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Hitachi and LG Electronics form optical disk drive JV - Company Business and Marketing - Brief Article

Telecomworldwire, Oct 6, 2000

TELECOMWORLDWIRE-6 October 2000-Hitachi and LG Electronics form optical disk drive JV (C)1994-2000 M2 COMMUNICATIONS LTD http://www.m2.com

Hitachi Ltd and LG Electronics Inc are to establish a joint venture company to develop, design and market optical disk drives.

The new company will combine Hitachi's strengths in DVD-ROM/RAM drive development technology with LG's experience in manufacturing and marketing CD-ROM and CD-RW drives, and aims to become one of the leading vendors of optical disk drives.

Named Hitachi-LG Data Storage Inc, the company will be formed on 1 November in Tokyo, and on 1 December a Korean subsidiary will be established.

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.END .PUB 430 >PD OCTOBER 6, 2000 >JN TELECOMWORLDWIRE .PRICEDATE NOT APPLICABLE .DAY

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