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Technology Stocks : WDC, NAND, NVM, enterprise storage systems, etc.
SNDK 223.50-0.9%11:00 AM EST
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To: Sam who wrote (2330)9/20/2017 1:08:31 AM
From: Bargain Hunter   of 4836
 
I agree with you that Toshiba is probably hoping to buy back some capacity in the future.

I disagree with your thesis (borrowed from Savolainen) that SanDisk somehow bought back the portion that they sold without it being announced, without it showing up in the financials and with NAND market bit share reports consistently showing Toshiba producing more bits than SanDisk/WDC. In the piece that you linked, Savolainen's speculation would have been about a recent event. Such an event would have showed up in the financial reports soon thereafter but it did not, so it turned out to be incorrect. I think this belief has persisted because of repeated statements about the JVs being owned 50/50 whereas the original announcement showed that Toshiba was to hold the purchased portion outside the JVs. So far as I can tell they still do.

cnet.com

The "revised allocation" will make Toshiba the sole owner of some 30 percent of the total capacity of the two ventures, Toshiba said. The remaining 70 percent will still be owned by the joint ventures, and the production capacity allocated to them will be divided equally between Toshiba and SanDisk.

You said that this doesn't matter but it does insofar as WDC potentially stands to more than double its production, not just double it.
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