Investors cheer as Toshiba nears HD DVD surrender
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Investors cheered an impending end to a  format war for next-generation DVDs on Monday, pushing up  shares of both Toshiba, on the verge of abandoning its HD DVD  discs, and Sony, the leader of the rival Blu-ray camp.
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TOKYO -- 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.
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Reuters confirms Toshiba will cease manufacturing HD-DVD equipment, which leaves Blu-Ray as the presumptive victor in the irrelevant optical disk format war. Rob Beschizza reports in his Gadget Lab blog.
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Toshiba Corp  said on Sunday its HD DVD high-definition video format is not dead despite being dealt a big setback by Warner Bros studio's decision to exclusively back Sony Corp's  rival Blu-ray technology.
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Toshiba Corp. on Monday said it had won  support for the HD DVD optical disc standard from four  Hollywood studios, advancing its cause in the battle for the  next-generation DVD.
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TOKYO: Toshiba said on Monday it had won support for the HD DVD optical disc standard from Paramount Pictures, Universal Pictures, Warner Bros.
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Toshiba Corp. on Monday announced an aggressive campaign to bolster its HD DVD movie disc format against Sony-backed Blu-ray technology, cutting prices on players to as low as $149.99.
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Toshiba Corp is planning to give up on  its HD DVD format for high-definition video, conceding defeat  to the competing Blu-Ray technology backed by Sony Corp, a  company source said on Saturday.
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Toshiba Corp  is planning to give  up on its HD DVD format for high-definition video, conceding  defeat to the competing Blu-Ray technology backed by Sony Corp  , a company source said on Saturday.
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Toshiba shares gain more than 5% on speculation the firm is about to shelve its high definition DVD format.
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An impending end to a format war over  next-generation DVDs boosted shares in both victorious Sony, in  the Blu-ray corner, and Toshiba, in the losing HD DVD camp, on  Monday as consumers cheered an end to confusion over which  discs will carry high-definition movies.
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More than a week after  being dealt a potentially mortal blow by the defection of  Warner Home Video to the Blu-ray Disc camp, HD DVD developer  Toshiba is striking back.
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Troubled format doomed, claim Japanese moles Toshiba's board of directors will this week meet to put and end to the company's production of HD DVD machines, it has been claimed.â¦
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Investors showed faith in the sharemarket in early trading today in the aftermath of yesterday&#39;s liquidation of Wellington-based discount broker Access Brokerage.
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With eBay&#39;s stock lingering near an all-time high of $96.60, investors have been holding their collective breath since the third quarter closed Sept.
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Toshiba remains defiant about the future of its HD DVD format at CES saying it's a long way from dead despite Time Warner's backing of rival Blu-Ray.
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Investors are greeting the rally with more relief than euphoria, noting that the broader stock market has yet to find its way back to previous highs.