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Toshiba is preparing to sabotage the joint venture with WDC


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 Toshiba is preparing to sabotage the joint venture with WDC


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POSTER: computer news   ||    TOSHIBA IS PREPARING TO SABOTAGE THE JOINT VENTURE WITH WDC

DATE:2017-05-16

Last week, Toshiba already warned that it could, if necessary, limit the access of Western Digital Corporation employees to the offices and workshops of the joint venture with SanDisk, which manufactures solid state memory.  Representatives of WDC can simultaneously lose access to the computer networks of the joint venture.  

Toshiba is forced to take these measures, as WDC ignores the arguments of the Japanese side in the dispute over the legitimacy of selling assets for the release of solid state memory.  The Japanese believe that an American partner who owns SanDisk assets can not dictate the terms of  Toshiba's core assets sale, or somehow prevent such actions.  WDC also believes that Toshiba should coordinate its steps in this direction with the legal successor of SanDisk, which it is.

The CFO of WDC has already stated this month that each of the potential buyers of Toshiba assets that are mentioned in the news is a problematic candidate.  The problem is that Foxconn is ready to offer about $ 26 billion for the assets of the Toshiba division, and the money of the Japanese corporation is very much needed now.  According to preliminary estimates, annual net losses reached $ 8.4 billion, and without the sale of the solid-state memory business, the situation will continue to worsen.  .  However, WDC does not have sufficient funds to beat competitors' rates in the struggle for Toshiba assets.  For this reason, the US hard drive manufacturer is trying to exert pressure on Japanese partners through legal procedures.

There is another nuance - WDC has not yet consolidated its participation in the joint venture with Toshiba, so the Japanese side still has legitimate reasons not to allow the opponent's employees to venture in Japan, where solid-state memory is produced jointly with SanDisk.  It is interesting that the employees of SanDisk itself should keep access to the workplace - apparently, the transfer of staff to the staff of WDC has not yet been fully implemented.


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 Toshiba is preparing to sabotage the joint venture with WDC


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Related news:

Japanese investors plan to buy Toshiba assets (2017-05-21)
Toshiba is preparing to sabotage the joint venture with WDC (2017-05-16)
The dispute between Western Digital Corporation and Toshiba will be considered in court (2017-05-15)
Toshiba threatens to block the work of Western Digital employees (2017-05-10)
Toshiba demonstrates the prototype of the client SSD on 64-layer 3D NAND TLC (2017-05-09)
In the story with the purchase of Toshiba assets, another person appeared (2017-04-23)
The purchase of Toshiba assets by Western Digital would suit everyone, except antimonopolists (2017-04-21)
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SK Hynix reaffirms interest in buying Toshiba assets (2017-04-20)
Japanese investors ready to bid for Toshiba assets (2017-04-19)
Apple and SoftBank may be involved in bidding for Toshibas assets (2017-04-15)
Toshiba denies rumors of buyers search suspension (2017-04-14)
sale of Toshiba assets was raised by Western Digital Corporation (2017-04-13)
Foxconn ready to throw cash in Toshiba just to get the assets for the release of memory (2017-04-11)
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Toshiba is looking for buyers and businesses for the production of TVs (2017-04-10)
List of applicants for Toshibas NAND assets is shrinking (2017-04-08)
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Apple may become interested in Toshibas assets (2017-04-02)
Shareholders of Toshiba approved the issuance of memory business for auction (2017-03-31)

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