Toshiba forecasts $665.5M HD DVD loss

FROM TWICE: Lower than published reports, higher than last estimate

By Steve Smith of TWICE -- Video Business, 3/19/2008

MARCH 19 | FROM TWICE: Toshiba is forecasting a $665.5 million operating loss in HD DVD business for fiscal year 2007, which will end March 31.

That is lower than some published reports from anonymous sources saying the loss from HD DVD alone would be close to $1 billion for the year, but higher than the previous forecast on Oct. 29, 2007, of a $511.9 million operating loss for HD DVD. The operating loss for the format during fiscal year 2006 was $348.1 million.

Read the full story on TWICE.com.

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