Toshiba: "no plans" to adopt Blu-ray

In the Q&A session following Toshiba's HD DVD dumping event in Japan, Atsutoshi Nishida, President and CEO of Toshiba Corporation made a bit of a surprise announcement. While it remains committed to standard DVD, they have "no plan at all at this moment" to take up the Blu-ray format. He also stated that Tosh has no plans for a next-next gen format at all. Perhaps they are just licking their wounds until HD downloads become a reality.