Shrygue
March 13th, 2008, 19:25
via Gizmodo (http://gizmodo.com/367377/toshiba-takes-1-billion-hit-on-hd-dvd-still-turns-a-profit)
he Nikkei business daily is reporting that Toshiba will take a $986 million hit this year for its ill-fought HD DVD campaign, though somehow the manufacturing supergiant will manage to post a roughly $2.5 billion profit nonetheless, down from a projected $2.9 billion or so.
The estimated cost of HD DVD for the company this year was supposed to be closer to half a billion, but the halt in production means costly line changes and "other charges." Toshiba itself isn't saying a word yet, but damn if there ain't truth to this.
he Nikkei business daily is reporting that Toshiba will take a $986 million hit this year for its ill-fought HD DVD campaign, though somehow the manufacturing supergiant will manage to post a roughly $2.5 billion profit nonetheless, down from a projected $2.9 billion or so.
The estimated cost of HD DVD for the company this year was supposed to be closer to half a billion, but the halt in production means costly line changes and "other charges." Toshiba itself isn't saying a word yet, but damn if there ain't truth to this.