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Technology Stocks : WDC, NAND, NVM, enterprise storage systems, etc. -- Ignore unavailable to you. Want to Upgrade?

To: SiliconAlley who wrote (2379)9/24/2017 9:33:40 PM
From: reddy_s  Read Replies (1) | Respond to of 4833
 
Toshiba was at 330 before the announcement of Bain deal on the 20th. It is down more than 10% from that point to now. You may be right and this is probably indicative of Market's lack of confidence in Toshiba's ability to overcome WDC's legal challenges with the current deal in timely manner.



To: SiliconAlley who wrote (2379)9/24/2017 9:55:25 PM
From: bigchad1 Recommendation

Recommended By
FJB

  Read Replies (2) | Respond to of 4833
 
This can't be helping either.......

japantoday.com

Its also more of an indictment that its shares are down in the face of the Nikkei being up. Given Toshiba has had just so many issues with bad judgement, lies, scandals, etc etc I would not be at all surprised if there are a couple of red hot smoking guns that come to light as they get deeper into the legal proceedings with WDC. This whole fiasco smells of corruption!


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