Financial Times FT.com

Toshiba’s withdrawal from costly battle welcomed

By Mariko Sanchanta in Tokyo

Published: February 19 2008 20:23 | Last updated: February 19 2008 20:23

Analysts and investors believe Toshiba’s capitulation was wise, ending a costly battle that was racking up mounting losses within the company.

The group’s shares rose nearly 6 per cent on Monday after rumours of its withdrawal from HD-DVD became widespread, and on Tuesday they were flat following official confirmation.

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