Back and Forward -- Toshiba reeling...

Of course, all this video content can be conveniently transferred to Sony’s Blu-ray DVDs, which have won the format war over rival Toshiba’s HD DVD format. Toshiba intends to book a one-time loss of ¥45 billion due to the discontinuing of HD DVD operations. Combined with losses from its semiconductor unit, Toshiba expects its operating profit for the current financial year to be only 37% of its original projections. Toshiba recently sold its Toshiba Ginza Building to Tokyu for ¥161 billion. It used the cash from that sale to buy a microchip factory from—you guessed it—Sony.

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