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| Toshiba gave us flash memory and portable PCs — and a lesson in risky nuclear bets | |
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| Tweet Topic Started: Apr 12 2017, 06:58 AM (204 Views) | |
| Deleted User | Apr 12 2017, 06:58 AM Post #1 |
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SAN FRANCISCO — Toshiba introduced millions of Americans to high-end TVs and portable computers. Now, it could be saying goodbye. The 142-year-old Japanese conglomerate, commissioned by that country's Ministry of Engineering to develop telegraphic equipment back when Ulysses S. Grant was U.S. president, warned in a financial report Tuesday there is "substantial doubt" about its ability to continue as a "going concern." The potential fall of the Toshiba brand comes with more than a dash of bittersweet memories for Americans. Many were weaned on the company's dependable TVs and got their first taste of portable computing with the T1100, "the world's first mass-market laptop computer" in 1985 — but have since moved on to Apple iPhones, Samsung TVs and Amazon Echoes. Toshiba doesn't sell home appliances in the U.S., and two years ago, it said it would stop making and selling its TVs in North America. It still sells laptops, accessories, hard-drives and phone systems here, available through retailers like Best Buy and Amazon. Beyond consumers, the fate of Toshiba could potentially impact the U.S. economy. To patch up its bleeding balance sheet, Toshiba is selling a majority stake in its vaunted computer-chip business. Foxconn, the Taiwan-based components supplier, has offered as much as $27 billion, according to the Wall Street Journal. Toshiba spokeswoman Kaori Hiraki declined to comment. "Think of the (intellectual property) that could end up in the hands of a company that competes with U.S. companies," says J.P. Gownder, an analyst at market researcher Forrester. "That is sure to get the attention of the Trump administration." https://www.usatoday.com/story/tech/news/2017/04/11/toshiba-us-going-concern-americas-tvs/100323986/ |
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| Deleted User | Apr 12 2017, 07:01 AM Post #2 |
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This is a damn shame. Our company has had nothing but Toshiba laptops the past 15 years or so, and they've had very rare hardware issues. My last one is a 2011 and I've replaced the hard drive once; otherwise, no issues. Rock solid. Are there any other brands out there that last so well? |
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| Drudge X | Apr 12 2017, 09:14 AM Post #3 |
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Toshiba is one of the most reliable brands out there. Aiwa was another very reputable brand. I have a pair of Aiwa speakers made in Japan from the 80s and both are still going. They sound better than all the Chinese made brands today. Also, throw Pioneer, Nakamichi, and Denon in the mix. |
| Kate Steinle was separated from her family permanently but leftists didn't seem to mind. | |
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| Demagogue | Apr 12 2017, 10:02 AM Post #4 |
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There is a lot of blame going toward the failure of the nuclear business and that was a loss but Toshiba has been losing business in its retail side for quite some time. Their purchase of Westinghouse (which these days is just a nuclear power engineering design house) was not a bad move. Things go a little risky when they chose to spend a good bit of money on a US construction company that builds nuclear power plants. Their vision was that they would be able to be a design build firm for nuclear power. With the spiking costs (back then) of oil they saw a market for the latest generation of nuclear power plants which are vastly better than anything currently out there. They have 4 of these reactors under construction in the US. The thing is, the Fukashima thing happened. Mind you the Fukashima plant used a GE setup not the Westinghouse setup. Two of the units were from Toshiba but that was before Toshiba bought Westinghouse. As I understood it those were GE designs built by Toshiba under license. Anyway, we had the earthquake/tsunami and then we had Obama. Not a single new nuclear power plant was given the go ahead under Obama. The 4 reactors currently under construction in the USA (part of the reason Toshiba thought there was a market) were all started under GWB. Since then, there have been many cost overruns at the plants and some of those were at the hands of the many "reviews" that were made after Fukashima. Those plant designs are so far removed from the ones at Fukashima that they really can not even be compared but still they made them go through a ton of delays thanks to what happened in Japan. Those delays and the complete lack of new plants killed the Toshiba nuclear business. Evidently, that may even kill the parent Toshiba now. |
| People sleep peacefully in their beds at night only because rough men stand ready to visit violence on those who would do them harm. | |
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