Toshiba’s Shares Rise on Expected Death of HD-DVD
With Toshiba’s shares surging on reports that it is about to kill HD-DVD off, the invisible fist makes its position clear: Get it over with.
Toshiba rose 6 percent this morning on reports that it was about to bury the high-definition disk format, axed last week by Wal-Mart and Netflix. Investors are happy to see the company uncouple itself from the technology. From MarketWatch:
"Although it would be a blow to Toshiba’s prestige, not to mention its balance sheet in terms of capital expenditure, investors savored the prospect of the company pulling out of the high-definition DVD segment to focus on other businesses."
Toshiba shares surge [MarketWatch]
Tags: pvp, DVD, AAC, lcd
