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19:35 18 02 2008

Toshiba Gives Up On HD-DVD

Posted by: markgilbert in Hardware, Technology, tags: , ,

Reuters is reporting that Toshiba is giving up on the HD-DVD format and admitting defeat to Blu-Ray. Toshiba’s share price rose 5% on the enws with investors happy that Toshiba have decided to cut it’s losses after a last ditch price cut was unable to prevent Wal-Mart putting all it’s eggs in the Blu-Ray basket.

A Toshiba source who asked not to be named said

We have entered the final stage of planning to make our exit from the next generation DVD business,

Cheers

This entry was posted on Monday, February 18th, 2008 at 19:35 and is filed under Hardware, Technology. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

One Response to “Toshiba Gives Up On HD-DVD”
  1. Mark Gilbert's Blog » Was Not Including HD-DVD Drives With The 360 Elite A Mistake? says:
    February 25th, 2008 at 17:58 - Edit

    [...] we all know, Blu-Ray has fairly well won the HD DVD wars. It was included in the PS3 console which massivly increased it’s user base. I think it would [...]

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