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To: Stoctrash who wrote (48038)	12/28/1999 12:01:00 PM
From: BillyG	Read Replies (3) \| Respond to of 50808

Samsung Electronics Develops DVD-Readable CD-RW Drive nikkeibp.asiabiztech.com December 28, 1999 (SEOUL) -- Samsung Electronics Co., Ltd. has began sales of CD-RW drives that can read digital video disks and record data on compact disks. A Samsung official said the new product, called the SM-304, "dissolves the disparity" of digital video disks and compact disks in terms of data recording and writing. It retails at about 500,000 won. The global market for the product is expected to expand to 5 million units by 2000 and 40 million units by 2003, the company said. (1,130.60 won = US41) The official added that the global market for the DVD product is expected to reach a mature level around 2000, and Samsung Electronics intends to raise its world market share to as high as 30 percent. (Maeil Business Newspaper, Korea)