Toshiba To Post $977 million In HD DVD Losses In FY07 - Blu-ray Forum

ay221 · 03-13-2008, 03:14 AM

http://www.nni.nikkei.co.jp/

TOKYO (Nikkei)--Toshiba Corp. (6501) expects to rack up a loss of 50 billion yen to discontinue its next-generation DVD business, with total HD DVD losses ballooning to as much as 100 billion yen in fiscal 2007, which wraps up at the end of the month, The Nikkei learned Wednesday.

Equals 977 million U.S. dollars

DetroitSportsFan · 03-13-2008, 03:33 AM

That's a shame.

dialog_gvf · 03-13-2008, 03:38 AM

Hey, maybe they can blow another $1 billion on SUC and DVD 2.0.

Gary

Blubaru · 03-13-2008, 03:42 AM

I feel soo sad for them.

NOT!

mikesoba · 03-13-2008, 03:44 AM

And at PC Magazine US$986M
http://blogs.pcworld.com/staffblog/archives/006633.html

dakota81 · 03-13-2008, 03:45 AM

but but but but... but I heard Toshiba was *making* $$ on each player sold!

sj001 · 03-13-2008, 04:02 AM

Almost 1 Billion bucks... wow, sucks to be Toshiba. Too bad they got bullied by M$ into that whole ordeal, now they have to face the music.

aristotles · 03-13-2008, 04:14 AM

Quote:

Originally Posted by dakota81

but but but but... but I heard Toshiba was *making* $$ on each player sold!

Yeah, isn't it funny how all of the HD DVD supporters denied that Toshiba was selling their players way below cost even after companies started dropping plans to release HD DVD only players. Maybe they did not want to sell at a loss too?

RUR · 03-13-2008, 04:35 AM

Quote:

Originally Posted by dialog_gvf

Hey, maybe they can blow another $1 billion on SUC and DVD 2.0.

Gary

A billion here, a billion there.....pretty soon we're talking real money!

unreal1080p · 03-13-2008, 04:59 AM

Quote:

Originally Posted by ay221

Toshiba To Post $977 million In HD DVD Losses In FY07
http://www.nni.nikkei.co.jp/

TOKYO (Nikkei)--Toshiba Corp. (6501) expects to rack up a loss of 50 billion yen to discontinue its next-generation DVD business, with total HD DVD losses ballooning to as much as 100 billion yen in fiscal 2007, which wraps up at the end of the month, The Nikkei learned Wednesday.
Equals 977 million U.S. dollars

HDTV for Dummies = 14.95$

Business Success for Dummies = 14.95$

Logic for Dummies = 13.59$

TOTAL = 43.49$

Seeing Toshiba spend 1 billion dollars to learn the same lesson

=

PRICELESS!

iNCREDiPiNOY · 03-13-2008, 05:10 AM

Oh dear...

d_rob1031 · 03-13-2008, 05:16 AM

They actually were probably making a profit on those players, in the early onset anyway and even with their newer models (before the price cuts). But by the time you figure in marketing costs, R&D costs, paying off movie studio costs, etc., they could have been making money off of the players but they were spending more than they were making. On top of that they just didn't move many units. Period. Profit margin only goes so far on a product, gotta move units on top of that.

Uxi · 03-13-2008, 06:29 AM

And to think they could have instead been working on SED...

Ice2Dragon · 03-13-2008, 07:09 AM

HAHAHAHAHA

Thats what you get..

Didnt they realize?

Blue > Red

GreenScar · 03-13-2008, 08:19 AM

With $150 mil going straight to Paramount/Dreamworks

radagast · 03-13-2008, 11:32 AM

Quote:

Originally Posted by Uxi

And to think they could have instead been working on SED...

Except that Canon was illegally involving Toshiba and got their butts kicked in court for it. I was unhappy that a SUCky company like Toshiba might have had an exclusive on SED, so I was glad when they lost out.

radagast · 03-13-2008, 11:34 AM

Quote:

Originally Posted by dialog_gvf

Hey, maybe they can blow another $1 billion on SUC and DVD 2.0.

Gary

The year is young.

d_rob1031 · 03-13-2008, 02:30 PM

I think having a 56billion in revenue business allows for a little flexability.

Mr. Hanky · 03-13-2008, 08:29 PM

...and they didn't rake in that $56 B with ventures like hdvd, obviously. It only underscores how poor an investment Toshiba chose to green flag the project, in the first place.

The red camp loves to dwell on how much it cost Sony to get br and ps3 on the map, but now they are left to face a bitter pill with how the very same thing goes on in their own camp.

dialog_gvf · 03-13-2008, 08:58 PM

Toshiba Corp.

100 billion yen / 3.2B outstanding shares = 31.25 yen per share

Stock price: 717 yen
Dividend: 12.5 yen per share

Yeah, the shareholders are happy, happy, joy, joy over this.

Gary

03-13-2008, 03:14 AM	#1
ay221 Special Member Member since:Oct 2006	Toshiba To Post $977 million In HD DVD Losses In FY07 http://www.nni.nikkei.co.jp/ TOKYO (Nikkei)--Toshiba Corp. (6501) expects to rack up a loss of 50 billion yen to discontinue its next-generation DVD business, with total HD DVD losses ballooning to as much as 100 billion yen in fiscal 2007, which wraps up at the end of the month, The Nikkei learned Wednesday. Equals 977 million U.S. dollars Last edited by ay221; 03-13-2008 at 03:17 AM.

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03-13-2008, 03:33 AM	#2
DetroitSportsFan Hot Deals Moderator Top contributor Member since:Aug 2007 Location:Michigan 4K collection:439 Blu-ray collection:2226 Trading Score:93	That's a shame.

03-13-2008, 03:38 AM	#3
dialog_gvf Moderator Member since:Nov 2006 Location:Toronto Blu-ray collection:320	Hey, maybe they can blow another $1 billion on SUC and DVD 2.0. Gary

03-13-2008, 03:42 AM	#4
Blubaru Expert Member Member since:Oct 2006 Location:Tonight! you!	I feel soo sad for them. NOT!

03-13-2008, 03:44 AM	#5
mikesoba Active Member Member since:Jun 2007 Location:South Bay, California Blu-ray collection:258	And at PC Magazine US$986M http://blogs.pcworld.com/staffblog/archives/006633.html

03-13-2008, 03:45 AM	#6
dakota81 Expert Member Member since:Apr 2007	but but but but... but I heard Toshiba was making $$ on each player sold!

03-13-2008, 04:02 AM	#7
sj001 Blu-ray Samurai Member since:Aug 2007 Location:Rochester, NY Blu-ray collection:317 DVD collection:17 Trading Score:5	Almost 1 Billion bucks... wow, sucks to be Toshiba. Too bad they got bullied by M$ into that whole ordeal, now they have to face the music.

03-13-2008, 05:10 AM	#11
iNCREDiPiNOY Banned Member since:Aug 2007 Location:NoHo, Cali PSN:iNCREDiPiNOY Wii:6379344902430379 Blu-ray collection:143 Trading Score:16	Oh dear...

03-13-2008, 05:16 AM	#12
d_rob1031 Active Member Member since:Dec 2007	They actually were probably making a profit on those players, in the early onset anyway and even with their newer models (before the price cuts). But by the time you figure in marketing costs, R&D costs, paying off movie studio costs, etc., they could have been making money off of the players but they were spending more than they were making. On top of that they just didn't move many units. Period. Profit margin only goes so far on a product, gotta move units on top of that.

03-13-2008, 06:29 AM	#13
Uxi Blu-ray Ninja Member since:Aug 2007 Location:Southern California 4K collection:14 Blu-ray collection:191 Blu-ray reviews:9	And to think they could have instead been working on SED...

03-13-2008, 07:09 AM	#14
Ice2Dragon Power Member Member since:Nov 2007 Trading Score:9	HAHAHAHAHA Thats what you get.. Didnt they realize? Blue > Red

03-13-2008, 08:19 AM	#15
GreenScar Blu-ray Knight Member since:Aug 2007 Blu-ray collection:148 Trading Score:2	With $150 mil going straight to Paramount/Dreamworks

03-13-2008, 02:30 PM	#18
d_rob1031 Active Member Member since:Dec 2007	I think having a 56billion in revenue business allows for a little flexability.

03-13-2008, 08:29 PM	#19
Mr. Hanky Active Member Member since:Sep 2007	...and they didn't rake in that $56 B with ventures like hdvd, obviously. It only underscores how poor an investment Toshiba chose to green flag the project, in the first place. The red camp loves to dwell on how much it cost Sony to get br and ps3 on the map, but now they are left to face a bitter pill with how the very same thing goes on in their own camp.

03-13-2008, 08:58 PM	#20
dialog_gvf Moderator Member since:Nov 2006 Location:Toronto Blu-ray collection:320	Toshiba Corp. 100 billion yen / 3.2B outstanding shares = 31.25 yen per share Stock price: 717 yen Dividend: 12.5 yen per share Yeah, the shareholders are happy, happy, joy, joy over this. Gary

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