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Re: Western Digital won't seek management role in Toshiba chip business: sources

Art Post ·
Wow, this may almost come to an end by August 31st
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CompassMSP Acquires FL-Based Managed IT Services Provider Focused on Legal Industry

Art Post ·
MIAMI, January 15, 2020 (Newswire.com) - CompassMSP , a leading managed service provider (MSP), is proud to announce the acquisition of Western Digitech, a regional leader in the legal IT services market. Since 1994, Western Digitech has provided enterprise-level IT support, practice, and solutions to law firms and other small and medium-sized businesses throughout Florida. This acquisition is part of CompassMSP’s mission to make enterprise-level IT services accessible to small and...
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Re: This History of the Fax Machine According to Art

jredmon ·
Did that as well or sometimes would take several sheets of paper that I had done a sky shot with a copier and then looped them together...lol
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Re: This History of the Fax Machine According to Art

John Saramak ·
Loved the reflection on the history of fax. Although this was a relatively low residual product it offered a new way to get in the door. In the 80's, I would follow the fed ex delivery driver who often was delivering some printed pages (agenda's, schedules, documents) that needed to be there next day or sooner. It was an ear opener when you tell them you can them there next minute without the $12.00 fedex charge. Using afterhours timing for reducing long distance charges helped separate...
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Re: This History of the Fax Machine According to Art

Art Post ·
@John Saramak now that's a cool plan! Follow the fedex driver, wish I could have thought of that one. Could only image how much more successful we could have been in the eighties if we were able to share information like this. Hope all is well with you!
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This History of the Fax Machine According to Art

Art Post ·
Go ahead, you can do it, no one will see you. It's ok to hug your fax, if you still have one.   Funny, just today, I was at an office and they told me about one of their principals that was still using a computer with a 3.5 floppy drive. He...
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Toshiba is the Sistine Chapel of corporate catastrophes

Art Post ·
Six months into its financial crisis, Toshiba is shaping up as the Sistine Chapel of corporate catastrophes: you have to lie on your back to appreciate its scale, and once you get your eye in, the beauty is mesmerising.It is also a picture that, to committed contrarians and true believers in corporate governance reform, whispers “buy Japan”. At the very least, Toshiba stands to give the Tokyo stock market a new note from which everything else will in future be tuned.Toshiba’s mess is...
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Toshiba Suing Western Digital for $1.1 Billion

Art Post ·
Japan's Toshiba (NASDAQOTH: TOSBF) has filed a fresh lawsuit against U.S. storage giant Western Digital (NASDAQ: WDC) . The suit, filed in Tokyo District Court, centers on Toshiba Memory Corporation, a 50-50 joint venture operated by the two companies. Toshiba has been attempting to sell the unit on its own in order to help shore up a damaged balance sheet. It selected a buyer, a consortium of Japan's Innovation Network Corporation, Bain Capital Private Equity, and Development Bank of Japan.
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Toshiba under pressure to consider 'Plan B' as chip sale falters: sources

Art Post ·
As the $18 billion sale of Toshiba Corp's memory chip unit to a government-approved consortium falters, some bankers and potential investors are pressing the board to seriously consider alternatives, people with direct knowledge of the sale process said - including picking a new buyer. Those people say Toshiba's leadership is sticking to Plan A: selling the world's second-largest memory chip maker to a Japanese government-backed group that also includes Bain Capital. But the clock is ticking...
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Toshiba to delay finalisation of sale

Art Post ·
Tokyo — Toshiba, whose sale of its chip unit is being challenged in court by manufacturing partner Western Digital, has agreed to delay closing the deal until a hearing on July 28. Toshiba would proceed with negotiations and contract signing in the meantime, the Tokyo-based company said. The two companies were in court in the US on Friday for a hearing on Western Digital’s request for a preliminary injunction to block the sale. The Superior Court of California suggested the companies work on...
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Toshiba says it again is blocking Western Digital access to chip JV

Art Post ·
TOKYO (Reuters) - Toshiba Corp ( 6502.T ) said it resumed blocking access by Western Digital Corp ( WDC.O ) to data at their memory chip joint venture, intensifying its dispute with the U.S. firm over the Japanese company's planned sale of the chip business. Toshiba is counting on the sale of the chip business to cover billions of dollars in cost overruns at its now bankrupt U.S. nuclear unit Westinghouse, while Western Digital says any deal would require its consent. Toshiba allowed Western...
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Toshiba Is Scrambling to Close $18 Billion Sale to Cover Losses

Art Post ·
Toshiba's board will meet on Wednesday to consider offers for its chip unit from Western Digital and Taiwan's Foxconn in addition to a bid from a consortium that was previously favorite, a source familiar with the matter said. Toshiba is scrambling to sell its flash memory unit to cover losses from its bankrupt U.S. nuclear business Westinghouse. But it has struggled to close a 2 trillion yen ($18 billion) deal with the group it previously chose as preferred bidder —a consortium including...
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Western Digital CFO: Toshiba unit sale 'desperate' and a ‘disaster’

Art Post ·
Western Digital has fighting words for partner Toshiba as the Japanese company considers selling its chip unit to another suitor. San Jose-based Western Digital has been pursuing exclusive discussions with Toshiba to purchase its chip unit. But one of its executives issued fresh attacks on Toshiba on Monday, according to a Bloomberg report. “We are deeply troubled by the tension between the depth of Toshiba’s desperation and their willingness to do things that we didn’t think they would do...
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Western Digital takes legal action to block sale of Toshiba's chip unit

Art Post ·
By Makiko Yamazaki | TOKYO TOKYO Western Digital Corp ( WDC.O ) has sought international arbitration to stop partner Toshiba Corp ( 6502.T ) from selling its chips arm without its consent, potentially derailing a much-needed capital injection for the Japanese conglomerate. The two companies jointly operate Toshiba's main semiconductor plant but Western Digital is not a favored bidder for the world's second biggest NAND chip producer, having put in a much lower offer than other suitors, a...
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CompassMSP Acquires FL-Based Managed IT Services Provider Focused on Legal Industry

Art Post ·
CompassMSP , a leading managed service provider (MSP), is proud to announce the acquisition of Western Digitech, a regional leader in the legal IT services market. Since 1994, Western Digitech has provided enterprise-level IT support, practice, and solutions to law firms and other small and medium-sized businesses throughout Florida. This acquisition is part of CompassMSP’s mission to make enterprise-level IT services accessible to small and medium-sized businesses. With this acquisition,...
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Toshiba, Western Digital enter talks on memory sale

Art Post ·
TOKYO -- Toshiba has begun negotiations with business partner Western Digital in hopes of reaching an agreement this month to sell its flash memory arm and salvage a vital part of its turnaround plans, it was learned Tuesday. A consortium including Western Digital, Kohlberg Kravis Roberts of the U.S., the public-private Innovation Network Corp. of Japan and the state-backed Development Bank of Japan has tendered a roughly 1.9 trillion yen ($17.3 billion) bid for Toshiba Memory. The American...
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Western Digital won't seek management role in Toshiba chip business: sources

Art Post ·
TOKYO (Reuters) - Western Digital Corp (WDC.O), part of a group offering to buy Toshiba Corp’s (6502.T) memory chip unit, is not seeking a management role in the business, people familiar with the matter told Reuters on Friday. Toshiba is scrambling to sell its flash memory unit to cover losses from its bankrupt U.S. nuclear business Westinghouse. A consortium that includes Western Digital is offering around 1.9 trillion yen ($17.3 billion) for the unit, with the U.S. firm offering 150...
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Toshiba takes another blow as US court rules in Western Digital's favour

Art Post ·
Toshiba attempts to sell-off its valuable memory business have hit yet another roadblock. After months of legal wrangling with its partner Western Digital, a California Court has now ordered Toshiba to give Western Digital access to joint-venture assets that it was previously withholding. The Superior Court of California granted motion for preliminary injunctive relief made by Western Digital subsidiary SanDisk, allowing it access to certain information stored on databases owned by Toshiba.
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Toshiba’s microchip business stays in limbo after Western Digital deal failure

Art Post ·
JAPANESE tech giant Toshiba met yet another roadblock in its efforts at finding an outside investor for its multibillion-dollar microchip business last week. After weighing its options anew, the Asian tech giant ultimately failed yet another self-imposed deadline to complete what is estimated to be a US$17 – US$18 billion dollar deal . Toshiba’s microchip business is widely regarded as the second largest in the world, with the firm providing NAND chips for various tech manufacturers. The...
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Western Digital to seek injunction to block Toshiba's $18 billion chip unit sale

Art Post ·
TOKYO (Reuters) - Western Digital Corp ( WDC.O ) said on Tuesday it will seek an injunction to block the sale of Toshiba Corp’s ( 6502.T ) prized semiconductor business to a rival group, upping the ante in an acrimonious battle with its chip venture partner. The latest legal action by the U.S. firm, which jointly invests in Toshiba’s main chip plant, comes in the wake of the Japanese conglomerate’s decision last week to sell the unit to a consortium led by Bain Capital LP and South Korean...
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Western Digital offers to exit Toshiba chip bid for better joint-venture terms:

Art Post ·
Western Digital has offered to drop out of a bid for Toshiba's lucrative semiconductor business in return for a stronger position in the two companies' chip joint venture, two sources said on Tuesday. Toshiba needs to sell the chip unit to plug a giant hole in its finances caused by the failure of the conglomerate's U.S. nuclear business, but the deal has snagged on such issues as antitrust concerns if the U.S. disk-drive maker were a major owner. To help close the deal, California-based...
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Toshiba said to be nearing resolution in Western Digital dispute

Art Post ·
SAN FRANCISCO – Toshiba Corp. and Western Digital Corp. are close to settling their legal dispute under an agreement that the U.S. company will drop efforts to block Toshiba’s $18 billion sale of its flash-memory business in exchange for the extension of their joint venture agreements, according to people familiar with the matter. Western Digital plans to end arbitration claims in the U.S. to stop Toshiba from selling the chip business to a consortium led by Bain Capital as part of the...
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Toshiba, Western Digital aiming to settle chip dispute next week: sources

Art Post ·
TOKYO (Reuters) - Toshiba Corp ( 6502.T ) and Western Digital Corp ( WDC.O ) have agreed in principle to settle a dispute over the Japanese firm’s plans to sell its $18 billion chip unit and aim to have a final agreement in place next week, sources familiar with the matter said. The board of the embattled Japanese conglomerate approved a framework for a settlement on Wednesday, one of the sources said. read the rest here
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Supply chain issues affect Western Europe

Art Post ·
Supply chain issues affect Western Europe Report from IDC - Market for printers/MFPs contracted by 21.5% during last quarter - 4.07 million units shipped in Western Europe as compared with 5.19 million units in 2020 during same quarter - Inkjet market down 19.5% - Laser segment down 27.1%
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Today's Hacked!

Art Post ·
Hacked! FBI disrupts Russian hacking tool used to steal information from foreign governments .... . The FBI announced Tuesday that it has disrupted a network of hacked computers that Russian spies have used for years to steal sensitive ... Western Digital customer info hacked ; company says investigation is underway ....Western Digital, a global data storage technology and solutions provider, has announced that it suffered a network security breach that occurred on March 26, 2023. The...
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