Toshiba quits HD DVD business

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.

"We concluded that a swift decision would be best," Toshiba President Atsutoshi Nishida told reporters at his company's Tokyo offices.

It's over. All you Playstation 3 owners rejoice.

Link:
http://money.cnn.com/...