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

To: J Fieb who wrote (24801)	11/4/1997 12:48:00 PM
From: DiViT	Respond to of 50808

AMOISONIC ELECTRONICS CO. TO PRODUCE 2.5 MILLION VCD PLAYERS ---------------------------------------- Sorry for the caps... Who has these guys? ---------------------------------------- 11/04/97 Xinhua News Agency - CEIS (Copyright 1997) ÿ BEIJING (CEIS) -- THE AMOISONIC ELECTRONICS COMPANY HASWITNESSED A RAPID DEVELOPMENT SINCE IT STARTED PRODUCTIONOF VCD PLAYERS IN THE LATER HALF OF 1996, ACCORDING TO SOURCES WITH THE COMPANY. THE COMPANY PLANS TO TURN OUT 600,000 VCD PLAYERS THIS YEAR AND INCREASE THE OUTPUT TO 2.5 MILLION NEXT YEAR. THE SOURCES SAY THAT THE TARGET IS SET ON THE BASIS OF THE CURRENT MONTHLY OUTPUT RECORD OF 100,000 VCD PLAYERS AND TAKING INTO ACCOUNT ITS INCREASING STRENGTH IN TECHNOLOGY, PRODUCTION EQUIPMENT AND MARKET NETWORK. THE COMPANY USED TO PRODUCE VCRS AND VIDEOPLAYERS BEFORE SHIFTING TO VCD PLAYER PRODUCTION. ITS STOCK BEGAN TO BE LISTED ON THE STOCK MARKET ON JUNE 4, THIS YEAR WITH A TOTAL OF 140 MILLION SHARES INCLUDING 40 MILLION SHARES IN CIRCULATION. ACCORDING TO THE COMPANYS MID-TERM FINANCIAL REPORT, ITS PROFIT PER SHARE HAS TOPPED 0.201 YUAN. IT IS EXPECTED THAT THE COMPANYS PROFIT PER SHARE WILL EXCEED 0.60 YUAN THIS YEAR AND EVEN HIGHER NEXT YEAR.