Las Vegas - Consumer electronics firm Toshiba plans to introduce a TV set-top box that will be able to record up to six HD channels at the same time, as well as raise their apparent resolution, the Associated Press reported. The set-top, which will be powered by the same Cell processor used in Sony's PlayStation 3, will be sold along with a flat-panel LCD TV later this year in Japan for between $5,000 and $10,000, Scott Ramirez, VP of marketing for Toshiba America Consumer Products, told AP.

Foster City, Calif. - Sony Computer Entertainment America on Thursday cut $100 off the price of its 80GB PlayStation 3 in the U.S., which will now sell for $499, and also said it will begin selling the new 40GB model for $399, beginning Nov. 2.

Newport Beach, Calif. - Sony has been sued for patent infringement by Newport Beach, Calif.-based Parallel Processing Corporation, which claims the Cell processor that powers the company's PlayStation 3 video game console infringes its 1991 patent.

Foster City, Calif. - Sony Computer Entertainment America announced on Tuesday that it will offer its next software update for the PlayStation 3 on March 22, which will add features including Folding@home, a project that will allow Stanford University to utilize participating PS3 owners' computing power for medical research.

Tokyo - Sony plans to significantly reduce spending on the Cell processors that power its PlayStation 3 video game console, and may begin outsourcing all production, a senior executive said on Tuesday, Reuters reported.