Here's an interesting bit of news. At a recent shareholders' meeting, Toshiba President Atsutoshi Nishida announced that the company is still interested in developing a unified DVD format.
Toshiba Corp. (6502.T) said on Tuesday it would still like to develop a unified format for advanced optical DVD discs, but two competing -- and incompatible -- products are likely to hit the market at first.
Toshiba is a leading proponent of next-generation HD DVD optical disc technology, which competes with the Blu-ray standard promoted by Sony Corp (NYSE:SNE - news). (6758.T) and Matsushita Electric Industrial Co. (6752.T), a maker of Panasonic brand electronics.
"We have not given up on a unified format. We would like to seek ways for unifying the standards if opportunities arise," Toshiba President Atsutoshi Nishida told an annual shareholders' meeting.
This late in the game, we're not going to see a unified format. Both sides have already invested a lot of time and money developing and promoting Blu-ray and HD DVD. If you'd like to read more, the entire article can be found here.
