Carrie
12-30-2004, 10:41 AM
The Register (http://www.theregister.com/2004/12/30/samsung_100m_fine_fund/)
December 30 2004
By Tony Smith
30th December 2004
Samsung has put $100m to one side just in case the US Department of Justice fines it for allegedly conspiring to fix memory prices.
The South Korean giant revealed the existence of the antitrust war chest today, 30 months or so after the DoJ began investigating claims that major memory makers, including Samsung, Infineon, Micron and Hynix, had colluded to raise DRAM prices.
The fund will protect the company against any "possible loss resulting from the ongoing antitrust investigation into the company", Samsung said.
Full story (http://www.theregister.com/2004/12/30/samsung_100m_fine_fund/)
December 30 2004
By Tony Smith
30th December 2004
Samsung has put $100m to one side just in case the US Department of Justice fines it for allegedly conspiring to fix memory prices.
The South Korean giant revealed the existence of the antitrust war chest today, 30 months or so after the DoJ began investigating claims that major memory makers, including Samsung, Infineon, Micron and Hynix, had colluded to raise DRAM prices.
The fund will protect the company against any "possible loss resulting from the ongoing antitrust investigation into the company", Samsung said.
Full story (http://www.theregister.com/2004/12/30/samsung_100m_fine_fund/)