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Technology Stocks : C-Cube

CUBE 36.64

-0.5%

Dec 5 9:30 AM EST

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To: John Rieman who wrote (49254)	5/8/2000 11:36:00 AM
From: BillyG	of 50808

China's DVD Player Market to be Upbeat in 2000 nikkeibp.asiabiztech.com May 8, 2000 (BEIJING) -- China's DVD player market is likely to pick up in 2000. According to a recent report, about three to five million DVD players will be sold this year, as prices are falling and market demand is growing. However, video compact disc (VCD) players will retain their position as the mainstream products, according to a Ministry of Information Industry official. China sold 100,000 DVD players in 1998. In 1999, sales soared to more than one million. The average price of DVD players has decreased from the previous RMB7,000 (US$843) to below RMB2,000. But a national standard for DVD players is still unavailable in China, leaving a crack for many companies to sacrifice their product quality for lower prices. (Xinhua News Agency)

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