Electronics giants square off over videodisk standards

Article Abstract:

Another competition is brewing between two rival systems hoping to become the videodisk standard of the projected $21-billion digital versatile disk (DVD) industry. On one side are Philips, Sony and Hewlett-Packard Co. with their DVD+RW, for ReWritable, format and their allies that include Yamaha Corp. and Ricoh Inc. On the opposing side is Matsushita and its allies including Hitachi, Time Warner, Toshiba, Thomson SA and Pioneer Corp. with their DVD RAM, for Random Access Memory, format. DVD+RW will be available in the market in the spring of 1999 while DVD RAM is just starting to be on sale in July 1998. The two formats make use of different technology to record or encode information. An industry group, called the DVD Forum, with ten members, voted eight-to-two to standardize work around Matsushita's DVD RAM on April 25, 1997. Despite the forum's decision, the proponents of DVD+RW declared they will continue to sell their products on their own.

Comment:

A competition is brewing between 2 rival systems hoping to become the videodisk standard of the projected $21-bil DVD industry

Magnetic and Optical Recording Media Manufacturing, Optical Recording Media, Product specifications, Optical storage media

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The world's 25 largest securities firms

Article Abstract:

The list ranks the 25 largest securities firms in the world by capital as determined by Dow Jones Indexes. Merrill Lynch of the U.S. is the largest securities firm in the world, with capital totaling US$40,004 million as of Dec. 31, 1997. Morgan Stanley Dean Witter of the U.S. ranks second in the list, with capital totaling US$32,646 million as of Dec. 31, 1997. Credit Suisse First Boston of the U.S. places third in the list, with capital totaling US$28,693 million as of Dec. 31, 1997. The list also shows assets and net income. The list is part of a report by the Wall Street Journal Europe.

Comment:

Is the 3rd largest securities firm in the world, with capital totaling US$28,693 mil as of 12/31/97

Securities Dealers, Investment Banking and Securities Dealing, Capital expenditures, Credit Suisse First Boston L.L.C., Morgan Stanley, Merrill Lynch & Company Inc.

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The world's largest banks

Article Abstract:

The list ranks the 100 largest banks in the world by assets as determined by Dow Jones Indexes. UBS of Switzerland is the largest bank in the world, with assets totaling US$742,673 million as of Dec. 31, 1997. Bank of Tokyo-Mitsubishi in Japan ranks second in the list, with assets totaling US$665,627 million as of Dec. 31, 1997. Deustche Bank of Germany places third in the list, with assets totaling US$586,440 million as of Dec. 31, 1997. The list also shows capital and net income. The list is part of a report by the Wall Street Journal Europe.

Comment:

Is the 3rd largest bank in the world, with assets totaling US$586,440 mil as of 12/31/97

Commercial Banks, Commercial Banking, Financial assets, Bank of Tokyo-Mitsubishi Ltd., UBS of Switzerland, Deustche Bank

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