DVD failure to cost Toshiba nearly a billion dollars
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Toshiba Corp. is expected to see total HD DVD losses balloon to as much as 100 billion yen (985.61 million dollars), the Nikkei business daily said, without identifying its sources.
Toshiba declined to confirm specific figures.
“The company is currently assessing the possible losses,” a Toshiba spokeswoman said. “If we need to revise an earnings report, we will make an announcement at an appropriate time.”
Toshiba conceded defeat last month in a long-running DVD format war, clearing the way for the Blu-ray format developed by Sony and its partners to become the industry standard for next-generation discs.
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