Original URL: http://www.reghardware.co.uk/2008/02/18/tosh_shares_jump/
Toshiba shares jumped more than six per cent today as investors voiced their approval of the company's alleged decision to abandon the HD DVD optical disc format.
There's still no word from the company on claims made this weekend that its board will meet this week to formally accept defeat in the HD format war (http://www.reghardware.co.uk/2008/02/17/tosh_drop_hd_dvd_claim/), but when the Tokyo stock exchange opened this morning, Toshiba shares began gaining value.
From an opening price of ¥784, Toshiba shares quickly peaked at ¥837, a 6.7 per cent increase. Trading continued, and the stock is currently 5.7 per cent up on the opening price to ¥829.
Sony, the company leading the efforts behind HD DVD's rival format, Blu-ray Disc, saw its shares rise more than one per cent during the day.
So far, Toshiba has said only that no decision on the future of HD DVD has yet been made. However, it did concede that it is indeed having to reconsider its plans, citing this year's announcements from Warner Home Video, and US retail giants Best Buy and Wal-Mart, to adopt Blu-ray Disc exclusively.
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http://www.reghardware.co.uk/2008/02/22/toshiba_zf_lcd_tv/
Entry-level and mid-range TV market targeted by Toshiba (22 February 2008)
http://www.reghardware.co.uk/2008/02/22/toshiba_cv_xv_lcd/
HD DVD firesale begins on eBay (20 February 2008)
http://www.reghardware.co.uk/2008/02/20/ebay_to_be_swamped_with_hd_dvd/
Official: Toshiba discontinues HD DVD (19 February 2008)
http://www.reghardware.co.uk/2008/02/19/tosh_drops_hd_dvd/
It's official: Toshiba surrenders to Blu-ray (19 February 2008)
http://www.reghardware.co.uk/2008/02/19/toshiba_surrenders_to_blu_ray/
Toshiba's board to kybosh HD DVD this week? (17 February 2008)
http://www.reghardware.co.uk/2008/02/17/tosh_drop_hd_dvd_claim/
Wal-Mart blogger claims retailer will ditch HD DVD (15 February 2008)
http://www.reghardware.co.uk/2008/02/15/wal_mart_to_drop_hd_dvd/
Mole claims Toshiba to terminate HD DVD (15 February 2008)
http://www.reghardware.co.uk/2008/02/15/tosh_hd_dvd_death_claim/
Euro Blu-ray movie sales reach 2.37m discs (15 February 2008)
http://www.reghardware.co.uk/2008/02/15/blu_ray_disc_sales_in_europe/
Netflix falls in behind Blu-ray (11 February 2008)
http://www.reghardware.co.uk/2008/02/11/netflix_blu_ray/
HD DVD fights back in the US (30 January 2008)
http://www.reghardware.co.uk/2008/01/30/npd_group_hddvd/
Woolworths stores to stop selling HD DVD (28 January 2008)
http://www.reghardware.co.uk/2008/01/28/woolworths_exclusively_backing_blu_ray/