Toshiba president says company will press ahead with HD DVD

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Toshiba president says company will press ahead with HD DVD

Toshiba Corp. said on Wednesday that no unified format for a next-generation DVD is likely before its year-end launch of advanced DVD players, a development that could confuse users and hinder industry growth.

Japanese electronics makers Toshiba and Sony Corp., leading rival camps, have waged a three-year battle to have their different standards adopted for new DVDs, which promise much greater capacity for high-definition movies.

Read the complete story(Reuters)