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Toshiba denies HD DVD speculation


February 19, 2008 "There have been many reports in the media over the weekend, but Toshiba has not made a decision on the future of the HD DVD and we are currently assessing the market and reviewing future strategy," company spokeswoman Junko Furuta said. The statement followed Wal-Mart's Friday announcement that it plans to stop selling HD DVD players in its 4,000 U.S. stores. The company's HD machines have been slipping behind the rival Blu-ray Disc format championed by Sony Corp., Matsushita Electric Industrial Co., Hitachi Ltd., Sharp Corp. and five major Hollywood movie studios.

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