linux.com :: dram pricing: the fix is in
linux.com :: dram pricing: the fix is in
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feature
dram pricing: the fix is in
by on
may 12, 2003 (8:00:00 am)
print
comments
- by melanie hollands -price manipulation by manufacturers of pc memory components such as double data rate (ddr) dram is deliberate, periodic, predictable, and has been happening for decades. conveniently, dram price increases tend to be observed during critical
periods, such as just before earnings reports or after periods of substantially subdued demand. it has also been suggested that some memory suppliers periodically withhold supply of dram and other memory components. this creates an artificial supply shortage, which in turn generates a level of artificial demand that drives up prices.
irrespective of the cause of the price increase, dram prices are a key driver of pc-related and semiconductor stocks. as memory prices rise, so do semiconductor stock prices.
the november, 2002 "rally" in semiconductor stocks was regarded by some to be the result of price fixing tactics. dram price increases propelled the pc-related, semiconductor and semiconductor capital equipment issues. ddr was at its highest level in over three months, which explains why micron technology stock rose nearly 40% to $17.30, up from october lows of around $12. and infineon traded up over the $10 mark, doubling from its october lows.
while i believe that the demand for chips in the second half of
2002 was real -- it was part of the inventory build – it is the
sell-through that remained a question mark. the build was likely
stimulating demand at a time when most had written off a lift in real
end-demand. the seasonal build in dram typically begins in the second
calendar quarter and typically peaks mid-november. the 2002 price
ramp didn’t last beyond that, and if history continues to be a
guide i doubt that this year’s higher dram price trend will
last beyond mid-november, but i am not making any guarantees.
however, i do believe that it is largely these "supply
shortages" that have supported these ramps in dram pricing and,
in turn, semiconductor and related stock prices.
heavily concentrated market
dram supply is heavily concentrated in the hands of five major
suppliers who, collectively, control nearly 82% of the worldwide
market. in 2002, the top five suppliers were:
samsung semiconductor, a
division of korea’s samsung, the world's
largest supplier of ddr, sdram (synchronous dram), and flash memory,
and with >32% dram share,
micron technologies’
subsidiary crucial technology (>18% share),
infineon technology, subsidiary
of germany’s infineon technology ag (12.8%)
hynix semiconductor, from korea
(12.8%), and
nanya technology corp., of
taiwan (5.5%).
other dram suppliers include toshiba, mitsubishi, elpida memory
inc. (a 50:50 japanese jv between nec and hitachi), and taiwanese
manufacturer winbond electronics. more comprehensive dram market
share details are provided in tables 1 and 2, below.
in recent years, the computer memory industry has undergone
significant consolidation, and continues to consolidate further.
currently, half of total worldwide dram supply is controlled by two
companies: samsung and micron. memory kingpin samsung alone controls
one third of total dram supply. in november 2002, infineon and nanya
formed a joint venture to help each partner expand its position in
the dram market while sharing development costs. and in march this
year, elpida and powerchip semiconductor corp. signed a sales and
purchasing contracts agreement for their own dram strategic alliance.
<col width=45>
<col width=43>
<col width=67>
<col width=67>
<col width=67>
<col width=55>
<col width=67>
table 1:
worldwide dram market share ranking
2002
sales
rank
2001
sales
rank
company
2002
dram
sales
$’
mill.
2001
dram
sales
$’
mill.
%
change
sales
yr-over-yr
2002
market
share
1
1
samsung
$4,985
$3,205
55%
32.5%
2
2
micron
2,794
2,324
20%
18.2%
3
4
infineon
1,965
1,175
67%
12.8%
4
3
hynix
1,962
1,768
11%
12.8%
5
7
nanya
844
333
153%
5.5%
6
5
elpida
615
874
-30%
4.0%
7
11
winbond
478
130
268%
3.1%
8
8
mitsubishi
362
261
39%
2.4%
9
10
mosel vit.
302
205
47%
2.0%
10
6
toshiba
287
459
-37%
1.9%
11
13
powerchip
260
95
174%
1.7%
source:
isuppli, february 28, 2003
<col width=50>
<col width=51>
<col width=70>
<col width=75>
<col width=59>
table 2:
top five dram suppliers' ranking q1 2003
q1
2003 sales
rank
company
q1
2003
dram
sales
$’mill.
q1
2003
dram
market share
q-to-q
share change
1
samsung
$1,112
31.1%
-3.8%
2
micron
$701
19.6%
1.8%
3
infineon*
$613
17.1%
4.2%
4
hynix
$444
12.4%
-0.1%
5
nanya
$156
4.4%
-1.5%
*infineon
revenue includes dram licensing fees
source: isuppli
corp. may 2003
some industry observers believe the major memory suppliers
deliberately and routinely conspire to fix prices in order to 1)
influence earnings results or 2) potentially squeeze out some of the
weaker players from asia. from time to time, these large suppliers
withhold supply of dram and other memory components, thereby driving
up prices and creating artificial demand that in turn helps earnings
results. regarding the latter “conspiracy”, the three
main culprits appear to be samsung and hynix, both of korea; and
taiwan’s nanya.
other observers argue
that such structured, formal conspiring seems unlikely and that the
price trends are seasonal only. so perhaps it is merely coincidence
that samsung’s, infineon’s and, to some extent, micron’s
2002 results benefited from firming dram prices in the second half of
the year – particularly considering the otherwise flat pc
marketplace.
the legal issue
last year, the antitrust division of the united states department
of justice (doj) in california launched an investigation into alleged
“anticompetitive practices” such as price fixing in the
computer memory markets, possible collusion in dram pricing, and
manipulation of manufacturing capacity. subpoenas were served on
samsung, micron, infineon, hynix, and a handful of other smaller
suppliers. at the time, micron was preparing to pay around $3.4
billion to acquire hynix, but the deal fell through –
coincident with the doj investigation.
speculation at the time was that the doj was looking into
collusion on memory chip pricing, although industry participants and
observers seem divided on whether the big chipmakers have ever
engaged in such practices. however, at an industry conference in
april 2002, dell computer's chairman and ceo, michael dell, commented
that memory suppliers must be benefiting from the recent rise in
memory component prices. these companies supply dram to pc-makers
like dell for use as the main memory in desktop and notebook
computers. "there was some cartel-like behavior by a number of
dram suppliers," dell said at the conference. "there was an
assumption by some of the companies that they could have both an
incredible increase in the price of dram and [increased] demand at
the same time. the world just doesn't work that way."
i understand the exact nature of the doj investigation has not
been disclosed. many have speculated that volatile price patterns in
the memory market, coupled with the “coincidental” unison
with which dram prices (from all the large suppliers) react, suggests
that suppliers may have acted to adjust prices accordingly. these
patterns may have raised the issue of possible collusion. however,
the doj did confirm that its antitrust division
was conducting an industry-wide investigation. the
investigation reportedly revolved around an alleged effort among dram
suppliers to influence, or “fix”, prices. related legal
actions alleged that price increases by the major suppliers of memory
components such as dram, ddr and sdram had violated california
antitrust laws and forced buyers of dram to overpay for the chips
purchased during certain times when dram prices were inflated.
price fixing: a conspiracy or long-standing competitive
dynamic?
it is hard to imagine such fierce competitors as micron, samsung,
hynix, and infineon acting together. some believe that these
companies have been illegally cooperating in order to salvage profits
in what has become a cutthroat business with razor-thin margins.
however, it is often the case that competitive dynamics, such as
price fixing behavior, particularly in a heavily concentrated
industry, do not need to be part of a formalized process. these
suppliers have all been observing each other’s moves for
decades. as a result, they all have extensive competitive
intelligence “institutionalized” within their respective
organizations and management ranks. competitor information can be
readily gathered since they have all shared, and continue to share,
customer, supplier, and vendor relationships. speaking the language
of “the nod, the wink, and the whisper” these players
recognize all the signals and know how to signal each other.
consequently, these suppliers can readily “read” each
other’s market signals, infer conclusions about each other’s
predictable behavior, and react accordingly.
some industry analysts believe there is no hard evidence that dram
suppliers have ever fixed component prices. there appears to be no
direct evidence from the suppliers, or the pc manufacturers, and
collusion appears less likely during periods when memory prices were
particularly low. that being said, after a bad year in 2001, the
memory suppliers enjoyed a solid recovery in the first quarter of
2002. the average selling price for a 128-megabit sdram jumped over
120% from around $1.70 in the fourth quarter of 2001, to around $3.75
in the first quarter of 2002. after a seasonal easing of dram pricing
back to $2.50 last summer, bad for memory suppliers, in the fall ddr
was back trading at a nice premium, and advantageous for the memory
producers as they ramped capacity.
impact of dram prices
in december 2001, contract prices for dram were less than $1. a
slump in demand for the standard 128-megabit dram chips had sent chip
prices plummeting and this, in turn, negatively affected memory chip
economics and results at the major chip suppliers. however, by the
end of may 2002, dram prices were moving back up into the $4 - $4.50
range, and industry chatter in asia at the time suggested price
fixing maneuvers among the major dram suppliers.
possibly it was the dramatic decline in dram
prices in 2001, followed by the steep price hike in 2002, which set
off the doj investigation. memory suppliers were trying to recover
some economics after a period of selling units significantly below
cost. the slump in demand for the standard 128-megabit sdram chips
sent prices plummeting, and adversely affected all the major
players.
many industry observers have noted that the dram
industry has been subject to wild price swings over the years. the
synchronization of pricing trends seems to be easily explained. while
dram suppliers find out from their customers what they are willing to
pay, it's entirely possible that some suppliers have other channels
to obtain each other's pricing information. it is a fiercely
competitive market but cooperation, particularly in support of higher
prices, would benefit all of the suppliers.
memory component pricing can have a dramatic
impact on pc manufacturers such as dell, since main memory can make
up 5-6% of a pc's total materials cost. easy to see that major pc
manufacturers may have felt that, during times of steep increases in
dram pricing, they were being hit by a unified action and suspected
dram suppliers of colluding to “fix” prices higher. on
the flip-side, from the dram suppliers’ perspective they went
from losing a substantial amount of money in 2001 to trying to make
up some of their prior year losses in the first quarter of 2002.
spot versus contract prices
as for the relationship between spot and contract prices, the dram
contract price has recently moved up, but spot will always lead
contract, at least in a normal environment. in spring 2002, there was
a point where spot was below contract, which was a signal that prices
were headed lower. last fall, however, the bias was up. and today,
that bias is also up, after soft dram prices in the first quarter.
until such time as the bias is down, if spot converges to contract by
declining it will be a bearish indicator until proven otherwise.
in march this year sdram was being priced above ddr in some lots,
which was not a great sign. spot pricing on dram recently crossed
above contract, after a period in the first quarter in which dram
prices were falling. this crossover and upward bias in dram prices
should provide some support and potential for more orders from dram
companies later in the year. and this in turn should provide support
for, and probably even propel semiconductor and semi cap equipment
stock prices over the next three to six months.
according to dram-exchange, dram contract prices have
remained stable recently despite falling spot prices, and this looks
set to continue through may. despite weak pc demand, hardware
manufacturers continue to source dram from the contract market, which
has supported memory prices. however, absent evidence of sell-through
to end-users or an up-tick in demand, there is mounting concern that
this will lead to channel inventory build-up and softening dram
prices. dram-exchange goes on to explain that although the major dram
suppliers are trying to keep unit prices above $3, it is possible
that this price point is not sustainable beyond mid-may.
consequently, as dram suppliers are pressured to ship before the end
of may, and as demand continues to weaken, this suggests dram price
erosion, rather than ongoing stability.
market impact of dram price “fix”
one hypothesis is that the move up in the broader stock market in
october-november 2002 was led by the semiconductor and semiconductor
capital equipment [semi cap] stocks, which led all the tech stocks
up, which in turn brought the overall averages up.
but what was causing this upwardly mobile market daisy chain? the
semis were quite possibly led up by the move in ddr prices.
coming into late second quarter/early third quarter, there should
be the usual uptick in pc demand as corporations spend out their it
budgets for the year, which in turn should stimulate dram pricing.
this happens every year; it is regular and predictable, and is
irrespective of whether there is great pc growth, or just ok growth,
or even no growth in the second half. so the stock prices of
companies like micron could be expected to rise as dram prices firm.
a common misconception in the
analysis of the semiconductor business is that a shortage in ddr
memory requires a substantial increase in semi cap equipment spending
in order to boost ddr manufacturing capacity. in reality, ddr just substitutes for sdr [single data rate], so the
only expense incurred by the chipmakers is for new masks (a kind of
mould) for the different chip designs. this involves little more than
a slight tweaking of the manufacturing dials. however, many investors
believe that a shift to ddr on the production line requires new
factory equipment, which is just plain wrong. still, this widely held
belief in the investment community was one of the reasons that the
fall 2002 spike in semiconductor stock prices was accompanied by a
spike in stock prices of semiconductor capital equipment companies
(such as kla-tencor and applied materials).
in summary, history points to, at the very least, some
coincidental factors leading to periodic spikes in ddr prices, such
as that which occurred last fall. such factors include a
faster-than-anticipated shift to ddr over sdr by pc-makers, at the
same time that the seasonal third and fourth quarter inventory build
was occurring. coincidentally, the dram situation in fall 2002 was
similar to what happened in 2001. dram shot up, followed by the semis
and the broader market, and then down dram prices came again,
followed by the market. once sufficient capacity was switched over
from sdr to ddr, and the seasonal inventory build had begun to slow,
ddr prices began to fall – as would be expected - beginning in
late 2002 and continuing well into the first quarter of 2003.
anatomy of dram pricing
ddr price increases could be considered to behave much like a soufflé – rising and falling on hot air. that is not to suggest that memory chip prices are not influenced by fluctuating levels of real pc demand; of course they are. but there is more to dram price patterns than ebb and flow of natural supply and demand.
to date, there seems to be little, if any, hard evidence of collusion. still, the unison with which the large dram suppliers manage their pricing reactions is quite possibly more than coincidence.
----------
melanie hollands has over a decade of experience covering the technology and telecommunications sectors, from positions held in business strategy (mckinsey & co., bain & co.), corporate finance (salomon smith barney) and fundamental equity research (merrill lynch). while at merrill, she received an institutional investor all-star honorable mention for her cover of the pc hardware and wireless stocks. she covers: pc/server hardware, storage, enterprise software and operating systems, wireless hardware and software, data networking, optics, semiconductors, semi capital equipment, and telecom equipment. she is currently president of koala capital, which focuses on trading/investing in technology stocks, and from time-to-time undertakes (on retainer) technology strategy and fundamental research projects.
editor's note: the opinions and conclusions in this article are solely those of its author and may or may not be shared by osdn editors and management.
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comments
on dram pricing: the fix is in
note: comments are owned by the poster. we are not responsible for their content.
title
author
date-time
how about pointing out another fraud?
anonymous coward
may 12, 2003 04:10 pm
like the fraud of motherboard manufacturers who list the capabilities of a motherboard as supporting 4 gb of ram in 4 slots, then finding out, well...it's really only 2 gb of ram, but all 4 slots can't be used unless you use ecc ram...(which is used, what,<nobr> <wbr></nobr>.05% of the desktop market?), and ohhh, btw, after testing, you only can use two (shuttle) or three (some of the others) of the four slots, without the full gb of memory (non-ecc) in the working slots...this isn't fraud? shuttle and the other motherboard manufacturers aren't defrauding the public by marketing motherboards that are marketed as being capable of being fitted with 4 gb of ram in four slots, when only two or three of the slots work (1st and third only of one or several of shuttle's amd boards, according to motherboard review sites' testing), and the slots can't take a full gb per slot unless ecc ram is used? that comes out to 2x512 mb of ram, for a grand total of 1 gb of ram maximum, unless ecc ram is used, on a board rated for 4 gb of ram. or for other manufacturers, where three of the four work, limiting to 3x512 or 1.5 gb of memory, on a 4 gb rated board.let's see if any of the motherboard review sites have the intestinal fortitude to make this charge. i've seen the memory issue buried here and there, but the charge has never been levied as far as i'm aware of.maybe not a big deal when the boards first came out due to ram pricing, but with price drops now, the fraud is the only limiting factor.
#
not fraud but poor qa
anonymous coward
may 12, 2003 07:48 pm
most board manufacturers simply do not have the time nor access to the memory parts to test things. in order to "accurately" test the boards then they'd have to get modules from many of the memory manufacturers. this is unlikely. instead, they get what they can, test it, and then determine that it does or does not work. over the last few years, one module from one manufacturer will work and another module from another one will not work. is that the board or the module? neither being fraud -- just poor qa.
#
re:not fraud but poor qa
ickusslime
may 12, 2003 08:52 pm
so what your saying is... if i have a poor qa department i can tell people one thing and actually give them another... thats called bait and switch and is considered fraud and is illegal.
#
not poor qa. fraud.
anonymous coward
may 12, 2003 08:58 pm
there are many examples of motherboards which cannot work with all of the simm slots filled -- regardless of the manufacturer of the ram. i could understand how they might have problems with certain brands, mixing brands, timing issues with some simms, etc. i understand that the motherboard manufacturers cannot test every different simm in every slot in every combination.but, if they put four simm slots on the motherboard, they should be able to specify at least one fully-loaded ram configuration with which the board will work. if they say that the board works with ddr-333 ram and it supports up to 4gb of ram, then it should work with 4gb of ddr-333 ram.
#
i understand why you feel cheated
anonymous coward
may 13, 2003 12:14 am
the motherboard manufacturers really should be more up front about this. however, the limits are real physical limits and not, as some suggested, necessarily showing bad qa.the problem is not ecc vs. non-ecc, it is registered vs. non-registered. registered dram has a buffer that makes it less of a load on the memory bus. unfortunately the buffering done by registered dram makes it slower while being more expensive to produce. only the professional market wants to pay that extra price, and they do not want memory contents to change randomly on them, so they will go for ecc every time. hence no registered dram without ecc, there is no market.high-speed busses are fickle things. i am constantly amazed that they work at all.
#
what are the consumers' options?
anonymous coward
may 12, 2003 08:54 pm
what brand of dram should i go for, then? one that's actually trying to compete in price as well as quality?
#
re:what are the consumers' options?
anonymous coward
may 13, 2003 09:45 am
yes<nobr> <wbr></nobr>:)
#
artificial supply shortages.
anonymous coward
may 12, 2003 09:37 pm
it has also been suggested that some memory suppliers periodically withhold supply of dram and other memory components. this creates an artificial supply shortage, which in turn generates a level of artificial demand that drives up prices.hmm. sounds like what we live with every day with opec.
#
dram opec
anonymous coward
may 12, 2003 10:03 pm
i've always wondered why the major memory chip producers did not create an opec type consortium for dram. they would be able to control the price of ram chips and hopefully hold it at a level that would be cheap enough to ensure brisk sales, while ensuring that they would make enough profit to a) keep their workers employeed all of the time, b) keep their production lines running at a certain capacity, c) be able to invest in memory chip technology.the dram constortium could raise the prices on memory chips to a point where consumers would find it too expensive to buy chips, but a) the smaller manufacturers could offer cheaper products b) like opefc the consortium does not want to alienate its consumers through higher prices.on another note, "regarding the latter “conspiracy”, the three main culprits appear to be samsung and hynix, both of korea; and taiwan’s nanya." though these three companies are geographically more closely located than the other major companies, it does not necessarily mean that they would want to price fix.
#
shhh.
sloveless
may 14, 2003 11:07 pm
don't give them any ideas.
#
hemorrhaging
anonymous coward
may 12, 2003 10:21 pm
the dram industry is hemorrhaging like never before. take a look at micron's last quarter. they lost more than half a billion in 3 months. there is no doubt that if there is price fixing going on micron is not benefitting from it.here's a great source to see the trends in dram pricing.http://www.converge.com/ewebapp/jsp/pricetrends/c<nobr>a<wbr></nobr> tegorydescdetail.jspit shows no indication that price fixing is currently occuring. the only products line that appear to be surging in price are the pc100 and pc133. this is very common at the end of a product's life.i don't like the inference this article gives. it leads the reader to believe that the dram manufacturers are getting fat using price fixing tactics. i think that it's closer to the truth that dram companies are with-holding supply in order to drive the price up so that they can survive.in micron's case, they are loosing almost 1 dollar to for every dollar they make in revenue. if the market does not see a turn-around soon, we could see the massive consolidation. this would lead to another industry similar to the cpu market where one manufacturer dominates. this will be infinitely worse for the consumer.
#
re:hemorrhaging
cornstalk
may 12, 2003 10:55 pm
you say:"i don't like the inference this article gives. it leads the reader to believe that the dram manufacturers are getting fat using price fixing tactics. i think that it's closer to the truth that dram companies are with-holding supply in order to drive the price up so that they can survive."perhaps in the popular imagination these two things are somehow different, but speaking as a professional economist, i can assure you that they are one in the same. if a strategy of withholding supply actually succeeds in driving up prices, this can only be the result of some form of collusion among "competitors," -- however tacit it may be. a dairy farmer cannot drive up the price of milk by withholding his supply. only collusion among dairy farmers can result in a sufficient quantity being withheld to affect the price of milk. similar principles would apply in this market if it were a workably competitive one.i assume that the article is correct in its claim that a single supplier accounts for 32% of the product. in that case, he probably could drive up the price once or twice, for short periods, by cutting back his supply. but if the market were workably competitive, his competitors would learn take advantage of his withholding strategy, cut prices and sieze more of the market for themselves. as his competitor, for example, i might build up small surplus of chips that i could sell into the market the next time he staged one of his withholding ploys.it appears that this sort of thing is not happening, which gives plausibility to the claim that some form of collusion is taking place. that is perhaps not surprising, given that a 20% has been considered a rule of thumb maximum market share for any firm, necessary to ensure workable competition.
#
re:hemorrhaging
anonymous coward
may 12, 2003 11:19 pm
agree that its about survival, rather than getting fat and rich. disagree that article presents that semi companies are getting fat on the "potential" practice of fixing. consolidation in the business, which is "commodity-like", and reference to "razor thin" margins implies declining economics in a susvival game.
#
???collusion
warpengi
may 12, 2003 11:07 pm
dram costs significantly less now than it did 3yrs ago. i remember jumping on a great deal in the fall of 2000 when i bought 128 mb dimms for $1/mb.it is hard for me to understand how there could be collusion and price fixing when the market price is so low.frequently over the past 2 yrs. the spot price droppped below $3/chip, the break even point for the manufacturers. if there is collusion it is resulting in significant losses for all the manufacturers.it seems to me that if i were colluding i would try to make it profitable. maybe i don't understand the ways of big business and that's why i'm not a ceo.
#
re:???collusion
anonymous coward
may 13, 2003 01:28 am
this woman obviously has better information than the rest of us, but collusion is not as easy to pull off as it might seem (just ask opec, and their cartel's in the open). the incentives for cheating, and grey market behavior, are very high. if there were only 2-3 suppliers and they were all located in the same country, it would be different.
#
buy low sell high
doctor digital
may 13, 2003 09:52 am
dram (ddr or otherwise) is small potatos in the fraud game.gas, tobacco, condoms, cell phone minutes, pick your ripoff.american consumers are the dumbest on the planet. we are consistently gullible and our government, corporations, and fellow citizens prey on us constantly.somewhere during my life span (celebrating 50 years of activism this year) things have changed a lot.many moons ago, businesspeople used to sit down with pencil and paper to determine how much it actually cost them to provide a product or service and would then add a profit margin to allow their business to grow and survive hard times. if you made widgets that cost some amount for raw materials and labor to produce, you added 10, 20, or 30% to allow for research or market swings.i am not sure when, but now the market is whatever some dumb ass is willing to pay. talk about inflationary !! that is the rule now. i have a friend that i argue about this with all the time. his opinion is that if consumers are willing to pay it, it's ok. this is against all my moral principles. i could not sleep at night if i did that.the moral: shop around for everything. get educated about what you are buying. other than used cars, the two best examples of things that most people just buy without "bargaining" are airline tickets and car insurance. get a quote and tell them you found it elsewhere cheaper. you would be amazed how fast they find you a "special" that you magically qualify for right away.suspect everything, question everything, and when in doubt, tell them the price seems too high. buy when prices are low. if i could store 1000 gallons of gas at my house during the winter to wait the bastards out during the summer, you bet i would.bottom line is that in this country, we can't even differentiate between what we "need" and what we "want".use your old computer until a new piece of software "requires" you to upgrade. do you need a 3 ghz machine with a 40gb hard drive and 64mb video card to do e-mail or word processing? hell no!!.think !!blood pressure coming down now... aaaaahhhhhh !!doctor digital
#
horrible horrible
anonymous coward
may 13, 2003 10:18 am
its horrible how bad news is getting these days.i'm no fan of corporations, and no fan of price fixing but presenting this story with such a huge bent is just plain bad journalism.sensationalizing to draw readers in is a short term approach. writing for the long term takes facts like yours and remains impartial letting the reader draw their own conclusions.you write:i understand the exact nature of the doj investigation has not been disclosed. andto date, there seems to be little, if any, hard evidence of collusion. still, the unison with which the large dram suppliers manage their pricing reactions is quite possibly more than coincidence. how can you justify your title? "the fix is in" if there has been no conclusion by you or the doj about the culpability of the memory manufacturers.while the disclaimer at the bottom of your article says its an opinion...newsforge needs to focus on keeping opinion pieces in a separate section or use a different color.
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linux??? dram???
anonymous coward
may 13, 2003 12:46 pm
i thought the articles in here are only around linux...
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the first week of the ftc trial of rambus....
anonymous coward
may 15, 2003 01:19 am
here is some information you might find enlightening.... from the ftc trial...this case was originally about rambus committing fraud on the jedec sso by taking notes and later patenting the technology that was discussed in the sso, without revealing their ip postion to the other members, it had morphed to rambus violating some unwritten rules while a member of jedec, the memory industry's sso... now of course, the ftc has morphed that again, to a case of rambus not showing "good faith" to other members in the sso...i guess the ftc had to do something to save face after the cafc ruled that rambus did not commit fraud as previously alleged...now in the courtroom, the ftc case against rambus has taken some strange twists in only it's first week...the first ftc witness, from ami2/synclink/sldram and an official of jedec, testifies that jedec members understood that all ip interests must be disclosed during any discussions of any technology that was related to the ip. basically saying that every sso member gives up all rights to anything that's even vaguely discussed at the sso meetings..but, under cross examination by rambus attorneys, admits to patenting (claims he didn't know his name was on the patent, but did sign the affidavit as an inventor) technology as part of the synclink group, then presenting it to the sso for standardization without revealing that the technology had a pending patent with his name on it. and after first denying that he gave assurances to the sso that it would be royalty free, he later admits that indeed his presentation did say that (after he was shown one of the slides from the presentation that had the words "royalty free" on them). but, the witness, still under cross examination, goes on to say that "royalty free" did not mean free, but actually meant rand... ???now, this goes one step beyond even what rambus has been accused of... everyone is unanimous that ip disclosure had to occur prior to presenting any technology for standardization... that's about the only rule that was written down...the second ftc witness from micron technology first testifies that jedec members understood that all ip interests must be disclosed as early in the process as they are known.but, when cross examined by rambus attorneys, admits to taking notes on what was being discussed at the sso, going back to work and patenting those technologies. the same person presented that same technology for standardization, without any ip disclosure. one year after that technology was standardized, revealed his employers ip position in the technology and gave assurances to the sso that "there would be no problem with the ip " , still later admits that his employer sued another member company of the sso for patent infringement over that same ip. and still later admitted that they probably should have disclosed the ip to the sso at the time of presentation.the final, and probably the most important, thing that has happened is that the sso rep from nec, under questioning from the ftc, claims there was no ddr (a standard) technology in the rambus europeon patent application (that rambus filed prior to joining the sso). this european application became public (under the 18 month disclosure rule in effect) during the first year of rambus tenure in the sso and was basically disclosed when rambus disclosed the specification of their 703 patent, which on it's face showed both divisional applications and a continuation in part application... this european patent app was discussed within the sso, but was dismissed as not being issuable as a patent due to prior art.upon crosss examination by rambus attorneys, the witness finally admitted that the drawings included with that application did indeed show ddr technology (that rambus has been accussed of stealing from the sso)..all in all, so far the ftc has succeeded in making rambus look like one of the most ethical companies in the sso...the above information was distilled from my subscription to fredhager.com who has 2 reporters covering the ftc trial...you just can"t make this stuff up !!!
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