Sony Corp. (SNE). The Japanese consumer electronics giant may have won the DVD-format war with Blu-ray technology after rival Toshiba Corp (TOSBF) said today it will withdraw from the the HD DVD business. Toshiba said it will stop developing new HD DVD players and recorders and will no longer make HD DVD players and recorders by the end of March 2008.
The move follows Wal-Mart's (WMT) announcement Friday it will shift exclusively to selling movies in the Blu-ray format. In the same week, major electronics seller Best Buy Co. Inc. (BBY) and online video rental giant Netflix Inc. (NFLX) declared their allegiance to Blu-ray.
This is a very interesting looking stock. They seem to be winning in various categories now...
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