Legit News
Toshiba faces $986 million loss on HD DVDs
Japan's Toshiba is likely to book a $986 million loss in its high-definition DVD business and post a full-year operating profit of about $2.44 billion, falling short of its outlook, the Nikkei business daily said Thursday. Shares of Toshiba opened down 2.3 percent at 717 yen ($7) on the report.
Toshiba's decision to pull the plug on HD DVDs will entail production line changes and other charges that would double the 50 billion yen ($488.5 million) loss the electronics group had previously expected this business year on next-generation DVDs, the Nikkei said. "We did not announce this, and therefore we cannot comment," a Toshiba representative said.
Posted by | Thu, Mar 13, 2008 - 09:21 AM
Search
Hot Topics
- ThinkGeek Unveils iCADE 8-Bitty at Toy Fair 2012
- OCZ Vertex Plus 120GB SATA II SSD For $90 Shipped AR
- ASRock Extreme 9 Motherboard Review
- GPU-Z v0.5.9 Released
- February 13, 2012 News from Around the Web
- mobile i7 security
- Sandy Bridge Overclocking Question(s)
- Intel settles New York antitrust case for $6.5 Million
- PowerColor HD7970 w/ Dual Fan Cooler Announced
- AMD Radeon HD 7950 3GB CrossFire Review
Socialize