Toshiba Corp. ADR (TOSYY) - OTCPK - Current
  • Oct. 27, 2015, 5:49 PM
    • Chicago Bridge & Iron (CBI -3.8%) is selling all of its nuclear construction business to partner Westinghouse Electric (OTCPK:TOSYY -2.1%).
    • The deal -- in which Westinghouse will fully take over facilities including South Carolina's V.C. Summer project, Georgia's Vogle project and various projects in China -- is expected to close in Q4 and includes CBI's nuclear integrated services.
    • "For CB&I shareholders, it provides clarity and increased predictability from our growing backlog of work in markets that are more strategic to our future growth," says CEO Philip Asherman.
    • CB&I expects to receive $229M in cash -- $161M on the substantial completion of nuclear projects and $68M on other milestones tied to CB&I's continuing supply contract. CB&I also expects a noncash charge after taxes of $1B-$1.2B from a loss on the transaction.
    • The company also said in preliminary Q3 numbers it expects new awards of about $4B, revenues of $3.3B and positive operating cash flow. It reports earnings Nov. 5.
    | Oct. 27, 2015, 5:49 PM | 70 Comments
  • Oct. 13, 2015, 5:07 PM
    • Sources tell Bloomberg SanDisk (NASDAQ:SNDK) is in talks with Micron (NASDAQ:MU) and Western Digital (NASDAQ:WDC) about a possible acquisition. No decision has been made.
    • Acquiring SanDisk, which partners closely with Toshiba (OTCPK:TOSBF) on NAND flash manufacturing, would turn Micron (NAND partnership with Intel) into a heavyweight within the NAND market - Samsung and SanDisk/Toshiba are currently the market's biggest players. Micron received 32% of its August quarter revenue from flash, and 60% from DRAM. The company has been betting on 3D NAND and 3D XPoint to strengthen its flash position.
    • Western has made several smaller flash-related acquisitions, as it tries to offset the gradual encroachment of SSDs/flash storage on hard drives. However, none of the buyout targets were comparable in scale to SanDisk, and Western still depends on 3rd-party NAND suppliers who also compete with the company in the SSD market.
    • SanDisk +11.5% after hours to $68.90. Micron +2.6% to $18.65. Western +0.8% to $85.00.
    • Earlier: SanDisk jumps on reported sale effort
    | Oct. 13, 2015, 5:07 PM | 50 Comments
  • Mar. 12, 2015, 8:56 PM
    | Mar. 12, 2015, 8:56 PM
  • Jan. 8, 2014, 9:44 AM
    • Skullcandy (SKUL +0.7%) enters a strategic partnership with Toshiba (TOSBF -1.2%) in which the latter will license the former's trademark for marketing and distribution of laptops worldwide excl. China.
    • the audio products maker will provide its Supreme Sound tech to enhance Toshiba products.
    • Skullcandy also unveiled women's line of headphones and previewed its sports performance offering at CES.
    | Jan. 8, 2014, 9:44 AM
Company Description
Sector: Technology
Industry: Computer Based Systems
Country: Japan