Toshiba shares surge on HD DVD talk

Investors in Tokyo welcomed news reports that Toshiba is considering pulling the plug on HD DVD by pushing the company's shares up 5 percent in morning trading.

Investors in Tokyo welcomed news reports that Toshiba is considering pulling the plug on its HD DVD format by pushing the company's shares up 5 percent in Monday trading.

At the market close Toshiba shares were trading at YEN 829 (AUD$8.34), up YEN 45 on Friday's close. The overall market, as measured by the Nikkei 225 index, was only slightly higher on the day.

Toshiba has been ploughing money into promoting the format for the last two years to battle stiff competition from Blu-ray Disc, a rival format backed by Sony. To promote sales Toshiba has also been deeply discounting players but the last few weeks have seen HD DVD's chances of victory substantially reduced.

In January Warner Bros. said it would drop HD DVD later in the year leaving the format with only Paramount and Universal among major studios. Then last week Netflix, Best Buy and Wal-Mart all said they would soon stop selling HD DVD discs.

Japanese television reported that Toshiba has stopped production at its factory in Japan and is currently considering HD DVD's future.

Join the newsletter!

Or
Error: Please check your email address.
Rocket to Success - Your 10 Tips for Smarter ERP System Selection
Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Martyn Williams

IDG News Service
Show Comments

Brand Post

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Andrew Teoh

Brother MFC-L9570CDW Multifunction Printer

Touch screen visibility and operation was great and easy to navigate. Each menu and sub-menu was in an understandable order and category

Louise Coady

Brother MFC-L9570CDW Multifunction Printer

The printer was convenient, produced clear and vibrant images and was very easy to use

Edwina Hargreaves

WD My Cloud Home

I would recommend this device for families and small businesses who want one safe place to store all their important digital content and a way to easily share it with friends, family, business partners, or customers.

Walid Mikhael

Brother QL-820NWB Professional Label Printer

It’s easy to set up, it’s compact and quiet when printing and to top if off, the print quality is excellent. This is hands down the best printer I’ve used for printing labels.

Ben Ramsden

Sharp PN-40TC1 Huddle Board

Brainstorming, innovation, problem solving, and negotiation have all become much more productive and valuable if people can easily collaborate in real time with minimal friction.

Sarah Ieroianni

Brother QL-820NWB Professional Label Printer

The print quality also does not disappoint, it’s clear, bold, doesn’t smudge and the text is perfectly sized.

Featured Content

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?