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Toshiba Reportedly Prepping to Dump HD DVD Production

18 Feb, 2008 By: Thomas K. Arnold

After initially denying widespread media reports that it was dumping HD DVD, Toshiba is reportedly gearing up for an official announcement Tuesday that it is, in fact, planning to end production and sales of HD DVD players, reliable sources say.

Japan's Nikkei business daily says Toshiba also will announce plans to build new NAND factories in an effort to overtake Korea's Samsung Electronics Co. as the world's No. 1 manufacturer of NAND flash memory.

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