Storage News

Shares in Optical Drive Market Shrink for Quanta

Facing declines in both shipments and revenues in early 2011, Taiwan-based optical drive maker Quanta Storage has turned conservative about its performance in the future and is also turning its focus on maintaining its gross margins despite expecting to see sequential growth in second-quarter shipments. Digi Times reports fierce competition from Korea-based Hitachi-LG Data Storage (HLDS) and Toshiba-Samsung Storage Technology (TSST) as well as Taiwan-based Lite-On IT has caused Quanta’s share of the optical drive market to shrink.

"The company's lawsuit with Japan-based Rioch Company over intellectual property was settled in March and Quanta Storage pointed out that the lawsuit did not impact the company's shipment process, and the settlement with Ricoh also will not benefit the company in landing orders; however, since the company already prepared NT$460 million for the lawsuit in 2009, its settlement will not create any impact toward the company's financial status in 2011.”