Tish Tosh and your gone
Was once the envy of the west.
Some Toshiba creditors are thinking the unthinkable, saying the company should seriously consider declaring itself bankrupt. The reason is that Toshiba now has more obligations than cash, and is worth less than it should be, threatening its ability to survive as a going concern. Toshiba has estimated its liabilities are …
They should just declare bankruptcy because the USA (corporation(s)) scammed them into an untenable position and the US Western Digital are being damned unreasonable; just like Greece should default because they are in depression! Sometimes retreat is the best option, so that you can recover/rebuild for future battles!
In Holland we have cable operators, for example the previous UPC and Ziggo. Back in the days they provided services through the cable such as Internet, telephone and television. But the bizarre thing is that especially in he beginning those companies only managed to generate revenue, but not a single dime worth of profit. And that went on for years and years to come. To make matters worse the customer service and overall happiness wasn't exactly that great as well. A company like UPC almost held a permanent place in "lists of shame" on television programs which kept consumer rights in mind.
Right now Ziggo is still a thing yet it has been taken over by UPC which has been taken over by Liberty Global, and UPC more or less got merged into Ziggo (something I still consider somewhat of a sad development) and only recently did they manage to actually create a bit of a profit.
Unfortunately not too many people bother to look at the global picture. Although they do manage to generate profits now (as far as I know) I always wonder about all those previous years where they effectively wrote down losses and revenue and not much else.
I guess this is the modern way of doing business... Generate a gigantic depth, but ensure you become too big to just drop off and you can continue for the next dozens of years to come.
Has Amazon EVER made a profit?
Yes, yes it has. For the last 8 consecutive quarters (2 years) it has made profits:
Q2 2015: $92m
Q3 2015: $72m
Q4 2015: $482m
Q1 2016: $513m
Q2 2016: $857m
Q3 2016: $252m
Q4 2016: $749m
Q1 2017: $724m
For a total of $3.7B over the last 2 years.
And they in turn suckered Toshiba good too. I'll bet it wasn't a happy day when the Tosh Board realized what had happened. :-(
Lots of fail to go round here.
The problem is the Westinghouse. section.
Cut it loose, dig a big hole and drop it down it.
The article currently says the bid is ¥2.2tn, i.e. 2,200,000,000,000 Japanese Yen, which Google converts to about $20bn, which is close enough to your $18bn. But:
1) The flash business is already on the books as an asset with a book value. Selling it takes away that asset from Toshiba's books and adds a pile of cash instead. So the question is really whether the sale price exceeds the book value by $5bn or not.
2) if the sale is delayed for 2 years due to legal action then it doesn't matter how much it might have sold for, it'll be too late to save Toshiba.
They are in my shit list for cancelling a film I wanted to see in the format I wanted and forcing me to pirate it.
Yes the HDDVD debacle, and yes I did email the company and say I downloaded from Pirate Bay, copied it to the hard drive on my PS3 and watched it from there, because they cancelled the BluRay due to Toshiba bribery.
Yes I did watch quite a few HDDVD rips where no BluRay like this.