general posted by

Now here’s interesting. According to a report from Asia Biz Tech, the worlds top ten DVD makers have announced an agreement to standardize on the next generation of DVD recordable devices. This implies that at last there will be one single DVD-R standard worldwide.

The new discs will hold 6 times more than current DVD 4.7GB, which should make for nice long record times too, but we’ll have to wait and see if that represents single sided or dual sided or dual density modes. Anyway the announcement is a great piece of news, even though we won’t see any products until late next year at the earliest (and don’t ask about pricing OK?).

Oh, and the reason for this sudden corporate rapprochement? Rabid fear of accelerating Chinese competition.

Update: Interesting statistic. The United States was the largest investor in China for the third year in a row in 2001. Last year over 300 of the top 500 American companies invested US$35 billion in more than 33,000 projects in China. And overall total foreign investment in China is currently experiencing around a 46% growth rate. Source: Xinhua News Agency.

Red – who has written posts on The Red Ferret Journal.

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