Thu, Mar 13, 2008 | 16:39 GMT
Toshiba to take $1 billion hit on HD-DVD
The Nikkei’s reporting the Toshiba is likely to write down just under $1 billion in its failed war on Blu-ray. The company has refused to comment on the report, which has hit the firm’s share price to the tune of 2.3 percent. Toshiba is still expected to post a 250 billion yen operating profit for the year, despite the decision to ditch HD-DVD.