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Technology Stocks : Ampex Corporation (AEXCA)
AMPX 11.00+8.4%Jan 16 9:30 AM EST
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To: ShamukE who wrote (3509)9/25/1998 3:28:00 PM
From: killybegs  Read Replies (1) of 17679
 
This is why we're hanging in here....

"Philips Consumer Electronics today announced that it projects industry-wide net value of digital video products to nearly double to $22 billion by the year 2000 as consumers migrate from analog to digital technologies. At a briefing for reporters in New York, Philips executives showcased several new digital products and outlined its market strategy in North America.

"Philips intends to lead the transition from analog to digital," said Robert Minkhorst, President and CEO of Philips Consumer Electronics North America. "The market in North America is changing and no consumer electronics company is better positioned to serve both the analog and digital segments of the video industry than Philips."

Philips projections indicate that the market for digital products, such as DVD-Video and Digital Television, will grow steadily in the coming years. Today, Philips estimates that digital products account for 10 percent of total net value of the Consumer Electronics industry, and by the turn of century, this figure is expected to grow to 20 percent of the industry total. By 2002, Philips expects the Digital Video category to comprise 30 percent of the industry net value. At the same time, the market for analog products is expected to remain strong and will still represent 50 percent of the industry total in the year 2002. "
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