Apple Victim of Infineon DRAM Price Fixing Scam

according to this Reed-Electronics article. Infineon has agreed to plead guilty to price fixing on an international level and to pay a $160 million fine. One of the computer companies affected by Infineon's price fixing scam is Apple Computer.

DOJ specifically charged Infineon today with carrying out the conspiracy by: participating in meetings, conversations, and communications in the United States and elsewhere with competitors to discuss the prices of DRAM to be sold to certain customers; agreeing to charge prices of DRAM at certain levels to be sold to certain customers; issuing price quotations in accordance with the agreements reached; and exchanging information on sales of DRAM to certain customers to monitor and adhere to the agreed-upon prices.

Infineon is just the first fish landed by DOJ in this scam. [Dana Baggett].