HDTV News Poster
03-20-2008, 06:56 AM
<p>Filed under: <a href="http://www.engadget.com/category/hdtv/" rel="tag">HDTV</a>, <a href="http://www.engadget.com/category/homeentertainment/" rel="tag">Home Entertainment</a></p><div align="center"><a href="http://www.toshiba.co.jp/about/press/2008_03/pr1901.htm"><img vspace="4" hspace="4" border="1" alt="" src="http://www.engadgethd.com/media/2006/11/hd-e1-34r2-ref-a5i-lg.jpg" /></a><br /></div>
While entering a <a href="http://www.engadget.com/tag/formatwar">format war</a> is still worthy of a cautionary tale or two -- Sony, you may have been on a winning side this time, but we remember Betamax -- Toshiba appears to have escaped the fall of HD DVD a bit more intact than <a href="http://www.engadgethd.com/2008/03/12/toshiba-swallows-a-billion-dollars-on-hd-dvd/">expected</a>. Its official forecast for the financial year shows a loss of 65 billion yen ($669 million U.S.), a bit less than the ¥100b/ $1b U.S. figure anticipated last week. Unfortunately, the company as a whole is expecting slightly lower profits, so former red campers may not want to light cigars just yet.<br /><br /><strong>Update</strong>: That's actually 65 billion yen PLUS an additional one-time charge of 45 billion yen for a grand total ¥110b ($1.12 billion) going the wrong way in 2007's books. Hey Toshiba, uh, you guys want a <a href="http://www.engadget.com/2008/03/19/best-buy-offers-hd-dvd-owners-50-gift-card-trade-in-shoulder/">Best Buy gift card</a>?<p style="clear: both; padding: 8px 0 0 0; height: 2px; font-size: 1px; border: 0; margin: 0; padding: 0;">*</p><p><a href="http://www.toshiba.co.jp/about/press/2008_03/pr1901.htm">Read</a> | <a href="http://www.engadget.com/2008/03/19/toshiba-projects-669-million-loss-on-hd-dvd/" rel="bookmark" title="Permanent link to this entry">Permalink</a> | <a href="http://www.engadget.com/forward/1143795/" title="Send this entry to a friend via email">Email this</a> | <a href="http://www.engadget.com/2008/03/19/toshiba-projects-669-million-loss-on-hd-dvd/#comments" title="View reader comments on this entry">Comments</a></p>
Link To Original Article (http://www.engadget.com/2008/03/19/toshiba-projects-669-million-loss-on-hd-dvd/)
While entering a <a href="http://www.engadget.com/tag/formatwar">format war</a> is still worthy of a cautionary tale or two -- Sony, you may have been on a winning side this time, but we remember Betamax -- Toshiba appears to have escaped the fall of HD DVD a bit more intact than <a href="http://www.engadgethd.com/2008/03/12/toshiba-swallows-a-billion-dollars-on-hd-dvd/">expected</a>. Its official forecast for the financial year shows a loss of 65 billion yen ($669 million U.S.), a bit less than the ¥100b/ $1b U.S. figure anticipated last week. Unfortunately, the company as a whole is expecting slightly lower profits, so former red campers may not want to light cigars just yet.<br /><br /><strong>Update</strong>: That's actually 65 billion yen PLUS an additional one-time charge of 45 billion yen for a grand total ¥110b ($1.12 billion) going the wrong way in 2007's books. Hey Toshiba, uh, you guys want a <a href="http://www.engadget.com/2008/03/19/best-buy-offers-hd-dvd-owners-50-gift-card-trade-in-shoulder/">Best Buy gift card</a>?<p style="clear: both; padding: 8px 0 0 0; height: 2px; font-size: 1px; border: 0; margin: 0; padding: 0;">*</p><p><a href="http://www.toshiba.co.jp/about/press/2008_03/pr1901.htm">Read</a> | <a href="http://www.engadget.com/2008/03/19/toshiba-projects-669-million-loss-on-hd-dvd/" rel="bookmark" title="Permanent link to this entry">Permalink</a> | <a href="http://www.engadget.com/forward/1143795/" title="Send this entry to a friend via email">Email this</a> | <a href="http://www.engadget.com/2008/03/19/toshiba-projects-669-million-loss-on-hd-dvd/#comments" title="View reader comments on this entry">Comments</a></p>
Link To Original Article (http://www.engadget.com/2008/03/19/toshiba-projects-669-million-loss-on-hd-dvd/)