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Technology Stocks : C-Cube

CUBE 35.58

-2.0%

Dec 9 3:59 PM EST

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To: Black-Scholes who wrote (43311)	7/23/1999 12:57:00 PM
From: Don Dorsey	Read Replies (2) of 50808

NEC ANNOUNCES OPTICAL DISC MULTIMEDIA RECORDING SYSTEM TOKYO, Jul 23, 1999 (Asia Pulse via COMTEX) -- NEC Corp. (TSE:6701) announced Thursday it will release on Sept. 21 in Japan a multimedia recording device using optical discs. The discs, about the size of music CDs, can store 5.2 gigabytes of data per side. This is sufficient to hold about two hours of broadcast data in standard MPEG2 mode. The GigaStation will carry a suggested retail price of 350,000 yen. NEC Home Electronics Ltd. will produce the hardware, with NEC targeting first-year sales at 30,000 devices. Blank optical discs will retail for 3,900 yen. Image quality will be comparable to the S-VHS format, with access times fast enough to play back data in real time. The system will also enable easy image editing. Recording time can be extended to four hours in lower quality mode, with a high quality mode available for a recording time of one hour. Release of the GigaStation will mark the return of the NEC group to the consumer video-recording market. NEC Home Electronics withdrew from the videocassette recorder business in the fall of 1997.

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