I believe this is what they said about HD DVD not being dead

Todays press conference in Japan had Toshiba CEO comment on possible Blu-ray products now that they have discontinued HD DVD.

Toshiba CEO Nishida said Toshiba has "absolutely no plans" to make or sell Blu-ray players.

Wall Street Journal also writes, "Though the latest development is a huge setback, Mr. Nishida said Toshiba was still committed to electronics and it planned to rethink its vision for the business. In a hint of the direction the company might take, he said Toshiba might think about its role in the online video-downloading market more seriously. Toshiba has no plans to start selling Blu-ray players, he said."

As written in their press release, "Toshiba also intends to maintain collaborative relations with the companies who joined with Toshiba in working to build up the HD DVD market, including Universal Studios, Paramount Pictures, and DreamWorks Animation and major Japanese and European content providers on the entertainment side, as well as leaders in the IT industry, including Microsoft, Intel, and HP. Toshiba will study possible collaboration with these companies for future business opportunities, utilizing the many assets generated through the development of HD DVD."