Toshiba shares surge ahead of HD DVD abandonment

While owners of new HD DVD gear might be miffed at Toshiba's plans to scrap their HD DVD format, investors are stoked. Toshiba's shares are up nearly 6% in mid-day Tokyo trading on unusually high volume. A clear sign from investors that it's time for Toshiba to cut its HD DVD losses and run. Now go ahead Toshiba -- investors, consumers, retailers, and the content owners all agree that it's high time to end this format war once and for all. We're all just waiting for you to make it official.

[Thanks, Karl]