Toshiba president and CEO Akio Ozaka opened the session noting that HD DVD titles enjoyed their strongest sales in the recent fourth quarter.
"This why we're surprised about Warner's plan to abandon HD DVD," said Ozaka. "They made this decision despite significant momentum HD DVD has made. We are in the belief that HD DVD is a format that best suits the needs of consumers.
HD DVD players, including standalones and Xbox 360 drives, have sold 1 million units to date since launch, proof of the format's strength, added Toshiba VP marketing Jodi Sally.
Sally admitted being saddened by Warner's exit from HD DVD. "This is a tough day for me," she said. "I fully expected to share with you past successes of HD DVD. But the events of the last few days have shifted my comments. I firmly believe that HD is the best format for consumers."
She called out the continued distinction that HD DVD enjoys over Blu-ray with the only released software with Web-enabled features. Due mostly, to relatively cheaper pricing, Toshiba standalones were dominant over other BD set-tops during Black Friday week.
She indicated Toshiba would continue marketing its HD DVD hardware through 2008. "The pundits are declaring the format dead, but we've been declared dead before," Sally said.