Toshiba shares surge on expected HD-DVD exit

Shares in Toshiba jumped 6 per cent in Tokyo on speculation that the Japanese electronics giant it is about to abandon its HD-DVD standard of next-generation DVDs.Toshiba confirmed today that it is considering exiting the high-definition DVD business in the wake of a host of media reports that it is primed to concede defeat to Sony’s Blu-ray DVD format.

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