Nokia sues top LCD, CRT display makers

December 1, 2009 By MATTI HUUHTANEN , Associated Press Writer

(AP) -- Nokia Corp., the world's biggest mobile phone maker, said Tuesday it has filed suits against several leading liquid crystal display makers - including Philips, Toshiba, Sharp and Samsung - for alleged price fixing.

Nokia spokesman Mark Durrant said the suits - filed last month in the United States and Britain - came amid international criminal investigations in the U.S., the European Union "and elsewhere."

The companies, or their subsidiaries, named in the suits are Corp., Hitachi Ltd., Inc., Philips Electronics NV., Samsung Electronics Co., Seiko Epson Corp., Sharp Corp. and Corp., Durrant said.

"The investigations are into alleged cartel activities, effectively price fixing, in the supply of both CRTs (cathode ray tubes) and LCDs (liquid crystal display) - components that we have bought in significant volumes over a number of years," Durrant said. "Had we not been overcharged for them our profitability would have been higher."

Durrant declined to say how much was claiming in compensation but said the sums involved were "not insignificant."

Companies named in the suits, including Sharp, Hitachi and LG Display, declined comment, saying they were unaware of the litigation.

Durrant said Nokia considers litigation as a "last resort" and is still open to agree "to appropriate compensation" with the companies.

He declined to say if talks between Nokia and the companies allegedly involved in price fixing were continuing outside the courts.

"Clearly there is no doubt that these activities have been happening and Nokia has been overcharged and we are taking the appropriate, responsible steps to recover the damage that has been caused," he added.

Nokia said that similar civil suits had been filed in the U.S. by other claimants.

Nokia, based in Espoo near the Finnish capital, sold 468 million handsets last year, up 7 percent on 2007.

©2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Explore further: SAMSUNG Electronics Regains No. 1 Spot in LCD Market

Related Stories

SAMSUNG Electronics Regains No. 1 Spot in LCD Market

December 20, 2004

Samsung Electronics regained the No. 1 position in the global liquid crystal display (LCD) market last month from LG.Philips LCD, according to the Texas-based display market research firm, DisplaySearch. The electronics giant’s ...

EU antitrust regulators charge LCD panel makers

July 13, 2009

(AP) -- European Union antitrust regulators have charged Royal Philips Electronics NV and LG Display with fixing the price of liquid crystal display monitors, Philips said Monday.

Nokia caught up in Brazil brand name row

September 25, 2009

Nokia, the world's top mobile phone maker, said Friday it was in a court battle in Brazil over its Ovi brand, which a Brazilian telecoms company called Ouvi claims is too similar to its name.

Nokia posts loss of $832 million in third quarter

October 15, 2009

(AP) -- World-leading mobile phone maker Nokia Corp. on Thursday reported a loss of euro559 million ($832 million) in the third quarter, taking hits from a 20 percent drop in sales and a one-time charge for the fallen value ...

Recommended for you

Smart home heating and cooling

August 28, 2015

Smart temperature-control devices—such as thermostats that learn and adjust to pre-programmed temperatures—are poised to increase comfort and save energy in homes.

Smallest 3-D camera offers brain surgery innovation

August 28, 2015

To operate on the brain, doctors need to see fine details on a small scale. A tiny camera that could produce 3-D images from inside the brain would help surgeons see more intricacies of the tissue they are handling and lead ...

Team creates functional ultrathin solar cells

August 27, 2015

(Phys.org)—A team of researchers with Johannes Kepler University Linz in Austria has developed an ultrathin solar cell for use in lightweight and flexible applications. In their paper published in the journal Nature Materials, ...

0 comments

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.