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Technology Stocks : C-Cube

CUBE 35.63

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To: BillyG who wrote (49599)	7/8/2000 10:54:32 AM
From: John Rieman	Read Replies (1) of 50808

A DVD price war in China????????????????????????????? chinaonline.com Western China's largest IT industrial park opens; DVD price war to follow? (9 June 2000) Western China’s largest information technology industrial park is now open for business, and if its enterprises are successful, it might spark a price war over DVD players in Sichuan Province. The head of China’s Sichuan Dingtian (Group) Co. announced recently that the 200 mu (33 acre) Dingtian Science and Technology Industrial Park is operational after having received 200 million renminbi (US$24.2 million) in investment, the June 7 Zhongguo Qiye Bao (China Enterprise News) reported. This year, the park will concentrate on producing DVDs, interactive DVDs, photoelectric telecommunications products and cellular phones. It hopes to produce Rmb 500 million (US$60.4 million) worth of goods this year. Industry observers say that if all goes well for the industrial park’s tenants, they are likely to spark a new round of price cuts for DVD players in Chengdu and Sichuan Province. Such competition might cause the price of DVD players to drop below Rmb 1,000 (US$121), the newspaper noted.

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