Last night Toshiba President Atsutoshi Nishida officially announced that his company would no longer develop, make or market HD DVD players. “We concluded that a swift decision would be best,” he said.

Later this week, Toshiba are expected formally announce that they have lost the HD DVD war. An unnamed source within the company has indicated that Toshiba are currently planning their exit from the next generation DVD business. 
Since Warner’s announcement that they would drop support for HD-DVD at the start of the year, U.S. majors […]