Re: Its Official

Rog' wrote:
Toshiba quits HD DVD business
By YURI KAGEYAMA, AP Business Writer 46 minutes ago

Toshiba said Tuesday it will no longer develop, make or market
HD DVD players and recorders, handing a victory to rival Blu-ray
disc technology in the format battle for next-generation video.

"We concluded that a swift decision would be best," Toshiba
President Atsutoshi Nishida told reporters at his company's Tokyo
offices. The move would make Blu-ray - backed by Sony Corp.,
Matsushita Electric Industrial Co., which makes Panasonic brand
products, and five major Hollywood movie studios - the winner in
the battle over high-definition DVD formatting that began several
years ago.

Nishida said last month's decision by Warner Bros. Entertainment
to release movie discs only in the Blu-ray format made the move
inevitable. "That had tremendous impact," he said. "If we had
continued, that would have created problems for consumers, and
we simply had no chance to win."





http://abcnews.go.com/International/wireStory?id=4309219



--
jer
email reply - I am not a 'ten'
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