Mirc, owned by the Mirchandani family, manufactures a range of consumer durables, including colour TVs, digital versatile disk (DVD) players, ACs, washing machines, microwave ovens and mobile phones.
However the firm -which invented the compact cassette, the compact disk (CD) and helped develop the digital versatile disk (DVD) -badly needs to come up with new killer products after ten years of flat sales and strings of huge losses, he admits.
l A DVD ROM drive (Digital Versatile Disk, Read Only Memory drive) will play both conventional CD ROMs and the newer DVD disks, which look just the same but which can hold huge amounts of data, including full length movies.
said Thursday it will introduce a home-use liquid-crystal (LC) projector in October as the spreading use of digital versatile disk and high-definition television technologies has stimulated demand for such projectors.
Something similar is likely to happen again now, with the audio-video industry discussing when to adopt a new standard and deciding between digital versatile disk (DVD) and super audio CD (SACD).
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