Bulls on Western Digital stock on Monday were high-fiving the company for what they perceived as a court victory on Friday, when a judge told Western and Toshiba, who is trying to sell its NAND chip manufacturing unit, to come back on July 28th with proposed wording for an order.
A California judge put on hold Friday a request by Western Digital to block the sale of Toshiba's chip division, suggesting a more collaborative order. San Francisco Superior Court Judge Harold Kahn gave Toshiba and Western Digital until...Show More Summary
Western issued a press release saying it won a victory in a San Francisco court because the judge directed Toshiba not to transfer interests in their joint venture without prior notice, although both parties were instructed to return to court in 14 days to discuss the matter further. RBC said the direction of the hearing was a "slight positive" for Western.
After Western digital and Toshiba couldn't agree on proposed language of an injunction requested by Toshiba, a judge in San Francisco ordered both to come back on July 28th with new suggestions.
Toshiba on Wednesday introduced its first BiCS 3D TLC NAND flash chips with 512 GB and 1 TB capacities.. The new ICs stack 8 or 16 3D NAND devices using through silicon vias (TSVs) and are currently among the highest capacity non-volatile memory stacks available in the industry. Show More Summary
The troubled Japanese tech company had announced plans to sell the unit to a group of investors, setting off a public battle with Western Digital.
Western Digital won a small victory in gaining a restraining order against Toshiba in the battle over the fate of the assets of their joint venture in NAND, but analysts are unsure if this fight will resolve itself quickly or drag on substantially.
Western Digital said it won a restraining order that would block Toshiba, its joint-venture partner, from restraining access to information at plants that underly their partnership, and also compel Toshiba to deliver chips it's obliged to give Western, as the two apparently negotiate the sale of Toshiba's NAND chip unit.
Despite having picked another group as the preferred bidder for its memory business, Toshiba is reportedly talking to two other interested parties as well -- Western Digital, and a Foxconn consortium including Apple, Dell, and Kings...
Western Digital may be able to reach a resolution in its dispute with joint venture partner Toshiba before the two have to go to court this Friday, according to Stifel's Aaron Rakers, after reviewing court documents. Western has requested a injunctive relief as it objects to the way Toshiba has been pursuing a sale of the chip venture the two control.
The Japanese conglomerate Toshiba bought a 60 percent stake in Landis+Gyr for $2.3 billion in 2011. Earlier this year, the industrial, electronics and energy giant reportedly started seeking out a buyer for the Swiss smart metering company,...Show More Summary
Toshiba Corp has asked a U.S. court to dismiss a Western Digital Corp request for an injunction to prevent a sale of the Japanese firm's chip business, saying the court has no jurisdiction and that an injunction would cause irreparable harm. Show More Summary
Toshiba last week announced its first 3D NAND flash memory chips featuring QLC (quadruple level cell) BiCS architecture. The new components feature 64 layers and developers of SSDs and SSD controller have already received samples ofShow More Summary
A plan for the sale of Toshiba’s semiconductor unit includes an option for SK Hynix to eventually take a minority stake in the business, contradicting Toshiba’s public statements.
Toshiba and Western Digital made two big technology announcements this week. One company announced shipping 4-bit per cell QLC flash and the other touts 96-layer BiCS. The announcements come at a contentious time between the manufacturing partners.
Due to serious financial difficulties, Toshiba is trying to sell off their stake of their very successful flash memory business to keep the rest of the company afloat. Western Digital, as a result of their acquisition of SanDisk last year, owns half of the joint venture that Toshiba is selling their stake in. Show More Summary
Western Digital Corp. lashed back against its joint venture partner Toshiba on Thursday in a deepening feud over the Japanese company's plan to sell its computer memory business.
Toshiba Corp. has missed its self-imposed deadline to sell off its memory business, which was supposed to take place before its annual shareholder meeting, and now Toshiba has filed a $1 billion lawsuit against Western Digital Corp. for its role in delaying the deal. Show More Summary
Toshiba Corp. (OTCMKTS: TOSYY) is desperately in need of funds – and it's running out of time. The post Toshiba Walks into Its Shareholders’ Meeting with a “Disaster” on Its Hands was originally published at The Wall Street Examiner. Follow the money!
Western Digital trumpeted a breakthrough in NAND flash engineering, and Toshiba boasted of its own skill, as the battle between the two for control of Toshiba's NAND operation took a new turn with Toshiba suing Western.