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Appeared on: Thursday, May 10, 2001
I/OMagic announces CD-R media price increases

"...I/OMagic today announced that it will follow suit with its major competitors in the industry and raise prices on Compact Disc Recordable (CD-R) blank media. Effective July 1, 2001, pricing on I/OMagic's CD-R blank media will increase. The company cited many reasons for the increases, including: higher costs for producing blank media; a reduction in supply; fewer manufacturers than ever before; and the enforcement of royalty fees to manufacturers by patent holders. Industry sources note that 2001 prices have increased approximately 30 percent -- per disc -- over prices paid in 2000..."



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