Dow Jones Newswires is reporting today that Toshiba and NEC are planning to propose a new optical disk format to the DVD Forum that will offer four times more storage capacity than current DVDs. In February, a consortium of nine companies, including Sony and Matsushita, announced a new format that would offer 50GB of data storage. While the Toshiba/NEC option is smaller at 40GB, it is cheaper to produce. The two disc formats will not be compatible.
