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To: Binx Bolling who wrote (9792)	3/23/2000 2:37:00 PM
From: Tumbleweed	Read Replies (1) \| Respond to of 60323

Sharp, Sony to develop high-density memory disc TOKYO, March 23 (Reuters) - Sharp Corp and Sony Corp said on Thursday they will join hands to develop small, high-density magneto optical discs, in a bid to grab a larger piece of the fast-growing memory device market. The new disc will be used in mobile devices such as personal digital assitants, digital still cameras, video cameras and personal computer data storage units, and will allow the development of smaller devices with greater memory capacity, the companies said. Sharp plans to begin marketing a new mobile device using the disc by the end of this year, a company spokesman said. A Sony spokeswoman said, however, that her company has no plans at this time to launch a product with the new disc. They added that several electronics manufacturers had agreed to support the new magneto optical disc format, including Casio Computer Co Ltd , Fujitsu Ltd , IBM Japan Ltd (NYSE:IBM - news), Mitsubishi Chemical Corp , Pioneer Corp and TDK Corp . The companies said their technology will permit recording more than two gigabytes of data on a 50.8mm disc. Electronics makers are vying to dominate the memory device market by introducing new products. In February, Sony said it added 19 companies including General Motors Corp (NYSE:GM - news) to the list of firms it has licensed to develop gadgets using its chewing gum-sized memory stick as a data storage device. Matsushita Electric Industrial Co Ltd developed a secure digital memory card with Toshiba Corp and SanDisk Corp (NasdaqNM:SNDK - news) to compete with Sony's memory stick. They plan to bring the device to market during the April-June quarter. Sharp's shares closed at 2,160 yen on Thursday, down 35 yen or 1.59 percent. Sony's shares closed at 25,870 yen, down 510 yen or 1.93 percent