[Webb]

TOKYO (Reuters) - Japanese electronics giants Toshiba Corp and NEC Corp said on Thursday they have proposed a cheaper type of high-capacity DVD incompatible with a format advanced by Sony Corp ( news - web sites) and others.
NEC and Toshiba said they submitted their format to the DVD Forum, an industry group of more than 230 companies that defines DVD format specifications and aims to promote DVD use.

The format would be incompatible with the Blu-ray standard for blue-laser DVDs unveiled in February by Sony, Panasonic maker Matsushita Electric Industrial Co and seven other electronics giants from Japan, South Korea ( news - web sites) and Europe.

Just what we need. Another DVD format. eek: