apple news/media reports
10/15/2005, 10:25pm, EDT
Saturday, October 15th
Apple drops $3.8B joint investment plan with Samsung
Apple has dropped a $3.8 billion joint investment plan with Samsung. The pact had covered flash memory chips used in Apple's music player devices, according to Reuters and the Seoul-based Korean Economic Daily paper, which quoted a senior Samsung official saying that Apple had proposed a joint investment worth about 4 trillion won, but later backed off. The report says that Apple now is in talks with another memory chip maker to produce the chips in the U.S., the official told the newspaper. Earlier this week, Samsung Electronics and its U.S. subsidiary pleaded guilty to price fixing charges and agreed to pay a $300 million fine for taking part in a conspiracy to fix the prices of semiconductors for computers and other electronics, and both companies may be investigated by the Korean government for possible antitrust violations.
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(to be "fair and balanced," Faux DOES have a wire story about the price-fixing on their website, they just don't mention Apple except as part of a list of Samsung's customers.)
Now, those of us who get actual NEWS from CREDIBLE sources heard about the price-fixing conviction (and guilty plea by Samsung), then heard that Apple had withdrawn from their deal and thought "oh, I know how to put 2 and 2 together ..."
An ability that's apparently beyond Faux or its viewers (but of course, they WANT to be lied to ...).