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

To: J Fieb who wrote (36979)	10/31/1998 9:26:00 AM
From: John Rieman	Respond to of 50808

China's IC plans....................... eet.com While pursuing its own technology strategy, China is reaching out to foreign consumer-electronics and IC makers. Jin Zheng-Long, senior economist with the China Audio Industries Association (Shanghai), said 40 foreign companies have formed joint ventures with the group. Members include JVC and Sony. The group also has relationships with U.S. chip makers, including C-Cube Microsystems (Milpitas, Calif.) and ESS Technology (Fremont, Calif.). Association members are working with U.S. companies on several co-development projects. Upbeat forecast The projections for explosive growth in China's video-player market offer ample incentive to work with the audio group. The association's three-year forecast calls for 10 million to 15 million Video CD and Super Video CD players to be sold annually. The local DVD market is projected to hit 2.5 million players by 2000. But some observers question the rosy forecasts. One Japanese source cited "a glut of products in China" and said companies are hard-pressed to sell their local output. While much of China's high-tech focus has been on digital video, industry officials predicted other emerging markets will drive China's nascent chip industry. They noted that the spectacular development of Taiwan's PC-driven electronics industry had a profound impact on China's technocrats.