Breaking News

G.SKILL Announces T5 Neo Series DDR5-6400 CL38 512GB (64GBx8) Overclocked R-DIMM Memory Kit with AMD EXPO Support for AMD Ryzen Threadripper PRO Workstations ZOTAC to Launch GeForce RTX 5090 ARCTICSTORM AIO & GeForce RTX 5060 Low Profile KIOXIA Commences Sample Shipments of 9th Generation BiCS FLASH 512Gb TLC Devices Synology Unveils DiskStation DS225 Plus New PS5 system update beta previews DualSense wireless controller pairing across multiple devices

logo

  • Share Us
    • Facebook
    • Twitter
  • Home
  • Home
  • News
  • Reviews
  • Essays
  • Forum
  • Legacy
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
    • Site Map

Search form

Ritek & CMC may suffer loss of asset value

Ritek & CMC may suffer loss of asset value

Optical Storage Jan 22,2005 0

CMC Magnetics and Ritek, the top two producers of optical discs in Taiwan, may observe a reduction in total value of assets as a result of the enforcement of new accounting and financial reporting criteria on January 1, 2005, according to local stock market analysts in Taiwan. For assets and liabilities reported, non-operating investment in subsidiaries or other enterprises is valued according to acquisition cost, i.e. using a cost approach, according to old accounting and financial reporting criteria.

However, the new criteria require that the value of non-operating investments and intangible assets not exceed market value (as measured by stock prices or sale prices), equivalent to valuation based on a market approach, the analysts pointed out. In many cases, market value is less than the original acquisition cost, the analysts indicated.

The enforcement of the new criteria will require most companies to reassess their asset value, the analysts noted. This could have a seriously negative impact on CMC and Ritek, as both have large portions of their asset value based on non-operating investment in many subsidiaries, of which most still suffer operating losses, the analysts said.

According to estimates by institutional investors in the local stock market, Ritek will suffer a reduction of at least NT$1.5 billion in its asset value after reassessment, while CMC will lose around NT$1 billion.

Tags: RitekCMC Magnetics
Previous Post
Sony to boost Playstation production
Next Post
Intel accelerating virtualization effort

Related Posts

  • CMC Magnetics Buys Mitsubishi Chemical's Storage Media Business

  • CMC Magnetics Sees Future in Holographic Optical Discs

  • Ritek to Produce Panasonic's 300GB Archival Discs

  • Ritek To Start Bio-testing Optical Discs

  • CMC Magnetics Says Disc Production Capacity Booked For 2016

  • CMC Magnetics Acquires Optical Disc Assets From Taiyo Yuden

  • Ritek Releases New BD-R DL 6X Discs

  • RiDATA M-Disc DVD-Rs Now Available

Latest News

G.SKILL Announces T5 Neo Series DDR5-6400 CL38 512GB (64GBx8) Overclocked R-DIMM Memory Kit with AMD EXPO Support for AMD Ryzen Threadripper PRO Workstations
PC components

G.SKILL Announces T5 Neo Series DDR5-6400 CL38 512GB (64GBx8) Overclocked R-DIMM Memory Kit with AMD EXPO Support for AMD Ryzen Threadripper PRO Workstations

ZOTAC to Launch GeForce RTX 5090 ARCTICSTORM AIO & GeForce RTX 5060 Low Profile
GPUs

ZOTAC to Launch GeForce RTX 5090 ARCTICSTORM AIO & GeForce RTX 5060 Low Profile

KIOXIA Commences Sample Shipments of 9th Generation BiCS FLASH 512Gb TLC Devices
Enterprise & IT

KIOXIA Commences Sample Shipments of 9th Generation BiCS FLASH 512Gb TLC Devices

Synology Unveils DiskStation DS225 Plus
Enterprise & IT

Synology Unveils DiskStation DS225 Plus

New PS5 system update beta previews DualSense wireless controller pairing across multiple devices
Gaming

New PS5 system update beta previews DualSense wireless controller pairing across multiple devices

Popular Reviews

be quiet! Light Loop 360mm

be quiet! Light Loop 360mm

be quiet! Dark Mount Keyboard

be quiet! Dark Mount Keyboard

be quiet! Light Mount Keyboard

be quiet! Light Mount Keyboard

Noctua NH-D15 G2

Noctua NH-D15 G2

Soundpeats Pop Clip

Soundpeats Pop Clip

be quiet! Light Base 600 LX

be quiet! Light Base 600 LX

be quiet! Pure Base 501

be quiet! Pure Base 501

Terramaster F8-SSD

Terramaster F8-SSD

Main menu

  • Home
  • News
  • Reviews
  • Essays
  • Forum
  • Legacy
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
    • Site Map
  • About
  • Privacy
  • Contact Us
  • Promotional Opportunities @ CdrInfo.com
  • Advertise on out site
  • Submit your News to our site
  • RSS Feed