toshiba

Activist investor Elliott Management has acquired a 2% stake in Mitsui Fudosan Co Ltd (OTC:MTSFY), a leading Japanese developer. The investor is now reportedly pressuring the company to sell its shares in Oriental Land (OTC:OLCLY). What Happened: Elliott Management, a U.S.-based investment fund,...

Japanese tech giant Toshiba Corp (OTC:TOSBF), (OTC:TOSYY) concluded its 74-year presence on the Tokyo stock exchange on Wednesday, bringing an end to a tumultuous decade marked by scandals and a substantial $14 billion buyout. What Happened: The tech behemoth will now shift to private ownership...

Dell Technologies Inc.’s (NYSE: DELL) deal with a private equity firm to sell its cybersecurity subsidiary is almost final and could be announced as soon as Tuesday, the Wall Street Journal learned. What Happened The Texas-based technology company has been looking to sell RSA, which...

Western Digital Corp (NASDAQ: WDC) settled its outstanding litigation and disputes Tuesday with Toshiba Corp that could have blocked the latter’s $18-billion sale of its chip unit. But Western Digital’s concession was not a loss, according to KeyBanc Capital Markets. The Rating...

Deutsche Bank delved into the uncertainty regarding Western Digital Corp (NASDAQ: WDC)'s joint venture with Toshiba Corp (USA) (OTCMKTS: TOSYY) in a Wednesday note. Citing the uncertainty and the dynamics playing out in the NAND market, the firm downgraded Western Digital from Buy to...

It’s been a trying process, hampered by legal interference and government pushback, but Toshiba Corp has finally committed to selling its memory chip unit. The Japanese firm reportedly closed a ¥2 trillion ($18 billion) deal with an American group led by Bain Capital early Wednesday. The...

Apple Inc. (NASDAQ: AAPL) is reportedly looking to prevent Western Digital Corp (NASDAQ: WDC) from acquiring Toshiba Corp's chip business by threatening not to buy its products, Reuters reported last week. Apple currently uses Toshiba's NAND flash memory chips for its iPhone and is afraid...

A bloodbath in retail, a shortage of seasonal farmworkers, two bummer summers at the box office, a meltdown in bridal gowns and the flatlining of crude oil prices: This is the stuff of bankruptcy. Whether up close and personal or global in scale, underwater businesses and laid-off workers are often...

Western Digital Corp (NASDAQ: WDC)’s battle with Toshiba over the sale of its chip business is set to come to a conclusion on Friday, but no matter how it comes down, Loop Capital Markets analyst Ananda Baruah sees a strong future ahead. Baruah initiated coverage on Western Digital shares...

Summit Redstone analyst Kinngai Chan’s latest channel checks on the semi space show headwinds ahead for most of the industry. The analyst believes only NVIDIA Corporation (NASDAQ: NVDA) and Western Digital Corp (NASDAQ: WDC) are in position to meaningfully grow in the near and medium-term,...

Now is the time to buy into Western Digital Corp (NASDAQ: WDC), says Longbow analyst Joe Wittine. He reiterated Buy rating on the stock with a $120 price target, representing a near-40 percent upside from Friday’s open. The price target is “just 10x” the company’s calendar...

Turmoil in Japan has semiconductor stocks on the move, as Toshiba faces pressure on two fronts over the sale of its highly-prized chip business. The company failed to sell the business by Wednesday, a self-imposed deadline coinciding with its annual shareholder meeting. The Offers Toshiba had no...

Toshiba Corp. has sued California-based Western Digital Corp (NASDAQ: WDC) for $1 billion for purportedly interfering with the struggling Japanese company’s plans to sell off its lucrative flash memory unit. Toshiba, teetering on the brink of death after an ill-fated foray into nuclear power...

Shares of Chicago Bridge & Iron Company N.V. (NYSE: CBI) fell more than 6 percent on Wednesday while shares of Japan-based TOSHIBA CORP NPV (OTC: TOSBF) plummeted more than 20 percent. Chicago Bridge & Iron is a provider of services to the energy infrastructure market across the world. The...