Memorex, the leading brand of optical media at U.S. retail and a portfolio brand of Imation Corp (NYSE: IMN), today introduces the Essential TravelDrive(TM), the latest addition to its award-winning line of portable storage devices. The USB-based product features 2.5-inch hard drive technology, which delivers up to 320 GB of capacity, is available in several vibrant colors and easily fits into a pocketbook or purse.
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Blu-ray players are not flying off retailers’ shelves, at least not in the numbers the industry might hope for. A new consumer survey from ABI Research has revealed a widespread reluctance to commit to a Blu-ray player in the near future: over half of the 1000 respondents, citing “other priorities,” say they have no plans to purchase one; a further 23% are likely to buy, but not until sometime in 2009.
CMC Magnetics, who plans to adjust its OEM quotes for blank CD-R and DVD+R/-R discs up by 10% on average in August according to a previous report, plans to further hike OEM prices in the fourth quarter of 2008 in an attempt to significantly improve the profitability of optical disc production, according to company chairman Robert Wong.