While entering a format war is still worthy of a cautionary tale or two -- Sony, you may have been on a winning side this time, but we remember Betamax -- Toshiba appears to have escaped the fall of HD DVD a bit more intact than expected. Its official forecast for the financial year shows a loss of 65 billion yen ($669 million U.S.), a bit less than the ¥100b/ $1b U.S. figure anticipated last week. Unfortunately, the company as a whole is expecting slightly lower profits, so former red campers may not want to light cigars just yet.

Update: That's actually 65 billion yen PLUS an additional one-time charge of 45 billion yen for a grand total ¥110b ($1.12 billion) going the wrong way in 2007's books. Hey Toshiba, uh, you guys want a Best Buy gift card?

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Toshiba projects $669 million loss on HD DVD (and $459 million more)