03.18.2008 08:03 AM
HD-DVD demise could cost Toshiba about $1 billion

When the accounting is complete, Toshiba may show a lost of nearly $1 billion on its development, production, marketing and the ultimate demise of its HD-DVD format, according to a report last week from a Japanese daily business paper.

Quoting a report in "The Nikkei," the Associated Press reported the company expects its losses to reach $498 million. However, the report said the decision to pull the plug on the format could actually result in losses of $995 million for the fiscal year ending March 31.

Last month, Toshiba said it would cease production and marketing of HD-DVD players.


Comments
Post New Comment
If you are already a member, or would like to receive email alerts as new comments are
made, please login or register.

Enter the code shown above:

(Note: If you cannot read the numbers in the above
image, reload the page to generate a new one.)

No Comments Found




Thursday 10:05 AM
NAB Requests Expedited Review of Spectrum Auction Lawsuit
“Broadcasters assigned to new channels following the auction could be forced to accept reductions in their coverage area and population served, with no practical remedy.” ~NAB

Sue Sillitoe, White Noise PR /   Tuesday 10:20 AM
Visual Unity Strengthens Its Marketing Team
Brian Galante /   Tuesday 11:49 AM
TNDV Mobile Production Fleet Grows with Elevation

 
Featured Articles
Discover TV Technology