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toshiba shares plunge 8 pct after audit woes delay earnings


tokyo — japanese electronics and energy giant toshiba corp. delayed reporting its financial results by a month tuesday, citing problems with its auditing. toshiba stock tumbled 8 percent in tokyo trading after its earnings weren't announced as scheduled.the company said the earnings won't be out until march 14. auditors had questioned toshiba's reporting on the acquisition of cb&i stone & webster by its u.s. nuclear unit westinghouse, the company said in a statement.toshiba denies any wrongdoing. the company expects a big write-down for the value of the acquisition.toshiba is grappling with a scandal over company officials' doctoring of accounting books after it set unrealistic profit targets.the company is expected to restructure its ailing nuclear business, but nothing has been a






toshiba to spin off flash business after financial scandal


the corporation is under high pressure due to financial scandals, and the flash business would be better insulated if it were an independent company. toshiba, which invented nand flash memory in the late 1980s that is now being used in virtually all servers, smartphones and tablet pcs, is being forced to spin off a highly profitable section of its it hardware business due to serious problems impacting its financial future. the japan-based conglomerate revealed jan. 27 that its flash memory business will be spun off into another business entity so that it will have "more operational flexibility and stronger fundraising ability," market research firm dramexchange, a division of trendforce, said jan. 27. the process will be completed by march 31, toshiba said.'more a ntages' in the long run d






toshiba chairman quits as firm posts $6.3bn loss


the chairman of japanese electronics and nuclear giant toshiba is stepping down after the firm said on tuesday it would book an estimated 712.5bn yen ($6.3bn) loss in its us nuclear power business.toshiba chairman, shigenori shiga, will step down to take responsibility for the losses in connection with its us nuclear business acquisition, while other executives, including president satoshi tsunakawa, will take pay cuts, the company said in a statement.the huge write down means toshiba expects to end the current financial year in the red for the second straight year with a net loss of $3.4bn, compared with a net profit of $1.3bn estimated in november, according to its preliminary results. read more: key questions in toshiba scandal still unanswered the company also predicts an operating los






toshiba chairman quits as firm posts $6.3bn loss


the chairman of japanese electronics and nuclear giant toshiba is stepping down after the firm said on tuesday it would book an estimated 712.5bn yen ($6.3bn) loss in its us nuclear power business.toshiba chairman shigenori shiga will step down to take responsibility for the losses in connection with its us nuclear business acquisition, while other executives, including president satoshi tsunakawa, will take pay cuts, the company said in a statement.the huge writedown means toshiba expects to end the current financial year in the red for the second straight year with a net loss of 390bn yen, compared with a net profit of 145bn yen estimated in november, according to its preliminary results. read more: key questions in toshiba scandal still unanswered the company also predicts an operating






toshiba draws bids for chip business


bidders participating in toshiba corp.’s sale of a minority stake in its computer-chip business include sk hynix inc., foxconn technology group and western digital corp., people familiar with the matter said tuesday.toshiba said in january that it planned to spin off its unit that manufactures nand flash memory computer chips, and would seek an external cash infusion by selling a stake of up to 19.9%. the company began the...






toshiba may spin off nand flash unit and if wd scoops it up, it will surp samsun


sometimes one division in a company can drag down others - that’s what is happening at toshiba, where the nand flash business is booming, but the conglomerate faces a multi-billion dollar write-down over issues with the westinghouse nuclear power plant.analysts at mirae et daewoo securities say toshiba leadership is considering spinning off the memory business as soon as possible (by the end of march) and western digital is reportedly the frontrunner to scoop up a 20% stake. wd (which acquired sandisk recently) is currently third in the global nand flash market (with a 17.1% share) after samsung (36.6%) and toshiba (19.8%).however, wd and toshiba combined would surp samsung’s market share, putting the new company in the lead. make no mistake, samsung’s memory business is a big part of how






toshiba to sell computer-chip business in order to save itself from bankrupcy


toshiba is falling apart and drastic measures are required to save the company. the corporation’s ceo shigenori shiga will step down as a chairman after an announcement that the financial results will be published after at least a month, citing auditing problems. before market closure unaudited numbers were released and sent toshiba stock 8% down.the company projects jpy712.5 billion ($6.3 billion) loss for its nuclear business after a scandal related to the acquisition of us nuclear unit westinghouse. the tokyo-based conglomerate said it’s at minus $1.7 billion by the end of 2016. the company sees a way out in selling its computer-chip business, flash-memory business and other assets.toshiba does not plan on building more new nuclear plants and will concentrate on reactor maintenance, nuc






toshiba chairman resigns as company projects 713b yen write-down


toshiba corp has projected a 712.5 billion yen write-down, postponed its earnings report, and announced that its chairman shigenori shiga is stepping down -- all in the space of a day.the multibillion dollar write-down of toshiba's us nuclear subsidiary westinghouse electric wipes out shareholder equity and drags the company to a full-year loss for the second year in a row.latest news on asiashiga has accepted full responsibility for toshiba's financial challenges and operating losses. estimated unaudited figures projected a net loss of 390 billion yen for the fiscal year ending in march 2017, compared with a net profit of 145 billion yen estimated in november. the company also projected an operating loss of 410 billion yen, although it forecast an operating profit of 180 billion yen three






sk hynix considering fresh bid for toshiba stake, says ceo


sk hynix will consider making a fresh bid for toshiba's nand flash memory business if the latter puts more on the table, the ceo of the korean chip giant has said.sk hynix ceo and vice chairman park sung-wook told reporters on the sidelines of a semiconductor conference in seoul that if toshiba puts forward a specific offer and schedule it will consider taking them.park declined to comment on whether acquiring the japanese business unit will help profits or if it was willing to spend more than the 10 trillion won, or $8.8 billion, that toshiba was aiming to raise from the sale.toshiba was initially aiming to sell a 19.9 percent stake of the business, with sk hynix, micron, and western digital among the companies turning in their bids due end of march. but the japanese company has since dec






toshiba delays earnings reports until march over audit woes


tokyo — japanese electronics and energy giant toshiba corp. says it is unable to report its financial results on schedule. it is delaying the report, which was due tuesday, until march 14.the company said auditors had questioned its reporting on the acquisition of cb&i stone & webster by toshiba's u.s. nuclear unit westinghouse.toshiba denies any wrongdoing. the company expects a big write-down for the value of the acquisition.toshiba is grappling with a scandal over company officials' doctoring of accounting books after it set unrealistic profit targets.the company is expected to restructure its ailing nuclear business, but nothing has been announced. japan's nuclear sector was thrown into crisis after multiple meltdowns of reactors at a power plant in fukushima prefecture trigger






toshiba chairman steps down over huge nuclear business loss


tokyo — japanese electronics and energy giant toshiba corp. said tuesday that its chairman is resigning to take responsibility for problems that will result in a 713 billion yen ($6.3 billion) loss in its nuclear business.toshiba warned, however, that unaudited financial results it announced may change "by a wide margin." it earlier delayed reporting its official financial results by a month, citing auditing problems related to the losses in its nuclear business. that sent toshiba stock tumbling 8 percent in tokyo trading.the company said shigenori shiga, the chairman, will step down from the board but stay on as a toshiba executive. he is quitting over huge losses from the acquisition of cb&i stone & webster by toshiba's u.s. nuclear unit, westinghouse.toshiba said its net worth w






toshiba to sell off part of its memory business


toshiba on friday announced that it's spinning off part of its flash memory business and will sell a stake in the new business to offset major cost overruns from its us nuclear business.toshiba plans to split off the memory business (including the ssd business, but excluding the image sensor business) by march 31. the company has yet to decide which ets and liabilities will be split off, though it plans to sell less than 20 percent of the business, reuters reports.toshiba's nand flash memory business makes up most of toshiba's operating profit and is the world's second largest, behind samsung. the company needs cash, it explained, to make up for losses related to an acquisition within its us nuclear division that "could reach several billion us dollars." "splitting off the memory business






foxconn is bidding for toshiba’s chip business


foxconn technology group chairman terry gou said his company is bidding for toshiba corp.’s flash-memory unit, as the two businesses would be a good match.analysts say toshiba’s computer-chip unit could fetch $20 billion or more. a sale to foxconn would be quick because their core businesses are different, eliminating possible antitrust issues, mr. gou told reporters on the sidelines of a factory groundbreaking in southern china on...






toshiba might sell majority of semiconductor business following $6.3 billion nuc


toshiba's woes continue to get worse. the company announced today that it is taking a $6.3 billion write-down due to losses in its nuclear business, and as a result, it may sell a majority stake in its semiconductor business. we've already covered the company's announcement that it is spinning off its semiconductor business and planned to sell a 20% stake in the new outfit. at the time, toshiba predicted its write-down to total "a few billion." the revised $6.3 billion projection, and the news that the company might sell a controlling stake of its nand fabs, promises to send shockwaves through the semiconductor industry. the latest toshiba scandal has already claimed its first high-level victim. shigenori shiga, a toshiba chairman that hailed from the failed u.s.-based westinghouse electri






money-losing toshiba selling medical leasing unit to canon


tokyo — embattled japanese electronics maker toshiba corp. is selling its stake in a medical equipment leasing company to canon inc. for 31.4 billion yen ($277 million).toshiba said tuesday it is selling its entire 65 percent stake in toshiba medical finance co. to canon, a japanese camera maker, effective march 31. tokyo-based toshiba has been in talks with canon since late last year on the sale.toshiba, which owns u.s. nuclear company westinghouse, is in deep trouble after suffering massive losses in its nuclear business. it has been selling off lucrative businesses such as its computer-chip operations.it is projecting a 712.5 billion yen ($6.3 billion) loss for its nuclear business, and has been unable to report april-december financial results. its chairman has resigned to take respons






money-losing toshiba selling medical leasing unit to canon


tokyo — embattled japanese electronics maker toshiba corp. is selling its stake in a medical equipment leasing company to canon inc. for 3.14 billion yen ($27.7 million).toshiba said tuesday it is selling its entire 65 percent stake in toshiba medical finance co. to canon, a japanese camera maker, effective march 31. tokyo-based toshiba has been in talks with canon since late last year on the sale.toshiba, which owns u.s. nuclear company westinghouse, is in deep trouble after suffering massive losses in its nuclear business. it has been selling off lucrative businesses such as its computer-chip operations.it is projecting a 712.5 billion yen ($6.3 billion) loss for its nuclear business, and has been unable to report april-december financial results. its chairman has resigned to take respon






toshiba's 3d flash memory bics3 samples now shipping to manufacturers


why it matters to you toshiba is cramming a lot of storage onto one very small hard drive, so it could show up in all manner of devices, and decrease the space take up by storage in a system.the persistent shrinking of flash storage continues, as toshiba has announced that its 512 gigabit 3d flash memory chips are now shipping out to manufacturers the world over. production began earlier this month, with expanded mass production scheduled to begin in the second half of 2017.the new toshiba memory chips, called bics3, were announced in july 2016, though only entered limited production with toshiba partner western digital in early february. much like other 3d memory chips, bics3 chips stack the cells vertically, which is what makes them capable of such large-scale storage. the 512gb chips eq






toshiba's 3d flash memory bics3 samples now shipping to manufacturers


why it matters to you toshiba is cramming a lot of storage onto one very small hard drive, so it could show up in all manner of devices, and decrease the space take up by storage in a system.the persistent shrinking of flash storage continues, as toshiba has announced that its 512 gigabit 3d flash memory chips are now shipping out to manufacturers the world over. production began earlier this month, with expanded mass production scheduled to begin in the second half of 2017.the new toshiba memory chips, called bics3, were announced in july 2016, though only entered limited production with toshiba partner western digital in early february. much like other 3d memory chips, bics3 chips stack the cells vertically, which is what makes them capable of such large-scale storage. the 512gb chips eq






toshiba to sell part of its chip business


tokyo—toshiba corp. said friday it would put part of its semiconductor unit up for sale, seeking to stay afloat after a planned write-down of billions of dollars connected to its u.s. nuclear business.analysts said the sale of just under 20% of toshiba’s memory-chip business, which supplies chips to the likes of apple inc., could bring in more than $2 billion because of high demand for chips in products such as smartphones and...






toshiba chairman resigns over $6.3 billion nuclear business loss


toshiba corp.'s chairman resigned tuesday after the company logged such massive losses in its nuclear business that it must sell its lucrative computer-chip business to avoid going belly-up.the company projected a 712.5 billion yen ($6.3 billion) loss for its nuclear business related to the acquisition of cb&i stone & webster by its u.s. nuclear unit westinghouse. the company also said it will not take on new projects to construct nuclear plants.president satoshi tsunakawa said the company also was looking for potential partners to acquire a stake in westinghouse.he bowed deeply at a news conference to apologize for "troubling investors and stakeholders."earlier tuesday, toshiba delayed reporting its official financial results by a month, citing auditing problems. that sent toshiba






money-losing toshiba selling medical leasing unit to canon


tokyo (ap) — embattled japanese electronics maker toshiba corp. is selling its stake in a medical equipment leasing company to canon inc. for 31.4 billion yen ($277 million).toshiba said tuesday it is selling its entire 65 percent stake in toshiba medical finance co. to canon, a japanese camera maker, effective march 31. tokyo-based toshiba has been in talks with canon since late last year on the sale.toshiba, which owns u.s. nuclear company westinghouse, is in deep trouble after suffering massive losses in its nuclear business. it has been selling off lucrative businesses such as its computer-chip operations.it is projecting a 712.5 billion yen ($6.3 billion) loss for its nuclear business, and has been unable to report april-december financial results. its chairman has resigned to take re






wd announces first 64-layer 512gb tlc nand die amidst toshiba turmoil


on the heels of micron's announcement that it is developing the "world's smallest" 64-layer 3d nand, wd announced that it has begun pilot production of the "world's first" 64-layer 512gb tlc nand die. wd is developing and producing its 64-layer nand at its yokkaichi, japan fab that it operates with toshiba under their joint flash forward venture. wd and toshiba have struggled to bring a meaningful amount of their 48-layer 128gb 3d nand to market, which many cite as a major contributor to the ongoing nand shortage. wd and toshiba aren't the only vendors to encounter 3d nand production challenges; samsung has also apparently encountered production issues with its 48-layer nand. last year, wd announced its transition to 64-layer 256gb bics3 3d nand, but the new revision has also been scarce.






toshiba might sell majority of semiconductor business following $6.3 billion nuc


toshiba announced today that it is taking a $6.3 billion write-down due to losses in its nuclear business, and as a result, it may sell a majority stake in its semiconductor business.






wd announces first 64-layer 512gb tlc nand die amidst toshiba turmoil


on the heels of micron's announcement that it is developing the "world's smallest" 64-layer 3d nand, wd announced that it has begun pilot production of the "world's first" 64-layer 512gb tlc nand die. wd is developing and producing its 64-layer nand at its yokkaichi, japan fab that it operates with toshiba under their joint flash forward venture. wd and toshiba have struggled to bring a meaningful amount of their 48-layer 128gb 3d nand to market, which many cite as a major contributor to the ongoing nand shortage. wd and toshiba aren't the only vendors to encounter 3d nand production challenges; samsung has also apparently encountered production issues with its 48-layer nand. last year, wd announced its transition to 64-layer 256gb bics3 3d nand, but the new revision has also been scarce.






toshiba draws bids for chip business


toshiba corp.’s memory-chip unit has drawn bidders from south korea, the u.s. and taiwan, and some involved in the process see a ntages to a deal with western digital corp., people familiar with the matter said.in a regulatory filing released after close of trading tuesday, sk hynix inc. said it submitted a nonbinding proposal for the toshiba unit last friday but hasn’t decided whether to submit a final bid. other bidders include...






toshiba’s meltdown: chairman out, $6.3 billion write-down


tokyo—toshiba corp.’s problems threatened to spiral out of control as the electronics giant projected a $6.3 billion write-down, postponed its earnings report because of allegations of impropriety and said its chairman was resigning—all in the space of a day.the delay in the earnings report sent toshiba shares down 8% in tokyo trading tuesday, and its president said he was willing to sell most or all of toshiba’s profitable...






western digital, toshiba to increase device storage capacity with new '3d' 512gb


why it matters to you the announcement of a new 512gb 3d nand chip means that devices will have larger storage capacities along with bigger batteries.western digital said on monday that it began a pilot production of a new 3d nand chip in yokkaichi, japan. this chip packs three bits of data into memory cells that are spread across 64 stacked layers, providing 512 gigabits of storage capacity. the chip is an industry first and the result of a collaboration between western digital and toshiba. it’s expected to go into m production sometime during the second half of 2017.western digital and toshiba first introduced 3d nand with 64 layers in july. dubbed as “bics3,” the technology is unlike standard “2d” nand that relies on storage cells distributed horizontally across physical space like cro






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microsoft reports some pdf documents hiding phishing s s


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backblaze reports hgst and toshiba drives ran failure-free in 2016


why it matters to you hard disks aren't as popular as they once were, but results like these suggest they are more reliable and cheaper than ever.cloud storage provider backblaze released its drive reliability numbers for the last quarter of 2016, illustrating that two hard drive manufacturers just might produce the most reliable drives on the market. so, who are the lucky hardware manufacturers?that honor goes to a few server pods using toshiba and hgst hard disks. specifically, toshiba-brand and hgst-brand industrial sized 4tb and 8tb hard disks which backblaze uses in custom-built pods — essentially m ive stacks of hard disks used to store your cloud data.according to ars technica, each pod is comprised of 45 to 60 identical hard disks and the pods which used the toshiba and hgst hard






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