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Nvidia, AMD conspired to fix prices, say customers

post #1 of 53
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Quote:
NVIDIA HAS ADMITTED that it has received some 51 civil complaints against it from miffed customers.
Amongst other things, complainants claim that the firm has conspired with rival AMD to fix prices and screw consumers.

Nvidia confessed to the allegations against it and its arch rival in its quarterly report to the US Securities and Exchange Commission. The complainants are largely customers who have bought graphics cards and feel they have been ripped off in the process.

It said most of complaints emanated from California.

The complaints may develop into class action law suits against which Nvidia says it will "vigorously" defend itself, according to Dow Jones.

Nvidia faced 42 similar complaints in the year to March 14 according to the annual report it filed with the SEC on March 16.
http://www.theinquirer.net/default.aspx?article=39840
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post #2 of 53
    
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post #3 of 53
"Nvidia confessed to the allegations against it and its arch rival..." That's awkwardly worded..

Anyway, it sounds possible. The price of video cards seem to be only rising.

On the other hand, it could just be some bitter jerks who want to get cheaper vid cards
post #4 of 53
What could honestly come out of this? only more expensive video cards because they lost alot of money or it's just a plot to get back at nVidia for being so expensive. who knows.
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post #5 of 53
Gaar, I don't get it either. It says "Nvidia confessed to the allegations..." then goes on to say that "Nvidia says it will "vigorously" defend itself" if a class action lawsuit develops...

Quote:
Originally Posted by battlenut View Post
What could honestly come out of this? only more expensive video cards because they lost alot of money or it's just a plot to get back at nVidia for being so expensive. who knows.
Know why DDR2 is so stinkin cheap right now? A result of a class action suit just like the one Nvidia and AMD/ATI may see.
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post #6 of 53
You gotta remember that in our court system a good lawyer, or in nVidia's case team of lawyers, can get a man caught with the gun in his had set free. So it doesn't matter if it is true or not, just how good the other guys lawyers are.
post #7 of 53
Well. if Nvidia loses, then that will mean cheaper cards for the consumers? =D
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post #8 of 53
Quote:
Originally Posted by h4rdcor3 View Post
You gotta remember that in our court system a good lawyer, or in nVidia's case team of lawyers, can get a man caught with the gun in his had set free. So it doesn't matter if it is true or not, just how good the other guys lawyers are.
All the ram companies lost and im sure they had some pretty hefty lawers on there side. I think it would be good for all of us if they did lose, get them back to being honest atleast a little bit.
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post #9 of 53
Didn't the SEC already investigate nVidia and ATI last September? Anyone remember that the SEC request documents from them?
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post #10 of 53
well imo if it happened which i don't see why amd would risk their company on helping another get all the money and rep. but even if it did happen all we can hope for is lower prices sooner but unlike ram, i didn't think the prices were too bad think about the price of a Voo-Doo gfx when they first released new series, it's one heck of a conspiracy thats been going on for years. but thats just my opinion, we'll find out soon enough.
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