Well, it looks like a regional sales manager from Micron Technology has agreed to plead guilty to obstructing an investigation into price fixing.
Alfred Censullo, Micron's regional sales manager for upstate New York, was charged in U.S. District Court in San Francisco with obstructing justice by altering and concealing documents containing competitor pricing information. The documents had been requested in a federal grand jury subpoena. IBM was a customer in Censullo's territory.
While some attributed the price hike to shortages, others, such as Michael Dell, speculated that some companies were engaged in "cartel-like" behavior. Micron is one of the two largest memory manufacturers in the world and is the only major memory maker left in the United States.
Wow, ol’ Mr. Dell said “cartel-like” behavior. Ouch. Remember a couple years ago when the earthquake hit Taiwan and the memory prices went through the roof? Even though the quake was in Taiwan, US based companies like Micron raised their prices too…looks like the Justice Department didn’t take kindly to that kind of behavior…well, that and other things.
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