EETimes.com – Samsung’s Quinn faces prison over DRAM price fixing — Cripes, who did this guy piss-off?
Thomas Quinn, senior vice president of marketing for memory products at Samsung Semiconductor Inc., was charged with violating the Sherman Act in a one-count information alleging participation in an agreement to fix prices of DRAM and to coordinate bids in an auction held by a DRAM purchaser, the Justice Department said.
Under the plea agreement, which must be approved by the court, Quinn has agreed to serve eight months in prison and to pay a criminal fine of $250,000, the Justice Department said. Quinn has also agreed to cooperate in the Justice Department’s ongoing investigation.
hard to comment on this one.. it’s just too damn obvious
other than the who’s and where’s
the why is a gimme
Got to luv them suits…get jailed over chips, dorf didnt know the new memory was SPINACH. Remember?
Should get better with age. Sherman Anti-Trust cases usually entail a number of companies colluding to set market conditions. Now that the Fed’s have a cooperative convict, it will be interesting to see what other players fall to the ground.
A down side of being rich; you get to do time and pay a big damned fine. Schmuck like me, all they’d get is this big ass, and then they’d have to feed it, ’cause I ain’t got no money.