27
Sep
2007
CNet: Sharp plans to launch a Blu-ray recorder with a 1-terabyte hard drive, as it competes with the HD DVD camp.
The model will have the largest storage capacity of any Blu-ray player thus far.
The 1-terabyte model, capable of recording 127 hours of high-definition digital programming, will go on sale December 1 in Japan for about 300.000 yen (1.835 euro).
Sharp also plans to offer eight more new Blu-ray recorder models by year’s end in Japan in a bid to replace VCRs and conventional DVD machines.
The Osaka-based company said Wednesday it has no specific plans at the moment for overseas launch of these products.
Toshiba already offers an HD DVD recorder with 1 terabyte of storage.
Pioneer said it will issue 30 million new shares to Sharp for $357.3 million on Dec. 20. The private placement will make Sharp the top shareholder of Pioneer, with a 14.28 percent stake. Sharp will sell 10 million, or 0.9 percent, of its outstanding shares from its treasury stock to Pioneer for $172.3 million that month.
The two companies said they will combine their expertise to jointly develop products in next-generation DVDs, audio, car electronics and displays.
