{"id":645,"date":"2008-03-13T14:21:03","date_gmt":"2008-03-13T14:21:03","guid":{"rendered":"tag:www.legitreviews.com:\/\/28a546f677f1bbf27e2616ce3a502bae"},"modified":"2008-03-13T14:21:03","modified_gmt":"2008-03-13T14:21:03","slug":"toshiba-faces-986-million-loss-on-hd-dvds","status":"publish","type":"post","link":"https:\/\/computerhunter.us\/?p=645","title":{"rendered":"Toshiba faces $986 million loss on HD DVDs"},"content":{"rendered":"

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. <\/p>\n

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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. <\/p>\n<\/blockquote>\n","protected":false},"excerpt":{"rendered":"

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. <\/p>\n

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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. <\/p>\n<\/blockquote>\n

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