Mon, Feb 18, 2008 | 11:25 GMT
Toshiba blanks HD-DVD death reports as shares surge on the news
“The media reported that Toshiba will discontinue its HD-DVD business,” said a spokesperson. “Toshiba has not made any announcement concerning this. Although Toshiba is currently assessing its business strategies, no decision has been made at this moment.”
Toshiba’s shares are up 6 percent in Japanese trading today, pushed by the news that Toshiba is making a sensible exit from a potentially damaging contest with Blu-ray in the next gen disc space. A final announcement from Toshiba is expected on Tuesday.