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

To: Tom Terf who wrote (247)	11/25/1999 3:10:00 PM
From: blebovits	Read Replies (1) \| Respond to of 924

``This has definitely captured the interest of the industry and caught some by surprise, especially from such a small and unknown company' quote.bloomberg.com. C3D to Demonstrate High-Capacity Storage Discs, Cards Next Week New York, Nov. 24 (Bloomberg) -- C3D Inc., a designer of systems that can store music, data and movies, plans to demonstrate two new devices next week that can hold as much as 2,500 times the data of current compact discs. C3D will demonstrate the products -- one the size of a traditional CD and one the size of a credit card -- Tuesday at the Fairmont Hotel in San Jose, California. The New York-based company, which is looking to sell its technology to companies like Hewlett-Packard Co., Sony Corp. and Hitachi Ltd., was founded five years ago and sold shares to the public in April. C3D's technology allows data to be stored on at least 10 layers on each disc or card, said business-development manager Patrick Maloney. That could grow to 100 layers or more. The discs are capable of storing hundreds of gigabytes of data, compared with current DVD discs that store 4.7 gigabytes on two layers. The cards can store tens of gigabytes of data. ``This has definitely captured the interest of the industry and caught some by surprise, especially from such a small and unknown company' said Wolfgang Schlichting, research manager of removable storage at International Data Corp. C3D shares rose 1 13/16 to 29 1/16. The stock has risen almost 15-fold since April. The company, which says it has 45 patents but no products on the market, said the devices will be available by the fourth quarter of 2000. The first discs and cards won't allow consumers to record, though future versions will, Maloney said. Each layer of the disc or card is made up of a fluorescent compound developed by C3D scientists. The layers hold the data and are transparent unless light from the reading device, similar to a CD or DVD player, is focused on a specific layer, said Ingolf Sander, C3D's senior vice-president of product management. C3D's roots go back to the fall of communism in Russia, when Russian scientists emigrated to Israel and other places, eventually forming the nucleus of the company, said Maloney. The company has laboratories in Israel, Russia and Ukraine. quote.bloomberg.com