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Infodisc in *BIG* trouble

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Infodisc in *BIG* trouble

Postby dolphinius_rex on Tue Sep 07, 2004 6:08 pm

Looks like $2.6 Billion is missing from Infodisc....
http://www.digitimes.com/news/a20040907B3089.html

this cannot be good for their stock value :o I bet it makes their media REALLY cheap for a while though (until they go bankrupt :roll: )
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Postby cfitz on Tue Sep 07, 2004 7:52 pm

David Lu, the former chairman of Infodisc, insisted that the company submitted the valid documents, including certification of its investment in the fund, to the TSE to justify its overseas investment. Lu also stated that the capital was remitted from the company’s account at the Singapore branch of the Netherlands-based Robobank, although he has not presented the remittance documents.

He probably submitted the documents on one of their CD-RW discs. That would explain how they went missing... :lol:

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Postby cfitz on Tue Sep 07, 2004 7:56 pm

For those who are newer to the forums and aren't aware of Infodisc's well deserved bad reputation, here is one link from the past:

http://www.cdrlabs.com/phpBB/viewtopic. ... 5698#45698

There are many more.

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Postby dolphinius_rex on Tue Sep 07, 2004 8:03 pm

Yeah, their CD-Rs and even more so their CD-RWs have a pretty bad reputation. I wonder if the company will survive this whole fiasco?
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Postby Phoenix '97 on Tue Sep 07, 2004 8:24 pm

Infodisc, Optodisc, Prodisc...
If I started my own company called PhoenixDisc, would you buy my products? (Even if all they were were calculators? :P )
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Postby dolphinius_rex on Tue Sep 07, 2004 10:58 pm

don't forget Pandisc :wink:

And some CD/DVD replicating plants also do it: Americ Disc, and Optidisc (not to be confused with Optodisc!).
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Postby CowboySlim on Tue Sep 07, 2004 11:20 pm

Note that the funds in question went to the Cayman Islands. That is where those who want to loot the company treasury to line their own pockets put the funds as an intermediate location.

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Postby dolphinius_rex on Tue Sep 07, 2004 11:46 pm

CowboySlim wrote:Note that the funds in question went to the Cayman Islands. That is where those who want to loot the company treasury to line their own pockets put the funds as an intermediate location.

Slim


Heh... that's like TEXTBOOK money hiding! :o
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Postby Wesociety on Wed Sep 08, 2004 12:07 am

Eeek! Just when Infodisc DVD+RW was getting better in quality, they have a fiasco like this! :evil:
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Postby jsl on Wed Sep 08, 2004 3:05 am

But is Infodisc actually making any recordable discs nowadays? I thought that part of Infodisc is now Infomedia:
Infomedia was established on Dec 24, 2003 and was formerly the Blank Optical Disc Department of the world’s leading DVD manufacturer, Infodisc Technology.

http://www.infomedia.com.tw/en_about.htm
...and Infodisc sold its stocks in Infomedia according to an article at Digitimes a couple of months ago.
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Postby Wesociety on Wed Sep 08, 2004 9:08 pm

jsl wrote:But is Infodisc actually making any recordable discs nowadays?

Hmm, I'm not sure, but you can still find 4X Infodisc DVD+RW very easily on the market. MID = INFODISCA10
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Postby Spazmogen on Wed Sep 08, 2004 10:28 pm

So was that NT $ (New Taiwan dollars) or US $.

I figure it was Tiawan, so it's about $76 Million US (if I worked it out, too many 0's).

I could have a lot of fun with $76 Million US.
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Postby jsl on Thu Sep 09, 2004 4:40 am

wesociety wrote:Hmm, I'm not sure, but you can still find 4X Infodisc DVD+RW very easily on the market. MID = INFODISCA10

To change the MID code would have required all drive makers to add it to their firmwares so they probably didn't think it was worth it. If you check Philips list here you'll see:
MID code INFODISC type A10: Manufactured by Infomedia Inc.
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Postby Wesociety on Thu Sep 09, 2004 10:37 am

@jsl, thanks for clearing that up...
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