DV Hardware bringing you the hottest news about processors, graphics cards, Intel, AMD, NVIDIA, hardware and technology!

   Home | News submit | News Archives | Reviews | Articles | Howto's | Advertise
 
DarkVision Hardware - Daily tech news
August 21, 2017 
Main Menu
Home
Info
News archives
Articles
Howto
Reviews
 

Who's Online
There are currently 110 people online.

 

Latest Reviews
Zowie P-TF Rough mousepad
Zowie FK mouse
BitFenix Ronin case
Ozone Rage ST headset
Lamptron FC-10 SE fan controller
ZOWIE G-TF Rough mousepad
ROCCAT Isku FX gaming keyboard
Prolimatech Magnetic Pin
 

Follow us
RSS
 

Toshiba says it is struggling to survive

Posted on Tuesday, April 11 2017 @ 16:07:22 CEST by


Toshiba logo
After two delays, Toshiba finally filed its third-quarter financial results earlier today but it warned investors that there are "material events and conditions that raise substantial doubt about the company's ability to continue as a going concern". Curiously, the results were not audited by the company's auditor, PricewaterhouseCoopers Aarata, and Toshiba says it has still not fully determined the full cost of restructuring Westhinghouse.

Full losses for the year could top 1 trillion yen ($9.05 billion) and the company's shareholder equity heading deeper into the negative territory. An accounting scandal as well as the Chapter 11 bankruptcy of the Westinghouse nuclear division put Toshiba in severe trouble. This is pushing Toshiba to sell its chip division, which includes its profitable NAND flash memory crown jewels.
Toshiba said that while it had not yet fully determined the full cost of restructuring Westinghouse, its calculations suggested net income would fall by roughly 620bn yen.

There is also a risk the value of shareholders' equity could fall even further - potentially down to -620bn yen from -150bn yen announced in February.
Toshiba said it will do whatever is in its power to prevent a stock delisting by the Tokyo Stock Exchange (TSE).

Via: Telegraph



 



 

DV Hardware - Privacy statement
All logos and trademarks are property of their respective owner.
The comments are property of their posters, all the rest © 2002-2017 DM Media Group bvba