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]
Just out of curiosity, did anybody check whether the devaluation of the American dollar played into this at all…? Recent developments between the yen/dollar could be playing into that number, right?