| To: Sam who wrote (4639) | 4/15/2021 1:08:07 PM | | From: Bruno Cipolla | | | | TOKYO (Reuters) - Japan Investment Corp (JIC) and Norinchukin Bank are considering buying Toshiba Corp, the Nikkan Kogyo Shimbun reported on Thursday, a Japan-led bid which may be more palatable to regulators and management than rival offers by foreign funds.
Private equity fund CVC Capital Partners, which has already made a preliminary offer for Toshiba, may join the bid to take the conglomerate private, but the Japanese funds would lead the offer, the newspaper said.
The newspaper said other government-affiliated funds may join the bid.
JIC declined to comment when contacted by Reuters, whereas Norinchukin officials were not immediately available.
CVC earlier this month proposed to take Toshiba private, and is expected to soon provide details of its $20 billion proposal.
The chairman of Toshiba's board has criticised CVC's offer so far as "lacking in substance", and has also said it would require cautious consideration due in part to regulations over foreign investment in Japanese companies with strategic technologies.
Toshiba's technology is used in missile guidance and other defence systems, for example.
Media reports have also named KKR & Co Inc and Brookfield as also considering offers for the company. The Nikkei newspaper on Wednesday said CVC was planning to team up with Bain Capital.
The latest report comes a day after Toshiba appointed a new chief executive after controversy over previous leader Nobuaki Kurumatani who faced criticism over governance issues.
(Reporting by Takashi Umekawa and Makiko Yamazaki; Writing by Ritsuko Ando; Editing by Shri Navaratnam and Christopher Cushing) |
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| From: Elroy | 4/29/2021 4:53:10 PM | | | | | | In addition, many cloud customers also utilize NAND flash for their consumer product lines,
Hmmmm, can anyone explain what that means? What’s a cloud customer’s consumer product line?
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Sales down 1% year on year. Free cash flow negative $11 million. WDC share price climbing higher.
Some day it will grow and produce free cash, maybe. Hopefully soon MU and WDC and Kioxia can all merge and get this dance over with. |
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| To: Elroy who wrote (4645) | 4/29/2021 5:20:46 PM | | From: SiliconAlley | | | | What’s a cloud customer’s consumer product line?
Mr. Google can easily answer your question.
Some day it will grow and produce free cash, maybe
Of course you ignore the fact that they generated 116 million cash from operations. This is how they invest for growth, as well as pay down debt. Free cash flow is not a meaningful metric for a growth company. |
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| From: Elroy | 4/29/2021 8:49:02 PM | | | | | | Last year in Q1 WDC and many other stocks took a hit to sales due to the new “pandemic” global dilemma.
This year in Q1 most companies are blowing out sales to the upside as the US exits the pandemic, and can barely keep up with demand.
Last year = weak, this year = strong.
In that environment WDC posts a year on year revenue decline of 1%.
Why is this positive news? Because they cut operating expenses? Yes, that’s good, but tech stocks like revenue growth. Is WDC ever going to grow? |
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| To: Elroy who wrote (4647) | 4/30/2021 2:30:16 PM | | From: SiliconAlley | | | | In that environment WDC posts a year on year revenue decline of 1%. Why is this positive news?
Knowledgeable investors look to the fundamentals and future, and not to a blip of the past. While you focus on numbers, and manipulate them to fit a preconceived notion, we focus on what those numbers mean. |
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