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

To: John Rieman who wrote (33349)	5/21/1998 5:45:00 PM
From: DiViT	Respond to of 50808

CHINA TO FORM DVD AND VCD PLAYER CONGLOMERATE 05/21/98 Xinhua News Agency - CEIS (Copyright 1998) BEIJING (CEIS) -- CHINAS ELECTRONICS MAKERS INTEND TO FORM A DVD AND VCD PLAYER CONGLOMERATE TO STANDARDIZE, INTEGRATE AND GUIDELINE THE DEVELOPMENT OF VCD INDUSTRY. THE CONGLOMERATE INITIATED BY THE JIANGSU SHINCO ELECTRONICS GROUP, NOW HAS ENROLLED FOUR MEMBERS, NAMELY, SHINCO ELECTRONICS GROUP, PANDA ELECTRONICS GROUP, KONKA ELECTRONICS GROUPS AND HUALU ELECTRONICS GROUP. ALL OF THEM ARE LISTED AMONG CHINAS TOP 100 ELECTRONICS MANUFACTURERS. THE DVD AND VCD PLAY CONGLOMERATE WILL BE A LOOSELY- AND FREELY-KNIT ENTITY, SAID QIN ZHISHANG, GENERAL MANAGER OF SHINCO ELECTRONICS GROUP, ADDING THAT THE CONGLOMERATE WILL TRY TO BRING INTO PLAY THE ADVANTAGES OF EACH MEMBER AND ENABLE THE MEMBERS TO SHARE THE LATEST TECHNOLOGY. SHINCO HAS RECENTLY SUCCEEDED IN DEVELOPING A KIND OF MICROCOMPUTER SOFTWARE, THAT HAS A STRONG POWER OF ERROR CORRECTION. VCD PLAYERS EQUIPPED WITH THIS MICROCOMPUTER SOFTWARE, HAS BEEN HELD UP AS THE ADVANCED VCD PLAYERS FOR 1998. THE VANGUARD IN VCD PLAYER PRODUCTION NOW IS CONSIDERING COOPERATING WITH FOREIGN PARTNERS IN BUILDING A DIGITAL TECHNOLOGY LABORATORY. THE OTHER THREE MEMBERS EACH HAS ITS OWN ADVANTAGES. PANDA ELECTRONICS GROUP HAS AN AV DEVELOPMENT CENTER, THE ONLY ONE RECOGNIZED BY THE STATE. KONKA ENJOYS THE ADVANTAGES IN THE PRODUCTION OF TELEVISION SETS. IT ALSO HAS A RD CENTER IN THE SILICON VALLEY OF THE UNITED STATES. HUALU HAS RICH EXPERIENCES IN DEVELOPING AND PRODUCING VIDEO CASSETTE RECORDERS. AT PRESENT, SHINCO AND OTHER MEMBERS ARE BREWING THE IDEA OF COOPERATING WITH BIG BIG-NAME FOREIGN COMPANIES IN BUILDING A DIGITAL TECHNOLOGY LAB TO DEVELOP DVD . THE ESTABLISHMENT OF THE DVD AND VCD PLAYER CONGLORMERATE HAS CAUGHT THE ATTENTION OF MANY BIG COMPANIES, DOMESTIC AND FOREIGN. NEGOTIATION ON THE COOPERATION BETWEEN BEIJING-PHILIPS AND THE COMPLEX IS UNDER THE WAY.