Toshiba swallows a billion dollars on HD DVD

Ryan Block
R. Block|03.13.08

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Ryan Block
March 13th, 2008
Toshiba swallows a billion dollars on HD DVD
There are spicy meatballs, and there are spicy meatballs -- and now there's a figure that will be tossed around for decades to come, one which will instantly represent the caution companies should take when embarking on another format war: a billion dollars. At least that's what Nikkei is reporting that Toshiba's losses on HD DVD totaled in 2007 alone: a ¥100b, or about $982m USD. It won't drive Toshiba under or anything, but you seriously have to ask yourself, was it really all worth it? [Warning: subscription req'd]

[Via Reuters]
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