Tuesday, July 29, 2014
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Microsoft Releases The Sharks Cove, A Raspberry Pi Alternative
EA Access for Xbox One Now Available
NVIDIA Rolls Out the GeForce 340.52 WHQL Driver
BlackBerry Strengthens Its Mobile Security Portfolio With The Acquisition of Secusmart
IBM, ACS And AT&T Claim Breakthrough In Elastic Cloud-to Cloud Networking
HP Says Internet of Things Devices Are Vulnerable to Attack
China Starts Anti-monopoly Investigation On Microsoft
Apple's MacBook Pros Now Come With Faster processors And More Memory
Active Discussions
help questions structure DVDR
Made video, won't play back easily
Questions durability monitor LCD
Questions fungus CD/DVD Media, Some expert engineer in optical media can help me?
CD, DVD and Blu-ray burning for Android in development
IBM supercharges Power servers with graphics chips
Werner Vogels: four cloud computing trends for 2014
Video editing software.
 Home > News > Optical Storage > Oak Tec...
Last 7 Days News : SU MO TU WE TH FR SA All News

Monday, April 07, 2003
Oak Technology completes sale of optical business to Sunplus


Oak Technology today announced that the sale of its optical storage business to Sunplus Technology, a Taiwan-based publicly held, fabless integrated circuit design house focused on the consumer market, has been completed.

The transaction, which closed on April 3, includes the transfer of Oak's optical storage business and certain assets to Sunplus for approximately $30 million, which includes $16 million in cash and the equivalent of $14 million in shares of Sunplus common stock. Oak will also become a minority investor in Sunext Technology Co., Ltd., a new spin-off company created by Sunplus and Oak.

"We are very pleased that this transaction establishes a strategic partnership between Oak and Sunplus and can create significant value for our shareholders," said Young Sohn, chairman and chief executive office of Oak Technology. "We are committed to supporting Sunext Technology as it becomes a new leader in optical storage."

"Sunext Technology combines Oak's many years of investment in the creation of leading optical storage technologies in CD-RW, Combo and RDVD with the expertise and technologies that Sunplus has developed in multi-media IC design," said Huang Chou-chye, chairman of Sunplus Technology. "We believe this partnership between Oak and Sunplus creates a new market leader and provides a strong supplier with innovative products to optical drive manufacturers."


Previous
Next
Sony announces new blue laser optical drive        All News        Sony announces new blue laser optical drive
Sony announces new blue laser optical drive     Optical Storage News      Sony announces new blue laser optical drive

Get RSS feed Easy Print E-Mail this Message

Related News
U.S. Judge: MediaTek's Chips Do Not Infringe Zoran and Oak Patents
MediaTek filed complaints against Zoran and Oak
Zoran files ITC complaint against MediaTek, ten users
Sunplus ships MPEG-4 back-end image processor
Sunplus starts shipping single-chip solution for DVD players
Zoran-Oak proposed Merger Hart-Scott-Rodino waiting period expires
Zoran Corporation and OAK Technology sign merger agreement to create Global Leader Inc and software solutions
Samsung Electronics joins Oak and Sunplus to develop optical products using Oak's optical technologies
Sunplus targeting 10% share of DVD chipset market
Oak and Sunplus announce optical storage joint venture
Oak Technology and Cheertek combine optical storage businesses
OAK Technology posts total revenue of $28.4 million for second fiscal quarter

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2014 - All rights reserved -
Privacy policy - Contact Us .