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> "Think of it like The Toys-R-Us of DRAM" except you're completely wrong. DRAM business is booming and is/was the most profitable BU of Toshiba; Their reason
by zeusk 9y ago
> "Think of it like The Toys-R-Us of DRAM"
except you're completely wrong. DRAM business is booming and is/was the most profitable BU of Toshiba; Their reason to selling it is because of the debt and losses incurred as a result of their westinghouse acquisition.
- basch 9y agothey also had a huge accounting scandal very recently. westinghouse was icing on the cake. the company has admitted to inflating its net profits by $1.3bn over seven years. then, former top management played a role in the padding of profits by an additional ¥40bn ($339m) over a three-year period.