"According to Japanese broadcasting network NHK, Toshiba will lose 'hundreds of millions of dollars' as the format war finally draws to a close. Regardless, investors are pleased that Toshiba has made the decision to cut its losses. This comes after a last-ditch price cut was unable to prevent Wal-mart from throwing their lot in with Blu-ray, although some sources suggest that Wal-mart was already aware of Toshiba's plans to withdraw from fight."

-slashdot.org

Labels: Technology