R E L A T E D   C O N T E N T

Free email newsletters




ADVERTISEMENT

Dropped HD DVD costs Toshiba $1bn

Losses mount as US chain offers $50 gift token to customers who backed format war loser

Clive Akass, Personal Computer World 19 Mar 2008
ADVERTISEMENT

Toshiba will have lost an estimated $665.5m (£330m) on its ill-fated HD DVD business in the year up to 21 March, the company says.

The loss is lower than some estimates but higher than that forecast by the company last October, according to the US trade magazine Twice.

Toshiba was the major backer of HD DVD but pulled out in February, tacitly conceding victory to the rival Blu-ray high-definition storage format.

HD DVD cost Toshiba £348.1m in the year up to March 29, 2006, so that it has lost $1bn on the technology in just two years.

The US Best Buy chain is offering a $50 gift token to customers who bought an HD DVD player from one of its stores before 22 February, Twice reports.


All Peripheral Devices
Tags: Hd Dvd, Blu Ray, Hd War, Toshiba, Hardware

Like this story? Spread the news by clicking below:

Post this to Delicious del.icio.us    Post this to Digg Digg this    Post this to reddit reddit!

Permalink for this story
R E A D E R   C O M M E N T S

M A R K E T P L A C E
Sponsored links
F E A T U R E D   J O B S
Sutton, Surrey, United Kingdom | Royal Marsden Hospital NHS Trust
  The Royal Marsden NHS Foundation Trust is a centre of excellence for research, development, education and care in the treatment of cancer. Analyst Programmers, Band 6, £23,458-£31,779 plus 15% HCAS, Sutton, Surrey We are ... more >
Milton Keynes, Buckinghamshire, United Kingdom | EDS
Job Description To be primarily an expert in a particular technology (Midrange UNIX), LINUX and use the knowledge to architect infrastructure solutions for clients. Role To produce customised midrange solutions for clients. Where solutioning cannot ... more >
London, United Kingdom | MI5
                                                                        Enterprise Infrastructure Architect, London Unique IT Architecture Opportunities MI5 is now recruiting for an Enterprise Infrastructure Architect with significant experience of IT Infrastructure solution design. As an Infrastructure Architect, you will ... more >
TWICKENHAM, United Kingdom | Rugby Football Union
RUGBYFIRST PROJECT MANAGER, TWICKENHAM, c. £40,000 per annum   12 month fixed term RugbyFirst, the most modern administration system in British sport, is a game-wide internet-based tool to help run rugby at all levels, with the ... more >
More job opportunities