On June 17, <A HREF="http://www.carltonplc.co.uk/">Carlton Communications</A>, owner of Technicolor, announced that it has entered into a merger agreement to acquire <A HREF="http://www.nimbuscd.com/">Nimbus CD International</A>, one of the world's largest independent manufacturers of optical discs, including CD-Audio, DVD, DVD-ROM, and CD-ROM.
Digital radio company <A HREF="http://www.worldspace.com/">American Mobile Radio Corporation</A> announced last Wednesday that it has exercised a $52.9 million option to upgrade its satellites. The move will potentially double the channel capacity of AMRC's nationwide satellite-direct audio radio service (SDARS), scheduled for the year 2000.
Harman Expects Lower Earnings; Asian Crisis Blamed
Jun 21, 1998
Fiscal year 1998 will be one of diminished expectations for <A HREF="http://www.harman.com">Harman International Industries</A>, Chairman Dr. Sidney Harman announced last week to assembled analysts and fund managers at a meeting in New York. He laid much of the blame on the continuing economic slump in Asia.