Market Currents

• Friday, September 4, 2009

• 07:43 AM Toshiba (TOSBF.PK) may spend upwards of $5B in a bid for French nuclear group Areva's (ARVCF.PK) power distribution and transmission equipment unit. Comment!

• Friday, May 8, 2009

• 11:36 AM Toshiba (TOSBF.PK) reports a record yearly net loss of $3.51B (¥344B) due to a slump in chip prices and weak consumer spending. Comment!

• Monday, April 27, 2009

• 08:08 AM Moody's downgrades Toshiba's (TOSBF.PK) long-term debt rating to Baa2 from Baa1, citing the company's "significantly impaired state of profitability and its sharply increased level of leverage." Comment!

• Wednesday, March 11, 2009

• 09:22 AM Toshiba (TOSBF.PK) shares +9.5% in Tokyo after a media report the company will likely see an operating profit of around $1B next business year. Analysts are skeptical as Toshiba is currently facing its worst-ever annual loss this business year. Comment!

• Tuesday, February 10, 2009

• 13:34 PM SanDisk (SNDK) and Toshiba (TOSBF.PK) disclose new details of their X4 flash memory technology they say doubles the capacity of the most advanced chips on the market - and uses proprietary technology that rivals would have trouble emulating without violating its patents. Comment!

• Friday, January 30, 2009

• 05:20 AM In light of the lower earnings outlook and the possibility Toshiba (TOSBF.PK) might have to seek equity financing, Goldman Sachs cuts its rating to Sell from Neutral. 4 Comments
• 04:58 AM Facing an industry glut and falling prices, Toshiba (TOSBF.PK) forecasts its largest ever annual loss. For the fiscal year through March, net loss will likely reach ¥280B ($3.1B) vs. earlier estimates of a ¥70B net income.Shares -17.4% in Japan.
    Comment!

• Tuesday, January 20, 2009

• 11:11 AM With TV sales slowing and prices dropping, industry giants start squeezing out smaller rivals. Industry execs expect only a handful of survivors, notably Sony (SNE), Samsung, Panasonic (PC), Sharp (SHCAY.PK), LG Electronics and Toshiba (TOSBF.PK). 1 Comment

• Wednesday, January 14, 2009

• 06:45 AM Toshiba (TOSBF.PK) and Fujitsu (FJTSY.PK) are in advanced talks to combine their hard-disk drive businesses. Toshiba would hold a majority stake in the JV, which would have revenue of nearly ¥700B ($7.8B). In Tokyo, Toshiba +6.0%, Fujistu +5.3%. Comment!

• Monday, October 20, 2008

• 07:11 AM Toshiba (TOSBF.PK) plans to buy outright 30% of the production capacity at its semiconductor JV with SanDisk (SNDK) to boost its output. The companies will split the remaining 70% equally. SanDisk expects to receive cash and cut equipment leasing obligations by about $1B. Comment!

• Thursday, October 2, 2008

• 12:24 PM SanDisk (SNDK -1.35%) traded lower by as much as 7.6% after Toshiba (TOSBF.PK) said it has no intention of competing with Samsung's $26/share offer. Recently it's up from lows on renewed takeover chatter. Comment!