Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : C-Cube -- Ignore unavailable to you. Want to Upgrade?

To: Been-Shinn Tsung who wrote (46482)	10/23/1999 9:25:00 AM
From: John Rieman	Respond to of 50808

CD-VCRs............................ globalsources.com Industry News Posted: Oct. 18, 1999 Serial unveils CD-VR to replace VCR SINGAPORE ? Serial System Ltd has acquired a stake in a mainland China joint venture to manufacture a new product that may push the video cassette recorder into obsolescence. The company has invented a CD-video recorder, the first in the world it says, which replaces the tape with a CD. According to chief executive officer and president, Eddie Chng, Serial is paying $1.4 million in cash for a 51 percent stake in Ying Yeh Electronics in Guangdong. The remaining stake will be held by Ying Fook, a mainland manufacturer, which will inject about $1.3 million worth of assets in its factory. Ying Fook is a leader in manufacturing CD loaders, that on which CDs and CD-ROMs whirl while being played. Serial's acquisition will lower its production costs and enable it to compete with rivals when they come on the market in a year or two, said Chng. "The CD-video recorder is the result of two years of in-house research. We are sure we are ahead of the market," he added. The company will sell the gadget online beginning February. It will open offices in San Francisco and London next year to handle sales, and will handle marketing before allowing original equipment manufacturers to sell it under their brand names.