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August 24th, 2005, 04:09 PM
#1
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DATA STORAGE NEWS: Hitachi unveils world's first terabyte DVD recorder
Japan's Hitachi Ltd. on Wednesday unveiled the world's first hard disk drive/DVD recorder that can store one terabyte of data, or enough to record about 128 hours of high-definition digital broadcasting. Hitachi, Japan's largest electronics conglomerate, is still a relatively small player in the DVD recorder market, trailing industry leaders Matsush!ta Industrial Co. Ltd., Sony Corp. and Toshiba Corp..
But it hopes its new line-up, which also includes models able to store 160 gigabytes, 250 gigabytes and 500 gigabytes of data, will help boost its market share and turn its loss-making DVD recorder business profitable in October-March, the second half of the business year.
"We entered the market last year and have only been able to grab about 3 percent of the market. It's been hard to earn a decent return on investment with such (low) volumes," Norio Ogimoto, general manager of Hitachi's storage media group, told a news conference.
Full story: Reuters
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