Blu-ray Steven Kippel on 19 Mar 2008

Toshiba's HD DVD exit costs $1-billion

Toshiba’s HD DVD exit costs $1-billion

Toshiba logoEven though Toshiba’s stock has been on the rise after they left HD DVD in the dust, they’re now predicting a loss of $666-million for FY2007.

Toshiba ditched their HD DVD business in February after Warner Bros. announced their plans to leave HD DVD and focus on Blu-ray Disc exclusively, leading to an industry-wide following including Netflix, Wal-Mart and Best Buy amongst others. With certain defeat in sight, Toshiba decided to cut their losses and focus on their existing DVD business as well as expanding their flash memory division.

They can use some extra development in flash memory as Toshiba is also expecting profits to be lower due to the falling prices. Together – with the losses of HD DVD and flash memory – Toshiba is facing $1-billion losses this year.

Hopefully they will be able to get past this quickly.

2 Responses to “Toshiba's HD DVD exit costs $1-billion”

  1. on 19 Mar 2008 at 11:38 AM 1.what said …

    i might buy a toshiba tv to watch my blu rays on, it appears I might have a merciful bone in my body.

  2. on 19 Mar 2008 at 4:41 PM 2.Wesley Novack said …

    A friend of mine has a nice 42″ 1080i Toshiba plasma. The display qualities are very good.

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