Toshiba profit drops, NAND chip outlook wary
Tuesday, January 29th, 2008Earnings below expectations as company cites flash-memory competition, price drops, and HD DVD woes. Japanese electronics group Toshiba posted a worse-than-expected 25 percent drop in quarterly operating profit after tumbling flash memory chip prices ate into margins. The world’s No. 2 NAND flash memory chipmaker now expects…
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