At a board meeting today in Tokyo, Toshiba decided it would abandon the HD DVD format. A rival blue-laser optical disc technology to Blu-ray Disc, HD DVD was locked in a struggle with Blu-ray to become the next-generation heir to the booming $24 million DVD business (see our timeline of the format war ). The format war stretched back to the year 2002, when backers of both formats unveiled their plans for blue-laser-based optical discs. Toshiba's chief executive Atsutoshi Nishida, addressed assembled media in Tokyo after the board meeting during which the company pulled the plug on its HD DVD support. At the press conference, Nishida noted that the decision to pull out of the HD DVD market was a difficult one, "but when we thought about the trouble we would cause to consumers and our partners, we decided it was not right for us to keep going with such a small presence." Existing HD DVD players will continue to have support, says Toshiba, although for how long was unclear...