Friday, December 09, 2016
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Samsung SDI to Supply Batteries To Lucid Motors
Samsung To Design And Make Chips For Tesla Cars
Google Opens its Digital Assistant to Developers
BlackBerry Unveils BlackBerry Secure For IoT Mobile Security
ARM Physical IP for TSMC 7nm Process Technology Now Available
HTC Launches Vive Studios, Debuts "Arcade Saga" Title
Radeon Software Crimson ReLive Edition Brings Support For Chill, Along With New Features
Microsoft Unveils Windows 10 for Qualcomm Chips, "Project Evo" PCs For Mixed Reality And Gaming
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 Home > News > Optical Storage > Toshiba...
Last 7 Days News : SU MO TU WE TH FR SA All News

Wednesday, March 19, 2008
Toshiba Posts Revised Business Forecast


Toshiba today announced a revision to its business forecast for FY2007, ending March 31, 2008, which includes lower sales figures and losses due to the discontinuation of the HD DVD business.

The new business forecast replaces the previous forecast announced on October 29, 2007.

Toshiba expects net sales to be lower than previously forecast, reflecting the discontinuation of the HD DVD business and the decline in sales prices of NAND flash memories.

While toshiba's PC business and Social Infrastructure segment are moving forward strongly, the Semiconductor business has seen a significant decrease in operating income due to a larger than anticipated declines in sales prices of NAND flash memories. Given this, the overall operating income is anticipated to see a decrease from the previous forecast. Income before income taxes and minority interest and net income are also expected to decrease from the previous forecast, primarily on costs incurred in the discontinuation of the HD DVD business.

Toshiba lowered its earnings forecast for this fiscal year on Wednesday on 45 billion yen ($460 million). Toshiba also said it would rack up a 65 billion yen ($666 million) operating loss in its HD DVD business.

The Japanese electronics maker lowered its group profit forecast for the fiscal year ending March 31 to 125 billion yen ($1.26 billion), down from the initial forecast for 180 billion yen profit. Toshiba had earned a 137 billion yen profit the previous fiscal year.

The Japanese company also lowered its sales projection for the fiscal year ending March 31 to 7.7 trillion yen ($78 billion) from the earlier 7.8 trillion yen.


Previous
Next
TiVo Brings Internet Video on Television Sets        All News        Adobe Adds DRM to Flash With New Media Rights Management Server
Best Buy to Offer $10 mln to HD DVD Purchasers     Optical Storage News      Convert Movie Files For Viewing on Portable Digital Devices With TMPGEnc MovieStyle

Get RSS feed Easy Print E-Mail this Message

Related News
Toshiba Expands 3D Flash Memory Production Capacity In New Fabrication Facility at Yokkaichi
Toshiba Advances Deep Learning with Extremely Low Power Neuromorphic Processor
Toshiba's Voice Recognition Technology Can Distinguish Multiple Individual Speakers Without Training
Investors Sue Toshiba Over Accounting Scandal
Toshiba Starts Testing System For Future Self-driving Cars
Toshiba, Tohoku Electric and Iwatani Start Study of World?s Largest Hydrogen Energy System
Toshiba Introduces the Value-oriented OCZ TL100 SATA SSD Series
Toshiba Expands 24nm SLC Flash Family with 16Gb Offering
Toshiba Introduces the OCZ VX500 SATA SSD Series
Toshiba to Implement Eyefi Connected Features in Next FlashAir SD Cards
Toshiba Debuts Flashmatrix Technology
Toshiba Announces New BG SSDs with 3-Bit-Per-Cell TLC BiCS FLASH

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2016 - All rights reserved -
Privacy policy - Contact Us .