With the world economy sliding into a depression, companies everywhere are facing difficult times. According to DigiTimes, Taiwan's optical disc manufacturers are being hit especially hard. Despite recent price hikes, CMC Magnetics and Ritek suffered net losses of NT$1.733 billion and NT$970.1 million, respectively, in the third quarter of 2008.
CMC Magnetics and Ritek, the top two Taiwan-based makers of blank optical discs, suffered net losses of NT$1.733 billion and NT$970.1 million, respectively, in the third quarter, according to their financial reports for the third quarter of 2008. However, CMC's third-quarter 2008 net loss shrank by 24.6% and Ritek's by 15.8% from the second quarter of 2008 mainly because the two companies increased their OEM prices for DVD+R/-R discs by about 10% in August, according to industry sources.
CMC and Ritek aren't the only disc makers losing money. Second-tier manufacturers Prodisc, Gigastorage and Princo also saw net losses per share for the first three quarters of this year.
