[2] Philips Gears Up to Ship One Million CD-RW Products Per Month; Market Expected to Grow to 35 Million Units in 2000.LAS VEGAS--(BUSINESS WIRE)--Nov. 17, 1999-- Philips Electronics today unveiled plans to increase manufacturing capacity of CD-RW (CD-ReWritable) The only rewritable CD technology. CD-RW disks look like other CD media, but with close inspection, they have a more polished surface with a very dark blue-gray cast. products to exceed one million units per month by the middle of next year. The increased output will be accomplished through further output growth in its production facilities in Hungary and through additional expansion in Asia Pacific. The market for CD-RW drives is projected to grow from approximately 15 million units this year to 35 million drives in the year 2000. "Since the launch of the format in 1996, the CD-RW market has experienced tremendous growth," said Robert van Eijk, general manager, Philips Optical Storage North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. . "CD-RW has become the data storage and interchange medium of choice in the PC, with attach rates of more than 50 percent in some consumer channels." The CD-RW platform was developed and pioneered by a group of six companies including Hewlett Packard, Mitsubishi Chemical, Philips, Ricoh, Sony and Yamaha. Philips is the leading manufacturer of CD-RW drives and sub-assemblies worldwide and the CD-RW partner of choice to many of the top 10 PC manufacturers. "Dataquest predicts that CD-RW, or its follow-on combination CD-RW/DVD-ROM drive, will be the dominant high capacity rewritable removable storage device in PCs within a few years", said Mary Craig, principal analyst, Gartner Group's Dataquest, in her November 1999 report, "CD-RW---The Dark Horse". "This will be succeeded ultimately by rewritable DVD DVD: see digital versatile disc. DVD in full digital video disc or digital versatile disc Type of optical disc. The DVD represents the second generation of compact-disc (CD) technology. by the end of the next decade." The industry has an installed base of more than one billion CD players (275 million CD-ROM drives CD-ROM drives, which today typically means a CD-RW drive that is a combo CD-ROM, CD-R and CD-RW drive, come in a variety of speeds. The original drive (1x) transferred data at 150KB per second. and 800 million audio-CD players). Nearly three billion CD-Recordable and CD-RW media are expected to reach consumers in the year 2000. "When users think of creating their own CDs, compatibility and data interchange within the CD and DVD family become a major consideration when buying a PC today," van Eijk said. "We expect online distribution to drive the need for CD-RW further, since people like the idea of collecting and storing data and software on a Compact Disc." About Philips Optical Storage Philips Optical Storage is a Business Group of Royal Philips Electronics that develops and manufactures industry-leading optical storage products for sale through OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and channels worldwide. Optical Storage product lines include drives, subassemblies and components related to Audio and Video CD, CD-ROM CD-ROM: see compact disc. CD-ROM in full compact disc read-only memory Type of computer storage medium that is read optically (e.g., by a laser). and ReWritable products in CD and DVD technologies for both consumer electronics and data markets. Philips Optical Storage conducts extensive product development activities in Belgium, the Netherlands, Singapore, China and the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , and operates manufacturing facilities in Belgium, Hungary, Malaysia and China. About Philips Royal Philips Electronics of the Netherlands is one of the world's biggest electronics companies and Europe's largest, with sales of US$ 33.9 billion in 1998. It is a global leader in color television sets, lighting, electric shavers, color picture tubes for televisions and monitors, and one-chip TV products. Its 230,700 employees in more than 60 countries are active in the areas of lighting, consumer electronics, domestic appliances domestic appliance domestic n → appareil ménager , components, semiconductors, medical systems, business electronics, and IT services (Origin). Philips is quoted on the NYSE NYSE See: New York Stock Exchange , London, Frankfurt, Amsterdam and other stock exchanges. News from Philips is located at www.news.philips.com Editor's note Editor's Note (foaled in 1993 in Kentucky) is an American thoroughbred Stallion racehorse. He was sired by 1992 U.S. Champion 2 YO Colt Forty Niner, who in turn was a son of Champion sire Mr. Prospector and out of the mare, Beware Of The Cat. Trained by D. : Please note that for your convenience, Philips has created the following rapid-response toll-free number for all Philips editorial inquiries: 1-800-210-9605 Product slides/digital images available upon request. |
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