Toshiba takes a dive after abandoning HD DVD

ELECTRONICS FIRM Toshiba said weakness in flash memory and costs associated with exiting the HD DVD business will affect its profits in the financial year to March.

Instead of a forecast profit of  of ¥180 billion, it will turn in ¥125 billion in profits.

NAND flash accounts for some of the pain – it is the second biggest worldwide manufacturer after Korean firm Samsung. ♣

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