Sunday, January 25, 2015
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
NVIDIA Comments On GeForce GTX 970 Memory Allocation Reports
Google Comments On Lack Of Security Patches On Older Android Phones
Sony is Offering Old Games To Settle The 2011 PlayStation Network Breach
Sony Postpones Earnings Announcement
January Windows 10 Build Released Through The Windows Insider Program
Flexible Computers Are Stil Away From Reality
China Denies Microsoft Outlook Hacking Allegations
A Look at Microsoft's New Spartan Browser
Active Discussions
HELP!!!
full screen wide screen
UDF errors
Hi
The Simplest Way to Download KODAK HERO 7.1 Driver
About the restriction problem of chapter quantity in DVD
Booktype utilities for LiteON and OEM DVD Recorders
downgrade a nero vision 5 project to nero vision 2
 Home > News > Optical Storage > CD burn...
Last 7 Days News : SU MO TU WE TH FR SA All News

Wednesday, May 09, 2001
CD burning company Roxio to step out on its own


"...Roxio will be spun off from data storage firm Adaptec next week and hopes to become as well known to music fans as Elvis, or even Napster. The little-known company is a leading provider of digital media software to personal computer giants like Dell, Hewlett-Packard and Gateway. Roxio's CD-burning software, Easy CD Creator for Windows and Toast for Macintosh computers, is the best-selling software of its kind. It was bundled with about 24 million CD recorders in 2000 alone, accounting for about 70 percent of the entire CD recorder market that year.

Roxio is now hoping to go mainstream with a huge magazine promotion in coming weeks, according to Chris Gorog, chief executive officer of Milpitas, Calif.-based Roxio. Roxio will be spun off to Adaptec shareholders on May 11 and begins trading on the Nasdaq stock market starting May 14, under the ticker symbol ROXI. Gorog said Roxio's sales rose to nearly $120 million for fiscal 2001, which ended March 31, from $13.3 million in fiscal 1996. In fiscal 2001 it had a pro forma, pretax margin of over 20 percent.

About 60 percent of Roxio's business comes from its partnerships with major PC makers with the remaining 40 percent derived from retail sales. He said a slowdown in PC sales will not severely hurt the company due to increasing recordable CD drive adoption. Nevertheless, analysts said Roxio needs to expand into video applications to sustain its growth. Gorog said Roxio was poised to expand in the video recording market: "..In the next four to six weeks, we'll be making a big announcement on Roxio's entry into DVD recording.."..."



Previous
Next
CD-R media prices rise this summer        All News        Union Chemical Labs develops advanced optical-disk material
CD-R media prices rise this summer     Optical Storage News      CD-R media prices rise this summer

Source Link Get RSS feed Easy Print E-Mail this Message

Related News
New Roxio Creator NXT 3 Delivers Fast Movie-Making
New Roxio Toast 12 Delivers Digital Media Power for Mac
Roxio Creator NXT 2 Now Available
Roxio MediaBook for Windows 8 Released
Capture You GamePlay in HD With New New Roxio Game Capture HD PRO
New Roxio Creator NXT Released
Corel Completes Acquisition of Roxio, Introduces Roxio Easy VHS to DVD 3 Plus
Corel Acquires Roxio Business from Rovi
Roxio Toast 11 Released
Roxio Launches Video Lab HD with 3D
Roxio Adds 3D to Personal Media with Creator 2011
Roxio Releases Retrospect 8.2 for Mac

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2015 - All rights reserved -
Privacy policy - Contact Us .