CDRLabs.com

Things aren't looking good for Prodisc. Earlier this week, the company asked a local court in Taiwan for protection against its creditors to prevent them from seizing its assets. According to the China Economic News, Prodisc has also filed for corporate restructuring and will be shutting down its optical disc business.

Prodisc Technology Inc., the world`s fourth largest and Taiwan`s third-largest optical-disk maker, filed for corporate restructuring yesterday (Aug. 4) and will exit the market, a move expected to give a relief to other makers in the line from the throat-cutting competition which has plagued the optical-disk market for five years.

Two major beneficiaries of the development will be CMC Magnetics and Ritek Corp., the two leading Taiwanese optical-disk makers, which may be able to hike their prices for the second time this year in the fourth quarter and turn their operations into black in the quarter.

Prodisc boasts a global market share of 11%, trailing CMC Magnetics, Ritek, and India`s MBI. Its exit, therefore, may reverse the glut in the market, which is suffering from 10% excess supply, thereby ending the bearish market which has lasted five years.

If you'd like to read more, the entire article can be found here.

Tags: Prodisc  Philips  Taiwan  

---

• Ritek To Triple Blu-ray Disc Capacity By End Of 2008
• Prodisc To Continue Optical Disc Production
• Buffalo Announces 20x Super Multi Drive With Upscaling Capabilities
• Panasonic Announces 8x Blu-ray Disc Writer
• Pioneer Says That 500GB Blu-ray Disc Is Feasible

• CMC Magnetics Looking To Raise Optical Disc Prices
• I-O Data Announces 8x Blu-ray Disc Writer
• Lite-On To Ship SmartErase DVD Writers This Fall
• Taiwanese Drive Makers Not Optimistic About Chinese High-Def Format
• Buffalo Announces First 8x Blu-ray Disc Writers

---