CAPITAL WORLD INVESTORS - New holdings reported - 11.5 Million Shares
While the headlines printed give press to Appaloosa buying 1.27Mill shares to double his stake in WDC, the quarterly crown goes to Capital World Investors. The bought nearly just over $1Bill in stock, at an avg price of $88.59. That is one heck of a vote in WDCs future.
The largest seller was FMR selling 2.3Mill shares, still holding 3.2Mill.
As the Disk Spins: Another day, another ruling. This appears to just be dB access again. I'm still wondering about physical access to that plant. Apparently Tosh wants to take the joint out of the Ad venture.
Toshiba must allow Western Digital access to joint-venture assets
Tear down the wall, Tosh, says Cali Court
Listening to the CSCO conference call, they are citing increased memory pricing, particularly in HDD, as a headwind to their business. WDC should be trading higher. Thanks again Toshiba! Have a nice evening everyone.
Toshiba may be playing their cards all wrong. I'm convinced that these Toshiba execs have zero sense of urgency, and do not appreciate how politics can be their downfall.
As I've stated all along, I think the Chinese may be the limiting factor for any deal. MOFCOM has been problem for tech deals that don't seem to give the Chinese any vig. The way I see it, for this deal, the Chinese will only expedite a decision if Foxconn is involved. The Chinese getting shut out of a technology deal they so desperately want in on will only increase their foot dragging. Will it take longer than the 7 months WDC/SNDK took - where MOFCOM was the last approval gained?
And if Foxconn is involved, will the US block the deal? Now Trump is initiating a trade probe against China for IP theft. Hey Toshiba, the deal you are trying to make involves Sandisk IP. You can proclaim otherwise, but you know it.
The Toshiba execs are being just plain stupid ignoring all the implications around getting this deal done. My prediction: Chinese approval will run right up to 3/31/18 - maybe longer. The Toshiba execs will scream its not their fault. But, it really will be.
Toshiba's net worth is negative 582 billion yen ($5.25 billion). Where are the going to come up with 195 billion yen ($1.8 billion) production investment for Fab 6? I understand this is just a negotiating tactic, but seriously?
So much for the positive move yesterday. I continue to watch and may jump back in Sep after 30 day wash rule expires. Maybe the Toshiba mess will be resolved by then.
Prices of solid-state drives or SSDs raised in July for the fourteenth consecutive month, according to Nikkei Volume purchase prices were up 20% from the beginning of 2017. Cheaper triple-level-cell
Toshiba has to ink a deal by the end of August. No third party will make a deal that omits successful resolution with WD as a contingency of closing and payment. WD, with arbitration pending, is the only suitor capable of making a deal given the time constraints. Every day that passes gives WD more leverage in negotiations. Toshiba knows this. There will be a deal announced shortly, in my opinion.
I found a bright light of something in this mess. At the very least, Tosh is making WD management and its legal team look GOOD. I admit failure in my earlier efforts. I just couldn't do it, even pullin' allnighters in the clean room over a Guzik. (Look it up.) Of course the WD team isn't doing much besides just sitting there. Good work if you can get it. Particularly if you don't need to. This is a historic story of epic proportions along the lines of David and Goliath. Let's see who throws mere Si stones against the HAMR. Its due any year now!!!
Read the latest story - seems Toshiba wants the money BEFORE skeletons are cleaned out.
Toshiba Chip Sale Talks Are Said to Stall On Payment Timing
Toshiba Corp.’s talks to sell its chips business to a consortium led by Bain Capital hit an impasse over the timing of payments for the business and governance issues, according to people familiar with the matter, casting doubt on the company’s abili
Western Digital says it’s made 6 bids for Toshiba’s chip business, will match best offer
My news contrib for today is with respect to Foxconn (got keep the Con in it). So, apparently Hon-Hai is the new 'preferred' vendor for Tosh to sell-out with (to) - darn those sentences ending in prepositions. They are never in the right place. Hon Hai (Taiwan, note NOT CHINA) unless the Drumpf does something else unimaginable.One never knows. It makes biz calc's more complicated. I can tell you that. So, the non-Chinese are building the American factory and the Japanese managers (think 6-sigma and fondly recall Mr. Denning) will be able to enable WD to work with a new overseas partner who takes big tax breaks from American taxpayers. I'm going back to Cold Waters! It is a pretty good submarine warfare simulator. One never can prepare for the future adequately enough.
This is the company that taxpayers are bailing out to get an Apple LCD plant. Why isn't Apple paying for it? They have the overseas profits? Aside from that. the link to the current scandal between Tosh and WD is the Hon-Hai corp. Maybe a little weak, but it's been a slow day. Let the trolls patrol.
Despite Fiscal Warning, Wisconsin Plans To Move Ahead With Foxconn Deal
An estimate from the Wisconsin Legislature's nonpartisan budget office found that the state wouldn't break even on incentives for the Taiwanese tech company until 2043.
Hmmmm..... Only 5% of the news you hear is even remotely accurate concerning Toshiba deal. This will be setting up nicely by years end. WDC holds good cards, and Toshiba is still in the deal making business. .... however, there are many execs who want guarantees that they will get to keep their jobs... and WDC is not commenting on such qualifiers in any deal. The carpetbagging Hynix and Bain will promise anything, and NOT deliver.... and Toshiba is coming to realize it. Even the Bain offer that was "accepted"(Ha!) is then suddenly contingent on resolution with WDC legal matter. And then you have the arbitration process.... and WDC is walking the straight line in this regard.
I saw a negative Vetr comment on WDC and decided to compare their historical Price Target (PT) track record. Don't get me wrong. I'm not pumping or trashing Vetr (the crowdsource ranking site). I'm just curious about their accuracy. It appears that most of their PT adjustments have been $10 to $12 above the current market price at the time of their announcement. On 3/3 Vetr gave a PT of 87, WDC was at 77 and hit 86 on 4/10 (5weeks). On target. On 6/22 Vetr's PT was 100, WDC was at 90 and hit 96 on 7/21 (4weeks). Missed On 8/16 Vetr announced a PT of 96 and WDC closed at 85.94.
[$$] Toshiba Revives Talks With Foxconn Over Chip Unit
Toshiba said it has reopened talks with Foxconn Technology Group and Western Digital Corp. over selling its memory-chip unit, erasing a Japanese-led group’s status as the preferred buyer in a deal potentially ...
Rinse/repeat. Sad to watch these sob's make money so easily by borrowing shares. Shareholder should get a percentage not he damn broker. A scam.
I'd really like to throw a pie at Tsunakawa's face. Toshiba has been nothing but a pain in the rear since 2017 began. I hope that someday we will have insight into what transpired between WDC and Toshiba. Is it simply a matter of pride and a hurt ego on Toshiba's part, having to sell off their baby? Comments about Toshiba employees fearing the loss of their jobs if WDC wins would be a noble reason for Toshiba to holdout on WDC but I don't see how WDC could make significant layoffs and maintain production. Seems to me that there is skilled labor involved that could not be easily replaced at a lower cost.
worthless trash Seagate goes up 2.5% on Friday but WDC after plummeting 20% last few weeks, doesn't even get back 1% ? how does that work
Fab 6 FUD - from Toshiba execs: "The first half of Fab 6 is being built and the shell is expected to be done by summer of 2018."
So does Toshiba plan on installing equipment in an unfinished shell in Dec?
$WDC should drop the bid for Toshiba and sell its interests, buy $MU micron since china tried but could not do to US regulators... Western Digital and Micron Technologies would fit like a glove together and Micron has the first 11TB SSD server drive for cloud based storage... Micron also works close with Intel who is putting out new CPU generation soon.