Signal taps: HD-DVD is out!
Subject: General Tech | February 19, 2008 - 03:34 PM | Ryan Shrout
If could embed the song here, I would...
After days of intense speculation,
Toshiba today officially announced that it will exit the HD DVD business.
According to the press release, Toshiba decided after a thorough review of its
overall strategy it will no longer develop, manufacture and market HD DVD
players and recorders.
Toshiba cited the recent changes in market conditions as the
impetus behind the firm’s decision, in hopes for a healthier high-definition
future. “We carefully assessed the long-term impact of continuing the so-called
'next-generation format war' and concluded that a swift decision will best help
the market develop,” said Atsutoshi Nishida, President and CEO of Toshiba
The Japanese company, however, said that it still believes
in its product and continue to support others behind it. Toshiba will continue to
provide full product support and after-sales service for all owners of Toshiba
HD DVD products.