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NME Denies Rumors
This is a Press Release edited by StorageNewsletter.com on Mon, April 14th, 2008
Last edited 2008/04/15
That EU officials have confiscated moneys from Sony and Microsoft and subsequently provided to NME.
This coverage further goes on to state that "representatives from both Sony and Microsoft denied any payoffs to each other, but it's been rumored that the money was confiscated by EU officials who wanted to promote fair competition by subsidizing NME, makers of the HD-VMD format."
In response to this recent press coverage NME would like to stress that it is not aware of, or party to any such activities by Sony, Microsoft or any actions by the authorities within the European Union in this regard.
Geoff Russell, NME's Acting CEO stated today, "We cannot be sure where these rumors started or why, only to say that we have had no contact with EU Authorities in this respect. However, the NME management team cannot deny that we have watched the blue laser debate with interest and that Toshiba's withdrawal changes nothing for the majority of disc replicators and DVD based OEMs in the world, since the capital cost and risk of migrating to blue laser technologies in a market that has a finite life is nonsensical."
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