Fri, Mar. 13, 3:21 AM
- In the latest sign of weakening demand for personal computers, International Data Corp. predicts global shipments of PCs will decline 4.9% this year to 293.1M units, a bigger drop than its previous guidance for a 3.3% decrease.
- According to market research firm, the PC market declined 0.8% to $201B last year and is expected to drop an additional 6.9% in 2015, with smaller declines in coming years, reducing the market to $175B by 2019.
- Previously: Intel -4.1% on Q1 warning; other PC industry names also fall (Mar. 12 2015)
- Related stocks: OTC:ASIYF, AMD, HPQ, INTC, OTCPK:LNVGY, MSFT, MU, NVDA, SNE, STX, OTCPK:TOSYY, WDC
Thu, Mar. 12, 8:56 PM
- With the market open in Tokyo, the Nikkei index has passed 19,000 for the first time since the dot-com bust, to reach a new 15-year high, following on the U.S. market's strong day. The index is up 0.7% so far, to 19,130.
- Early top gainers included robotics firm Fanuc (OTCPK:FANUY), up 10.2% in local trade early, while Softbank (OTCPK:SFTBY) is up 0.5% and Fast Retailing (OTCPK:FRCOY) up 1.7%.
- Big exporters are benefiting from a weaker yen: Toshiba (OTCPK:TOSYY) up 0.3%; Toyota (NYSE:TM) up 0.3% in Tokyo trade.
- ETFs: DXJ, EWJ, FXY, YCS, DFJ, JYN, NKY, DBJP, EZJ, EWV, JPNL, YCL, DXJS, SCJ, JSC, ITF, JPP, HEWJ, FJP, QJPN, JPMV, DXJT, DXJH, DXJR, DXJC, DXJF
Dec. 26, 2014, 6:37 AM
- Chief Executive Hisao Tanaka has announced that Toshiba (OTCPK:TOSBF) will decide during the next business year from April on where to build an additional memory chip plant and will consider overseas locations for the facility.
- The move comes less than four months after opening a NAND flash memory chip fabrication plant in Yokkaichi, Japan.
- Demand is currently outstripping capacity at the new plant, and Toshiba is now looking to expand production (likely to begin in 2017).
Sep. 18, 2014, 4:48 AM
- Toshiba (OTCPK:TOSBF) is moving forward with the restructuring of its PC business, cutting 900 jobs and exiting its business-to-consumer operations in some regions.
- The Japanese conglomerate expects the restructuring to slash operating profit by ¥45B ($414M), but did not change its earnings forecast for the current year to March, as better-than-expected earnings in electricity and other operations offset the impact.
- Toshiba will also cut fixed costs by more than ¥20B vs. the previous fiscal year and reduce the number of sales bases around the world to 13 from 32.
May 20, 2014, 7:35 AM
- The U.S. has charged five Chinese military officers for hacking into American nuclear, metal and solar companies to steal trade secrets.
- Companies that the suspects targeted include Alcoa (AA), Allegheny Technologies (ATI), United States Steel (X), Toshiba (TOSBF) unit Westinghouse Electric, the U.S. operations of SolarWorld (SRWRD), and a steel workers' union.
- Officials said the firms suffered "significant" losses, although they declined to provide details.
- Alcoa said that to its knowledge, "no material information was compromised."
- The U.S. probably won't be able to prosecute the officers, as China is unlikely to hand them over.
- The charges come amid long-running tension between the U.S. and China over cyber-espionage. Documents leaked by Edward Snowden show that the U.S. has tampered with Cisco-made equipment that was for sales overseas.
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.
Apr. 3, 2013, 8:55 PMJapanese stocks fall in early trading, weighed by gains for the yen overnight ahead of a key central-bank decision. The Nikkei Average dropped 1.9% to 12,126, with exporters leading declines: Honda (HMC -2%), Nissan (NSANY.PK -2.6%), Fuji Heavy Industries (FUJHY.PK -3.5%), Sumitomo Chemical (SOMMY.PK -3.7%), and Toshiba (TOSYY.PK -2.6%). | 1 Comment
Mar. 7, 2013, 8:02 PMJapanese stocks move higher yet again today as the yen eased back down to 2009 levels and pushed the Nikkei Average up 1.1% to 12,100. Exporters lead the gains: Olympus Corp. JP:7733 +1.00% (OCPNY.PK +3.4%), Toshiba (TOSYY.PK +2.3%), Nintendo (NTDOY.PK +4.7%, Advantest (ATE +3.3%), and Mazda (MZDAY.PK +4.4%). | 2 Comments
Mar. 5, 2013, 7:54 PM
Feb. 27, 2013, 8:40 PMJapanese stocks move higher in early trading, boosted by a Wall Street rally overnight. The Nikkei Average rose 1.5% to 11,419, with exporters and financials among the leaders: Toshiba (TOSYY.PK +2.7%), Canon (CAJ +2.2%), Advantest (ATE +3.1%), Toyota (TM +1.6%), Komatsu (KMTUY.PK +4.3%, and Fuji Heavy Industries (FUJHY.PK +2.8%). | Comment!
Jan. 7, 2013, 5:21 AMAs planned, Toshiba (TOSYY.PK) has bought Shaw's (SHAW) 20% stake in Westinghouse Electric for Y125B ($1.4B), taking the Japanese company's holding in the U.S. nuclear-power unit to 87%. Toshiba said in December that it's negotiating with three potential investors to sell up to 16% of Westinghouse. | Comment!
Jan. 3, 2013, 8:05 PMJapanese stocks move higher, as investors returned from a weeklong holiday to find the yen sharply weaker than when they left. The Nikkei Average jumped 2.8% to 10,686, with big export names posting heavy gains: Toshiba (TOSYY.PK +4.5%), Nikon NINOY.PK]] +5.3%), Hitachi (HTHIY.PK +3.8%), Bridgestone BRDCY.PK +7.1%), Toyota Motor (TM +4.5%), and Honda (HMC +4.9%). Financials also move up: Nomura Holdings (NMR +4.2%), Mitsubishi UFJ Financial Group (MTU +3.3%), Daiwa Securities Group (DSEEY.PK +3.6%. | Comment!
Oct. 10, 2012, 3:25 AMToshiba agrees to acquire Shaw's (SHAW) 20% stake in nuclear power-plant company Westinghouse Electric for Y125B ($1.6B), thereby lifting the Japanese conglomerate's holding to 87%. Toshiba has also received interest from new potential partners about buying a stake in Westinghouse, although Toshiba wants to maintain a majority holding. (PR) | 1 Comment
Oct. 1, 2012, 8:28 PM
Sep. 3, 2012, 8:00 AMAn international research team that includes Nokia (NOK), Toshiba and university scientists are set to introduce a breakthrough quantum chip at the British Science Festival, which starts tomorrow. The chip will facilitate mobile phones that are far more secure and ultra-fast computers. The component is made from silicon and works on light: in theory, 100 photons could solve trillions of equations simultaneously. | 2 Comments
Aug. 13, 2012, 8:02 PMToshiba (TOSYY.PK) is planning to sell a 16% stake in U.S. nuclear power-plant company Westinghouse Electric as it looks to prioritize its nuclear business in emerging markets. In October 2006, Toshiba paid about $4.2B for 77% of the company, and is looking to sell a piece to nuclear technology companies that have strong ties to emerging markets. A U.S.-based firm is reportedly among the preferred buyers. | Comment!
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