Sorry Samsung, Philips, LG, Technicolor: EU upholds €1.4bn cartel fine

Thursday 10th September 2015 10:50 GMT Anonymous Blowhard

"distinct cartels in the sector of cathode ray tubes"

Next up, an investigation into the telegram industry...

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Thursday 10th September 2015 11:21 GMT Efros

Do these fines

come anywhere near what the profits these companies made from their shenanigans? If they don't then the accountants will just do their bean counting and come to the conclusion that it's a risk worth taking.

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1. Thursday 10th September 2015 11:26 GMT Anonymous Coward
  
  Re: Do these fines
  
  No, why would you think that? Next you'll be expecting the CEOs and other execs to be held responsible for the actions of their corporation. That's not how these things work.
  
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  1. Thursday 10th September 2015 11:48 GMT Efros
    
    Re: Do these fines
    
    I've often stated on these forums how a few sentences of penal servitude dished out to CEOs and CFOs of misbehaving corporations may have a beneficial effect on corporate behaviour. Unfortunately it always seems to be fines, perhaps the gummints concerned are too eager to get their hands on some cash rather than some justice.
    
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2. Thursday 10th September 2015 12:32 GMT Voland's right hand
  
  Re: Do these fines
  
  They may do - Eu fine regiment is vicious. Very few companies will find 10% of global turnover over the period of the violation to be something "painless".
  
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Thursday 10th September 2015 11:33 GMT Anonymous Coward

When does the EU send out the cheques to all the people that bought cathode ray tv's and monitors? I should be due quite a bit, I used to have a bbc/amstrad/286/tv's.

Edit: I actually remember changing the removable circuit board out of one (the electron gun part, memory is a bit fuzzy if I'm wrong) and swapping it from one with a broken screen.

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1. Thursday 10th September 2015 15:20 GMT Anonymous Coward
  
  It does not
  
  This is the difference between Eu an FTC.
  
  FTC compensates consumers so it is a matter of compensation which limits what is being charged.
  
  Eu fines corporations so the limit is solely in the way it assesses the damage to the market as a whole and the worldwide turnover of the fined corporation. There is no intention to "compensate" the consumer, the intention is to "correct the market distortion". The fines go in the budget and from there on they are used on what the budget is used for.
  
  This is also where the difference between what was agreed with the FTC and the Eu fine comes from - the Eu fine is a punitive measure, while the FTC agreement is not.
  
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Thursday 10th September 2015 13:19 GMT Shane McCarrick

How do you prove ownership of CRTs from 20 years ago?

Photographs?

Annecdotal evidence?

I had a large 28" Phillips X-Ray diagnostic monitor in my living room for years- best damn screen I ever had- had to get rid of it eventually- when the weight of it caused my table to buckle.

I've had CRTs from 3 of those manufacturers- however, good luck to me proving it..........

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1. Thursday 10th September 2015 14:17 GMT Velv
  
  It's 32" and weighs 48Kgs and is still in my house, so I can certainly prove ownership
  
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  1. Thursday 10th September 2015 14:23 GMT Anonymous Coward
    
    Sounds like my Ashley Madison profile.
    
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Thursday 10th September 2015 20:09 GMT Anonymous Coward

Damn!!

SWMBO made me throw out my beloved 32" Panasonic CRT just before Christmas, how will I be able to claim my refund on it.

(To offset some of the cost of the 49" LG UHD TV she made me buy).

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Thursday 10th September 2015 23:52 GMT John Brown (no body)

Hang on a minute!

An EU investigation into a cartel fines the participants €millions each and only USA "victims" will get compensation out of settlement fund? Where's the EU consumers compensation? "We" got stung by the artificially high prices and then "we" get stung paying for the case out of our taxes and only the yanks get the cash benefit? TANJ!

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