Singulus Shares Rise on Blu-Ray Unit Purchase From OC Oerlikon

[BBlue]

Blu-ray seems to be a good business to be in. We can not say the same for the other format...

Singulus Shares Rise on Blu-Ray Unit Purchase From OC Oerlikon

By Philipp Grontzki

Feb. 1 (Bloomberg) -- Singulus Technologies AG, the German maker of machines that replicate compact discs and DVDs, jumped in German trading after agreeing to buy the Blu-ray DVD business from OC Oerlikon Corp.

Singulus shares rose as much as 1.37 euros, or 16 percent, to 10 euros and traded at 9.85 euros as of 10:07 a.m. in Frankfurt.

Oerlikon, the world's biggest maker of spinning machines for textiles, will sell the business to focus on other units. Financial details weren't disclosed. Singulus shares rose the most in almost seven years on Jan. 7 after Time Warner Inc., the world's largest publisher of DVD titles, abandoned the HD DVD format to adopt Blu-ray technology. Singulus's machines produce discs in both formats.

``This step is surely positive'' for Singulus as it will help the company to increase market share for Blu-ray, said Malte Schaumann, an analyst at SES Research in Hamburg. Schaumann rates the stock ``hold.''

To contact the reporter on this story: Philipp Grontzki in Frankfurt at pgrontzki@bloomberg.net
Last Updated: February 1, 2008 04:13 EST

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