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Tuesday, February 19, 2008

Blu-ray set to be DVD standard after Toshiba white flag

Sony's Blu-ray looks set to become the standard for high-definition DVDs after Toshiba signalled Monday that it may give up in a long-running format battle, to the relief of investors.

Japan's Toshiba conceded defeat Tuesday to rival Sony in a long-running DVD format war, ending consumer confusion but leaving about one million people with expensive machines doomed to become obsolete.

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Words borrowed from Dr. Alexander Elder:

Trading is so exciting that it often makes amateurs feel high ...Nobody can get high and make money at the same time.

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