Revenues decreased 3.6 per cent to $213.8 million and net profit slid 9.9 per cent to $4.7 million

Japanese computer peripheral maker Buffalo revealed Thursday a new Blu-ray burner, capable of reaching impressive 12x write speeds when used with USB 3.0.

In spite of rumors that the first USB 3.0 products wouldn't surface until the 2010 Consumer Electronics Show in Las Vegas, Buffalo Technology has beaten all comers to the punch by announcing today it was shipping its new DriveStation HD-HXU3 SuperSpeed USB 3.0 drive.

The USB 3.0 race heated up Wednesday, as Buffalo made it known that its previously announced HD-HU3 range of hard drives will be the world's first SuperSpeed USB drives to make it to market when they ship in Japan later this month.

Australia’s CSIRO is confident of success in a patent dispute despite the lifting of an injunction by a US Federal Court that banned Buffalo Technology from selling Wi-Fi products.

A federal court in the U.S. has temporarily lifted an injunction that banned Buffalo Technology (USA) from selling its IEEE 802.11a and 802.11g Wi-Fi products due to a patent claim by an Australian scientific agency.