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Toshiba Acquires WD HDD Manufacturing Equipment and Transfer of HDD Manufacturing

btarunr

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#1
Toshiba Corporation (TOKYO:6502) today announced that it has entered into a definitive agreement with Western Digital Corporation (NYSE: WDC) on Toshiba's acquisition of certain of Western Digital's 3.5-inch HDD manufacturing equipment and related intellectual property, and the transfer to Western Digital of Toshiba Storage Device (Thailand) Co., Ltd. (TSDT), Toshiba's wholly-owned HDD manufacturing subsidiary located in Thailand.

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btarunr

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#3
Come one, Do we need two news postings about the same news? One from the perspective of Toshiba, the other from WD? Is news that slow today?
 
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#4
Toshiba, Leading Innovation. :D
 
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#5
Come one, Do we need two news postings about the same news? One from the perspective of Toshiba, the other from WD? Is news that slow today?
its called press release news day :p
 
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#6
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#7
Wait. So Toshiba's buying equipment and patents from WD so they can manufacture hard drives again, but they're selling Toshiba Storage Device Ltd. to WD? They're gaining the ability to make hard drives, but selling their hard drive company?

Does. Not. Compute.
 
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#8
Option 1
Tax.accounting trick. They'll swap licenses, do reverse buy-backs, write-off goodwill, account for goodwill, make real costs become exceptional reorganisation costs etc.etc. Then sell buy-back next year. So much window dressing of the books everyone will be obconfuzsaskatedized!

Option 2
PR fail. Someone typoed big time

Option 3
Strategic mixup and no-one noticed yet. Oh shit. Heads will roll.
 
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#10
ok now I am confused. Which HDD I am buying, WD or Hitachi or Samsung or Seagate? Who owns what?
 
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#11
This either going to be really funny or really bad.
 

pabag

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#12
Toshiba great going, suddenly I see Toshiba everywhere. They seem to be on a killing spree.