Toshiba's HD DVD loss not quite $1 billion

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Previous rumors indicated that Toshiba would eat a $1 billion loss from the demise of HD DVD, but that seemed to have been exaggerated as Toshi has reported a loss of $653 million. They’re still turning a profit this year, though.

Toshiba Cuts Profit Target 31% on Chip Prices, HD DVD (Update2) [Bloomberg]

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