Summary
Micron Technology Inc., the biggest U.S. memory chip maker, said it cut previously reported first-quarter earnings by as much as $80 million to reflect a settlement resolving claims it conspired to fix chip prices.
The accord resolves private antitrust lawsuits filed over U.S. sales of dynamic random access memory, or DRAM, from 1999 to 2002. The claims were brought by manufacturers and individuals alleging that a price-fixing conspiracy drove up costs for the chips, a memory component used in personal computers, laptops and video game consoles.See the full content of this document
Extract
Settlement to Trim Micron's Earnings
"It is expected that the settlement ...
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