Toshiba: Still Backing HD DVD -- For Now

Posted Mon Feb 18, 2008 at 10:30 AM PST

Toshiba is denying weekend press reports that it has decided to drop its HD DVD support, saying that the company is "currently assessing its business strategies," but that no final decisions have been made.

In an official statement issued this morning, Toshiba said, "The media [has] reported that Toshiba will discontinue its HD DVD business. Toshiba has not made any announcement concerning this. Although Toshiba is currently assessing its business strategies, no decision has been made at this moment."

Meanwhile, in a separate report Monday morning, the Associated Press quoted an unnamed Toshiba official as saying that a board meeting could be held as soon as Tuesday, where a decision is likely.

As we've previously reported, the HD DVD camp suffered a series of high-profile blows last week, as three top retailers -- Netflix, Best Buy and Wal-Mart -- each announced plans to endorse the rival Blu-ray format.

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