Fuh Yuan retracts $299 Wal-Mart HD DVD statement {Engadget HD}

Apr 27th 2007 8:20AM More news to support HD DVD hardware sales:
http://www.forbes.com/technology/feeds/afx/2007/04/25/afx3653006.html

Also Sony's father of the PS3 has been forced to resign.

Below is from today's Wall Street Journal

"While many game executives say Mr. Kutaragi's ambitious vision with PlayStation 3 still could pay off, the console is in an unexpectedly weak position compared with less expensive systems from Microsoft Corp. and Nintendo Co. In March, U.S. retailers sold 259,000 Nintendo Wii consoles, 199,000 Microsoft Xbox 360s and 130,000 PlayStation 3s, according to NPD Group Inc.

Instead of being the hoped-for cornerstone of a recovery for Sony, videogame-related losses for Sony's year ended in March are expected to amount to $2 billion, or double original forecasts. That is expected to drag down the company's overall performance despite improvements in other businesses, such as televisions. Sony will report full-year earnings next month."

Couple this with the fact Toshiba is willing to license their technology to Chinese manufacturers (affordable hardware). Sony is losing tons of money because of the failed launch of the PS3 ($2billion instead of $1billion projected loss).

Rob Enderle's article makes sense:
http://news.digitaltrends.com/talkback184.html