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End May Be Near for Toshiba

The company says it's projected to lose more than $9B this year

(Newser) - Toshiba says it has "substantial doubts" about its continued existence, USA Today reports. That will happen when your company is projecting it will lose $9.2 billion in the current fiscal year. The Japanese company has been struggling since the 2011 Fukushima nuclear disaster but suffered a major blow...

Toshiba Throws In Nuclear Towel: Chapter 11 for Westinghouse

Challenges proved too great—and may be nuclear industry harbinger

(Newser) - More fallout from Toshiba's reported "nuclear" loss last month, this time in the form of a bankruptcy filing. In what the AP says was a "largely expected" move, Toshiba noted in a statement Wednesday that its Westinghouse nuclear unit has submitted a Chapter 11 petition to the...

To Understand Toshiba's $6B Nuclear Loss, Go South

Bloomberg looks at what's behind company's financial woes

(Newser) - The chairman of Japanese electronics and energy giant Toshiba resigned Tuesday after the company logged such massive losses—a projected $6.3 billion—in its nuclear business that it must sell its lucrative computer-chip business to avoid going belly-up. Well, maybe $6.3 billion. Reuters reports that a day of...

Toshiba's CEO Bails Over $1.2B Scandal

Investigation finds executives inflated profits, hid irregularities

(Newser) - Nine top officials at Toshiba, including CEO Hisao Tanaka, have resigned to take blame for Japan's biggest accounting scandal since 2011, report the AP and Bloomberg . Toshiba began probing accounting anomalies two months ago and says it must now correct earnings by $1.2 billion. An investigation found executives...

Fukushima Endgame: Years, a Fortune Away

Will likely take decades to decommission nuke plant

(Newser) - The day when radiation stops spilling out of Japan's Fukushima Dai-ichi is still unknown, but it'll be at least a decade and millions of dollars beyond that by the time the nuclear plant is decommissioned, reports the AP. That's the timeline from Toshiba, which built four of the six reactors,...

Team Weighs Mammoth Task: Dismantling Reactors

Planning begins as stabilizing efforts continue at Fukushima

(Newser) - It could be months or years before authorities have simply stabilized Japan’s nuclear crisis, but Japanese and American engineers are already teaming up to figure out how to dismantle the Fukushima Dai-ichi plant’s reactors. Toshiba and Westinghouse are among the firms planning the gargantuan task: Never before have...

Toshiba's First Netbook Is a Step Up

Boasts big keyboard and touchpad, long battery

(Newser) - Toshiba, late to enter the low-end but lucrative netbook field, has finally rolled out its $400 entry, and Walter Mossberg finds that it beats competitors by solving several key problems: It boasts an easy-to-use keyboard, a long-lasting battery, and a large touchpad with big buttons. “The keyboard design resembles...

Asia, Europe Follow US Rally

Nikkei posts biggest gain in 6 weeks

(Newser) - Yesterday's big day on Wall Street sparked a bull run on Asian markets today, with the Nikkei posting its biggest rise in 6 weeks, Reuters reports. The Tokyo exchange surged 4.6% off a 26-year closing low, with Toshiba and other tech stocks leading advances. Markets in Europe opened down...

Laptop Sales Zip Past Desktops

Netbook drives up laptop sales

(Newser) - The demand for Acer Netbooks has pushed laptop sales beyond desktop PC sales for the first time ever, CNET reports. Notebook PC shipments rose almost 40% for the third quarter of 2008 to 38.6 million units, while desktop sales slipped 1.3% to 38.5 million. Hewlett-Packard remains the...

Intel Sets Bar High with SSDs

Companys says it will launch 80-160GB solid state chips in the second-quarter

(Newser) - Intel will bring a bigger—and faster—solid state drive to market in the second quarter that will heat up the competition between chipmakers and launch a new generation of laptops and PCs based on SSDs rather than hard drives, reports CNET. Intel’s 80-160GB SSDs are twice as fast...

DreamWorks in Limbo over HD DVD Format

Movie maker says it has 'an obligation' to stick with Toshiba's HD DVD

(Newser) - Despite the fact that Toshiba lost its war with Sony’s Blu-ray disc technology, DreamWorks Animation says it plans to release its upcoming movies in the HD DVD format, unless it hears otherwise from Toshiba, Reuters reports. DreamWorks’ “Bee Movie” is scheduled for release in March. The studio said...

Toshiba Throws in HD Towel

Rival Blu-ray wins the battle of high-def movie formats

(Newser) - Toshiba is quitting the HD DVD player business after taking a licking in the protracted market competition, the company announced today. Toshiba's exit, which leaves Blu-ray's technology alone at the vanguard of digital video, comes after Warner Brothers joined the crowd of Blu-ray backers, leaving HD DVD in the cold,...

Toshiba May Pull HD DVD Plug

Sales, studio defections indicate fat lady may have sung

(Newser) - Toshiba has temporarily halted production of players and movies in the HD DVD format, and is contemplating dropping the format altogether, PC World reports. The move would cost the company tens of billions of dollars, but the defection of several studios and retailers to the rival Blu-Ray format has left...

Porn Goes Both Ways in HD Format War

Cheaper HD DVD production counters Blu-Ray's victories

(Newser) - The adult film industry cast a deciding vote in the VHS/Betamax tape format wars of the ‘80s, and porn may yet influence the hi-def contest between Blu-Ray and HD DVD, Daily Tech writes. But currently the industry is split between the popular view that the U.S. film industry...

Toshiba Fights for HD DVD Market Share

Price cuts, ad blitz attempt to counter Blu-ray's advances

(Newser) - Toshiba is stepping up efforts to keep HD DVD a contender in the battle between high-def formats, the company said today. Toshiba will cut prices and increase advertising, reports MarketWatch. It's battling rival Sony’s Blu-ray technology, which doubled HD DVD's US sales last year and scored a major win...

HD DVD Not Dead Yet: Toshiba

Despite Warner Bros. exit, company says format hasn't lost

(Newser) - Toshiba executives claim the company's HD DVD platform hasn't yet lost the heated format war, despite the recent announcement from Warner Bros. that the studio will release film titles exclusively in the rival Blu-Ray format. Backers of the HD DVD format will exhibit their wares at the Consumer Electronics Show.

Toshiba to Make Solid-State PC Disks

Joins competitors in effort to create demand for flash memory

(Newser) - Toshiba will start making flash-based solid-state drives for laptops, the company said Monday. The Japanese memory chip maker is trying to create more demand for flash chips, reports Reuters. Solid-state drives, which offer a faster boot-up than hard disk drives, are used in portable devices, but aren't mainstream yet in...

Price War Moves High Def DVD Players

Competing HD-DVD and Blu-Ray makers drop prices under $200

(Newser) - Sales of high-definition DVD players have been languishing because customers were unwilling to choose one of the two competing formats—Blu-ray or HD DVD. But this holiday season may change that, with retailers dropping prices from upward of $400 to under $200, reports the Wall Street Journal. And Wal-Mart fueld...

Format Wars Rage in High Definition

Blu-ray and HD DVD slug it out to become next-gen movie media

(Newser) - Meet the new VHS and Betamax. It’s unclear who’s winning consumer tech’s latest format wars, the Economist explains, but both Blu-ray and HD DVD claim to be the high-def successor to the DVD. The cheaper HD DVD sells more stand-alone players, but Blu-ray sells more disks and...

Paramount Drops Blu-Ray for HD DVD

High-definition format war takes a new turn as player prices fall

(Newser) - The face-off between two standards for high-definition DVDs took a new turn yesterday as Paramount Pictures and its subsidiary DreamWorks dropped support of Sony's Blu-ray format. Starting this week, the studios will distribute new discs exclusively in the HD DVD format, which is supported by Toshiba and functions on less...

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