Despite Improved Balance Sheet, Toshiba Will Not Change Its Plan to Sell NAND Flash Memory Business
The key takeaways from Toshiba’s December quarter earnings briefing were as follows: 1) The NAND flash memory business is regarded as a discontinued operation from this quarter, as Toshiba projects a higher probability that the sale of the memory business will be completed, considering the progress of antitrust law procedures and the settlement with Western Digital regarding litigation and arbitration; 2) Toshiba’s shareholders’ equity will return to the black by the end of March, as a result of...
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