Toshiba Buys A Billion Dollar HD DVD Player

$986 million to be more precise. Why so much? It’s the last one. That’s the projection for the cost to Toshiba to close up shop and retool its production line to make something else. It’s the final chapter for Toshiba’s ill-fated attempt to offer its HD DVD alternative to Sony’s Blu-ray high-definition disk player. Toshiba still turned a profit for their full fiscal year, although it was much smaller than anticipated, and that helped drive its stock price substantially lower after the report of the price tag

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