Toshiba blanks HD-DVD death reports as shares surge on the news

By Patrick Garratt, Monday, 18 February 2008 11:25 GMT

Toshiba has issued a statement saying that the fat lady hasn’t sung quite yet on HD-DVD, despite reports from both NHK and Reuters to the contrary.

“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.

Sometimes we include links to online retail stores. If you click on one and make a purchase we may receive a small commission. For more information, go here.

Comments

Headlines

Death Of Hddvd

  • Sony shares rise on HD-DVD death

    According to this, Sony’s shares rose up to 5 percent on the NYSE this morning on the news that Toshiba has pulled out of the next gen movie disc race. “We believe Blu-ray’s victory could drive market share gains for the PS3, as we believe consumers will now be more willing to pay up (versus […]

  • HD-DVD demise will cause PS3 sales boost, say analysts

    According to this, this morning’s HD-DVD cancellation is likely to push PS3 sales up 10 percent in the short-term and lay the way clear for a heavy increase in sales this holiday, as predicted by videogaming247. “Longer term, I think it’s a huge boon for Sony, as most retail clerks will be instructed to push […]

HD DVD

  • Sony shares rise on HD-DVD death

    According to this, Sony’s shares rose up to 5 percent on the NYSE this morning on the news that Toshiba has pulled out of the next gen movie disc race. “We believe Blu-ray’s victory could drive market share gains for the PS3, as we believe consumers will now be more willing to pay up (versus […]

  • HD-DVD demise will cause PS3 sales boost, say analysts

    According to this, this morning’s HD-DVD cancellation is likely to push PS3 sales up 10 percent in the short-term and lay the way clear for a heavy increase in sales this holiday, as predicted by videogaming247. “Longer term, I think it’s a huge boon for Sony, as most retail clerks will be instructed to push […]

Hddvd

  • Sony shares rise on HD-DVD death

    According to this, Sony’s shares rose up to 5 percent on the NYSE this morning on the news that Toshiba has pulled out of the next gen movie disc race. “We believe Blu-ray’s victory could drive market share gains for the PS3, as we believe consumers will now be more willing to pay up (versus […]

  • HD-DVD demise will cause PS3 sales boost, say analysts

    According to this, this morning’s HD-DVD cancellation is likely to push PS3 sales up 10 percent in the short-term and lay the way clear for a heavy increase in sales this holiday, as predicted by videogaming247. “Longer term, I think it’s a huge boon for Sony, as most retail clerks will be instructed to push […]