Toshiba lowered its earnings forecast for this fiscal year on Wednesday, blaming the reduction in part on 45 billion yen ($460 million) in costs associated with pulling the plug on its HD DVD next-generation video business.

Toshiba also said it would rack up a 65 billion yen ($666 million) operating loss in its HD DVD business.

Last month, Toshiba acknowledged defeat in the battle to establish an industry standard for high-definition video, handing victory to the competing Blu-ray disc format. Toshiba said it will no longer develop, make or market HD DVD players and recorders. Read the rest of this entry »

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Those who have heard of XDrive before would have remembered it.  In the days before YouSendIt, XDrive was the best free way to share files over the Internet.

Then XDrive began to charge.  Now it belongs to AOL (America On-Line).

Now Microsoft is eyeing to offer a free half-TB (Terabyte) drive on the Internet via their free “Live” space.  It’ll be known as Windows Live Drive or Folders so far.

So far it’s only being made available to selected beta testers, but expect news soon on the Windows Live Space about this free 500GB Internet drive.  With Google, Yahoo, and Microsoft offering Gigabytes of mail storage, the next step would be to offer free Internet storage, and it looks like Microsoft might be the first there.

Source : Yahoo News (Yeah, it’s ironic isn’t it?)

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