Will Toshiba's Profit Drop Hurt HD DVD?

[JimPullan]

My sentiments exactly . . . .

The reality check will be next week when the shareholders receive the P&L Quarterly Report and the sales forcast for the next 9 months. I've got the feeling several heads will roll at the Board of Director's meeting following the quarterly report. No more denial after the report is public, then the value of share deminishes, and dividends shrink. Not a very good position to be in, if your an executive of Toshiba. I predict this will not be allowed to go even another quarter, especially at 85%/15% . [Jim]

Originally Posted by ikcizokm

You know, Toshiba is on dangerous ground with their shareholders. Ever since last spring's announcement that they would not meet their projected HD-DVD player sales by a whopping 60 percent, their stock has been shaky. And since the Warner announcement, it's been downright abysmal.

One of my best friends works for Toshiba, and I can tell you the heat is on from the shareholders to stop the hemorrhaging. Toshiba needs to get back to its strengths by shoveling money into their laptop and copier divisions (formerly their two best-known products) to stay competitive, and stop with this HD-DVD nonsense.

I'm glad I sold my Tosh stock a few years ago. Although now might be a good time to buy since it's low!