Saturday, February 28, 2015
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
New Draft Bill Focuses On Consumer Data Privacy
Uber Says Breach Affected 50K Drivers
Google Showcases Future Silicon Valley Headquarters
Lenovo Offers Free McAfee LiveSafe Following Superfish Security Concerns
Yahoo Gains Search Share
Twitter To Offer More User Safety Features
Google to Start Ranking Mobile-friendly Sites Higher
Qualcomm Extends LTE to Unlicensed Spectrum to Enhance Mobile Experiences
Active Discussions
Need serious help!!!!
burning
nvidia 6200 review
Hello
Burning Multimedia in track 0
I'm lazy. Please help.
sanyo e6 camera
need help on some cd burning...
 Home > News > Optical Storage > Ritek R...
Last 7 Days News : SU MO TU WE TH FR SA All News

Tuesday, February 26, 2002
Ritek Raises $175 Million in Record Bond Issue


Ritek Corp. today announced that the company has issued 5-year ECB (Europe Convertible Bonds) worth a total of US$175 million. The bonds have 3-year put options, thereby making Ritek the first Taiwanese company in recent years to successfully complete this type of issue. The company plans to use the funds to expand its DVD-R, opto-electronics and prerecorded DVD operations.

While Ritek's CD-R media share is estimated to exceed 40% of the world market, the company is aiming to exploit the rapidly growing demand for DVD-recordables. Said Gordon Yeh, Ritek's CEO and chairman, ``DVDs that can record seven times as much as a CD will be the next wave in optical media and Ritek plans to be a major player.''

London-based Understanding and Solutions estimates that the worldwide market for DVD rewriteable discs will exceed 200 million discs by 2005, up from last year's 2.6 million. DVD write once media is estimated to hit 1.6 billion by 2005, an increase from 19 million in 2001.

``We are certain that consumers will have a huge appetite for discs that permanently store their personal videocassetes,'' said Yeh.

Recently Ritek subsidiary Ritek Global Media entered into a long-term agreement with Twentieth Century Fox Home Entertainment to be Fox's exclusive DVD manufacturer in its international territories, Ritek Global Media CEO Rick Marquardt, said, ``The bond issue will accelerate Ritek's expansion into the booming home video DVD market.''

According to figures compiled on behalf of the DVD Entertainment Group, 138 million DVD movies and music video titles shipped in the fourth quarter of 2001, more than an 80% increase over the same quarter in the previous year.


Previous
Next
Mitsubishi Chemicals announces DVD+R media        All News        Mitsubishi Chemicals announces DVD+R media
Mitsubishi Chemicals announces DVD+R media     Optical Storage News      Mitsubishi Chemicals announces DVD+R media

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

Related News
Ritek Releases New BD-R DL 6X Discs
RiDATA M-Disc DVD-Rs Now Available
Ritek Blu-ray M-Disc Available In August
RITEK Launched Recordable Permanent Storage - M-DISC DVD
RITEK To Showcase BDXL Blu-Ray Discs in Computex
Ritek And CMC Receive To Benefit From Moser Baer Finacial Troubles
RITEK Launches Capless USB 3.0 Flash Drive
RITEK USB3.0 Storage Products Launched at Computex Taipei
Ritek Certified For 4x BD-R DL Production
Philips Reaches Consensus with Ritek and CMC
Ritek at CES
Ritek to Accelerate Blu-ray Production

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 .