Toshiba eats 100 billion yen on HD DVD demise


Toshiba has posted a profit of 250 billion yen, but it could have tacked on another 50 billion to that total had it not been for the demise of HD DVD. The company was already slated to post a 50 billion yen loss for the year, but the demise of its high-def format means production lines changes and other augmentations, which will amount to a 100 billion yen ($1 billion US) loss. I’m personally bummed, but you’re still in the money, Toshi. Lets focus on that. Time to move on.

Toshiba faces $986 mln loss on HD DVDs: Nikkei [Reuters]