Stock market quotes, forex, financial news, forex tools – money-investing.com

Japanese concern Toshiba. One can always make one’s own entertainment

 Breaking News
  • US Ministry of Energy predicts reduction of oil prices The US Ministry of Energy has published a monthly report, which turned out to be discouraging. It is expected that in the last quarter of this year the price for...
  • 28 Chinese companies are blacklisted by the US Everyone knows that just in few days two powerful states China and the USA – are starting the next round of the negotiations. Official Beijing has announced that it is...
  • Startup WeWork again in spotlight We have been writing about the startup WeWork, which was forced to postpone the initial public offering. They earn by renting commercial space for a long time in order to...
  • Massive cuts in HSBC HSBC Holdings Plc, the largest bank in Europe and one of the most significant and serious players in the global financial market, has announced the launch of a cost-optimization program....
  • Oil quotes still wait for negotiations Today, at 8.15 a.m. Moscow time, futures for Brent crude oil were trading in London for $ 58.31 per barrel. This is only 0.1% below the closing price of the...
Japanese concern Toshiba. One can always make one’s own entertainment
April 11
08:00 2017

The losses of the Japanese company Toshiba have amounted to 9.2 billion US dollars for the fiscal year. It is quite possible that the activity of the brightest corporation of the 20th century will end there. The world is grateful to the Japanese giant for inventing and introducing to the market a number of technological novelties. The first fluorescent lamp, transistor TV sets, microwaves, video phones and even a laptop are here thanks to the company Toshiba! The world’s quietest device for MRI can be called the last significant invention of the company.

The XXI century is a century of the successive failure for the company. A number of incorrect investment decisions and a scandal with financial reports led the company to the today’s depressing state. An announcement on March 29 about the bankruptcy of a subsidiary company Westinghouse Electric, whose profile was the development of the nuclear program, has become the icing on the cake.

The last chance to save the company is selling, perhaps, the last successful division of the company. This is about the production of microchips. There are three customers: the Singapore-based company Broadcom, the South Korean company SK Hynix and the Taiwanese company Hon Hai. The cost of the subdivision is estimated at 18 billion US dollars, experts say that the real amount of the deal may be higher.

There is a high probability that the sale of an excellent affiliated company will not save Toshiba. This is due to the fact that it is possible to delist the company’s shares from the Tokyo Stock Exchange.

Let’s hope that the situation will be resolved and the Japanese giant will continue to amaze and please the world with technological innovations.

 

The material was prepared with the participation of  Vladimir Haritonov,
a leading analyst of the brokerage company VOSPARI.

 

 

Related Articles

2 Comments

  1. Clarence Grayson
    Clarence Grayson August 03, 00:45

    I personally not like cheap manufacturer earlier because of bad quality products. I generally trust bigger brands like Sony Samsung. But after purchasing xiaomi phone my whole perception for xiaomi changed. Till now I haven’t faced any serious problem in Heya i am for the first time here. I came across this board and I find It truly helpful & it helped me out much. I am hoping to offer one thing again and aid others such as you helped me.

    Reply to this comment
  2. Freddie Saltourides
    Freddie Saltourides August 03, 15:44

    I personally not like cheap manufacturer earlier because of bad quality products. I generally trust bigger brands like Sony Samsung. But after purchasing xiaomi phone my whole perception for xiaomi changed. Till now I haven’t faced any serious problem in Someone necessarily lend a hand to make significantly articles I’d state. This is the very first time I frequented your web page and so far? I amazed with the analysis you made to create this actual put up amazing. Magnificent task!

    Reply to this comment

Write a Comment