Toshiba statement: 'no decision has been made'

[viewsonic]

http://www.gamesindustry.biz/content_page.php?aid=33204

"The media reported that Toshiba will discontinue its HD DVD business. Toshiba has not made any announcement concerning this. Although Toshiba is currently assessing its business strategies, no decision has been made at this moment,"

[tolitzpogi]

Expect Toshiba stocks to drop 6% after this statement

- T

[BLJ]

- for now is says.

[eric89074]

The decision has already been made for Toshiba.

[Necropolis]

Maybe they've seen a massive boost in sales in the past few days and decided they can still win the format war.

[bigshynepo]

From the AP

Toshiba Corp. said Monday no decision has been made but acknowledged it had started a review of its HD DVD strategy. The comments follow a flurry of weekend Japanese media reports that the company was close to pulling the plug on the business.

A company official, speaking on condition of anonymity because she isn't authorized to speak on the matter, said a board meeting could be held as soon as Tuesday, where a decision is likely.

HD DVD is done.

[OmEN ZeeD]

Originally Posted by tolitzpogi

Expect Toshiba stocks to drop 6% after this statement

- T

Actually it rose 5% from what I've seen..

http://www.bloomberg.com/apps/news?p...aG4&refer=asia

[bluskiessmingatme]

I am getting f**king impatient with Toshiba! Who knows with Toshiba, maybe they were testing the waters, and increasing their stock worth, by having a company source "leak" the story? So many times, leaks are really arranged by companies to see what the public thinks before really announcing anything to the public one way or the other.

[BLU HD DEFENDER]

well someone better tell the toshiba person who talked to rueters news service that. geesh.
this is no different then warner saying they were staying format nuetral then pulling the rug out of everyones feet when it was least expected.

[Nomen Luni]

Originally Posted by bluskiessmingatme

I am getting f**king impatient with Toshiba! Who knows with Toshiba, maybe they were testing the waters, and increasing their stock worth, by having a company source "leak" the story? So many times, leaks are really arranged by companies to see what the public thinks before really announcing anything to the public one way or the other.

If what we've been told is right, it's all over in the next 24 hours.

[bluskiessmingatme]

I'll believe it when I see the body and hold a mirror to its mouth to see if it is still breathing.

[tolitzpogi]

Originally Posted by OmEN ZeeD

Actually it rose 5% from what I've seen..

http://www.bloomberg.com/apps/news?p...aG4&refer=asia

You don't understand... the stocks rose because of the possibility that Toshiba would QUIT HD DVD... if Toshiba reiterates that it won't yet, expect the same investors to become wary of Toshiba once again...

- T

[Grubert]

Originally Posted by tolitzpogi

You don't understand... the stocks rose because of the possibility that Toshiba would QUIT HD DVD... if Toshiba reiterates that it won't yet, expect the same investors to become wary of Toshiba once again...

- T

Exactly. From CNN:

Despite the reports, Toshiba's stock soared 5.7 percent to 829 yen ($7.69) in Tokyo as investors cheered the likely decision as lessening the potential damage in losses in the HD DVD operations, despite the blow to Toshiba's prestige.

[...]

Toshiba is expected to focus its resources on its other businesses, including computer chip production, such as flash-memory, which are used in digital cameras and cell phones.

The Nikkei, Japan's top business newspaper, reported in its Monday's editions that Toshiba plans to invest as much as 1.8 trillion yen ($16.7 billion) in two plants in Japan for its flash memory business for fiscal 2008, starting April 1. Toshiba said no decision has been made.

[Nomen Luni]

Originally Posted by tolitzpogi

You don't understand... the stocks rose because of the possibility that Toshiba would QUIT HD DVD... if Toshiba reiterates that it won't yet, expect the same investors to become wary of Toshiba once again...

- T

Only if they issued a flat denial - which we haven't got, and which we're not going to get. Non-denials such as "we haven't decided yet" aren't likely to trouble any but the most timid of investors.

[Beta-guy]

Originally Posted by RED&BLUE HD DEFENDER

well someone better tell the toshiba person who talked to rueters news service that. geesh.
this is no different then warner saying they were staying format nuetral then pulling the rug out of everyones feet when it was least expected.

it was hardly unexpected, rumors were running wild at the time (kinda like now) Blu-ray people were certain Warner was going Blu, while HD DVD people were certain Warner was going Red or staying neutral... now the rumors were saying that Warner would announce at CES, but it a couple days early is hardly a major shift in the rumor, I think the real damning thing though was the HD DVD guys canceled thier Sunday press conference... that hurt the image of HD DVD I think...