Toshiba's rocky future: possibility of bankruptcy filing after chairman resigns following a $6.3 billion loss

[Tim Q]

Quote

TOKYO — The chaos at Toshiba, the Japanese corporate giant, deepened Tuesday, with its chairman resigning and the company saying it would book a $6.3 billion loss related to its U.S. nuclear business.

 

Analysts are now speculating about the possibility that Toshiba, which employs almost 200,000 people in Japan and has significant investments in the United States, will have to file for bankruptcy.

 

“This is one of Japan’s historic corporations and it’s very important to the Japanese economy, so this could be very significant for Japan,” said Tom O’Sullivan, a Tokyo-based energy analyst. “It would even impact Japan’s sovereign credit rating if there’s a knock-on effect.”

 

It would be sad to see Toshiba go - I do have a soft spot for them being the makers of first laptop I had.

If they do go under, other brands under the Toshiba corporate umbrella like OCZ might go down with them too.

 

Source: The Washington Post - https://www.washingtonpost.com/world/chaos-at-toshiba-63-billion-writedown-chairman-resigns-bankruptcy-looms/2017/02/14/60156673-8abc-482a-b89b-525f412060a8_story.html?postshare=7731487065572915&tid=ss_tw&utm_term=.2524654906aa

[Creed1]

I feel the same. My first laptop was also a toshiba. I am no longer a fan of their devices now though. For me they don't last long. 

[WolfoftheShadow7465]

8 minutes ago, Tim Q said:

 

It would be sad to see Toshiba go - I do have a soft spot for them being the makers of first laptop I had.

If they do go under, other brands under the Toshiba corporate umbrella like OCZ might go down with them too.

 

Source: The Washington Post - https://www.washingtonpost.com/world/chaos-at-toshiba-63-billion-writedown-chairman-resigns-bankruptcy-looms/2017/02/14/60156673-8abc-482a-b89b-525f412060a8_story.html?postshare=7731487065572915&tid=ss_tw&utm_term=.2524654906aa

this would mean less competition in there markets, so good and bad i guess. time will tell how this turns out

[ProjectBox153]

I have a Toshiba Pentium 4 laptop that I've used pretty much my whole life. It would be really sad to see them go. I like Toshiba. I have one of their Core 2 Duo laptops and it served great as a daily driver until a relative gave me an "old" Core i3 based HP. 

[AlTech]

10 minutes ago, Tim Q said:

 

It would be sad to see Toshiba go - I do have a soft spot for them being the makers of first laptop I had.

If they do go under, other brands under the Toshiba corporate umbrella like OCZ might go down with them too.

 

Source: The Washington Post - https://www.washingtonpost.com/world/chaos-at-toshiba-63-billion-writedown-chairman-resigns-bankruptcy-looms/2017/02/14/60156673-8abc-482a-b89b-525f412060a8_story.html?postshare=7731487065572915&tid=ss_tw&utm_term=.2524654906aa

fix for dark theme

[Tim Q]

8 minutes ago, AluminiumTech said:

fix for dark theme

Removed formatting, should look fine now

[VerticalDiscussions]

RIP Toshiba. Been carrying one of theyr laptops since 2009 :(.

[AlTech]

I've never bought a Toshiba product but i'm sure somebody'll miss them.

[Sakkura]

If Toshiba goes under in this way, it could be the end of significant investment in nuclear power. This news is really bad for the climate.

[That Norwegian Guy]

I don't think I ever bought a Toshiba product, funnily enough. First computer I bought (non-used) with my own money was Fujitsu though. Before I discovered the glory of self-building. Hope Toshiba make it.

[Deletist_Jerk]

2 hours ago, Sakkura said:

If Toshiba goes under in this way, it could be the end of significant investment in nuclear power. This news is really bad for the climate.

Yeah, many people have no idea how huge some of these Japanese companies are and they're not just confined to consumer electronics and appliances. 

 

Many of them actually have roots in heavy industry. 

[Orangeator]

This is some sad news, hope this doesn't harm Japans economy.

[alexcheetah]

sad news.

[suicidalfranco]

old japanese man at work

[dalekphalm]

3 hours ago, Fooshi said:

Aww. That sucks. Toshiba is one of those companies that haven't really done anything wrong (product wise, that is).

 

Their HDDs are pretty good, laptops are probably the best looking consumer laptops that aren't premium (Razer Blade, HP Spectre, etc.) and they seem to be the only ones making TVs (besides Sony) that aren't bloated to shit with useless features. (Give me non-Smart TV, 100HZ 50" OLED pls)

 

Hoping someone will buy out their awesome divisions.

Very unlikely you'll get a consumer 100Hz TV. 100Hz is just a bad resolution refresh rate to work with, as it doesn't multiply as a whole number with many of the industry standards (notably, 24p Blu-Ray/Cinema content) - perhaps in some limited European release that can work with 25Hz and 50Hz PAL content?

 

A VRR version could of course work totally fine, but why stop at 100Hz and not just bump up to 120Hz?

[Arc_Jester]

I haven't had many Toshiba products but I have a 250GB HDD from them that has been going strong since 09 and I like OCZ.

[dalekphalm]

I just bought 4x 3TB Toshiba HDD's recently. So I'm hoping they'll last at least as long as the warranty is valid for  

[ProjectBox153]

20 minutes ago, dalekphalm said:

Very unlikely you'll get a consumer 100Hz TV. 100Hz is just a bad resolution to work with, as it doesn't multiply as a whole number with many of the industry standards (notably, 24p Blu-Ray/Cinema content) - perhaps in some limited European release that can work with 25Hz and 50Hz PAL content?

 

A VRR version could of course work totally fine, but why stop at 100Hz and not just bump up to 120Hz?

Resolution? 100Hz isn't resolution, it's refresh rate. 

[dalekphalm]

17 minutes ago, Jamiec1130 said:

Resolution? 100Hz isn't resolution, it's refresh rate. 

Typo - if you had read the rest of my post, you would have inferred that, since "resolution" would make no sense in the context of my post.

[dalekphalm]

22 minutes ago, Fooshi said:

True 100Hz TVs have been out for years. It's nearly the standard now.

Can you post a link about this?

 

In North America, "true" 60Hz is still common (eg: lots of 120Hz panels are 60Hz panels using tricks like strobing, etc) - though there may actually be true 120Hz panels out too.

[ProjectBox153]

4 minutes ago, dalekphalm said:

Typo - if you had read the rest of my post, you would have inferred that, since "resolution" would make no sense in the context of my post.

OK. I did, I just wanted to make sure it was cleared up for future readers who wouldn't understand. 

[thenastyjbenny]

This sucks. First gaming TV was a Toshiba cube + original xbox, and I loved that thing, it kicked ass for it's time. Lasted a long time too. Oh well.

[PlayStation 2]

1 hour ago, dalekphalm said:

Very unlikely you'll get a consumer 100Hz TV. 100Hz is just a bad resolution refresh rate to work with, as it doesn't multiply as a whole number with many of the industry standards (notably, 24p Blu-Ray/Cinema content) - perhaps in some limited European release that can work with 25Hz and 50Hz PAL content?

 

A VRR version could of course work totally fine, but why stop at 100Hz and not just bump up to 120Hz?

Even then, Europe's been shifting towards 24p/30p/60i/p content in recent years, so it just gets even nastier.

[Guest Kloaked]

Bankruptcy doesn't always mean RIP. They may not be going anywhere as long as they can recover.

[Totallycasual]

I bet he was still paid a disgusting sum of money.