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Technology Stocks : WDC/Sandisk Corporation
WDC 236.39-2.8%Jan 23 9:30 AM EST
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To: pompsander who wrote (25948)5/25/2004 1:19:56 PM
From: Bruno Cipolla  Read Replies (1) of 60323
 
toshiba picture (overall)
this article contains a description of toshiba business.

biz.yahoo.com

"For the year ended Mar. 31, Toshiba's $253 million profit, on sales of $49 billion, was dragged down by the PC arm's $193 million loss."
"Now, Okamura aims to restore Toshiba to its former glory. His plan: Focus on higher-growth businesses such as top-end memory chips and consumer electronics"
...Okamura is already enjoying success from the remake of the semiconductor division. In 2002, Toshiba decided to get out of low-margin PC-memory chips and focus instead on more profitable flash chips used in products such as digital cameras. The company has shut down a third of its memory capacity in Japan, and last year sold a PC-memory factory in Virginia. Now, it's building a $2.4 billion flash memory plant, although that may not be enough to meet Toshiba's needs. So by 2010 it expects to outsource 30% of chip production, compared with 5% today. The chip division last year earned $1 billion, up 85% from 2002.

Toshiba is hoping the semiconductor group will help it establish a beachhead in China. There, Toshiba has taken a small stake in Shanghai's Semiconductor Manufacturing International Corp...
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