Nikkei: Toshiba faces $986 million loss on HD DVDs

Electronics maker, which recently gave up on the high-definition DVD format, is likely to fall short of its full-year outlook.
(From Reuters)

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[webdev511]

At least they won't be losing any more..

money. I'm not sure that a recession and a high def format war would have worked out for anyone involved. Even with Blu-Ray as the one remaining format, a recession isn't exactly going to help increase adoption.

Thanks for trying Toshiba.

[Penguinisto]

Recession?

A recession is defined as two consecutive quarters of negative growth (okay, overall loss)... we have yet to see that happen (at least in the US).

So, err, what recession? :)

/P

[shanewalker]

I sorta feel sorry for these guys...

I'm increasingly of the mind that they had at least one Iago in their
corner, keeping them going along a doomed path. And, of course,
the Iago's of this world never bear the full brunt of the losses that
occur...