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Toshiba Corp. and NEC Electronics Corp. plan to form a semiconductor joint venture, according to anonymous sources close to the talk. The move would help for the companies to reduce costs and become more competitive on the global market. But the joint venture will not be formed overnight.

According to a report from the International Herald Tribune, there are talks to merge system-on-chip operations of NEC and Toshiba into a standalone joint venture, but nothing has been decided yet. The Nikkei business daily said NEC has been talking with Fujitsu. as well about a merger of their chip-making operations, though, nothing concrete is known at this point.

Atsutoshi Nishida, chief executive officer of Toshiba, said that too many chip makers, especially those who make system chips, are fighting it out in Japan and that they need to consolidate to win globally. However, he did not announce any definite moves.

Neither Fujitsu, NEC nor Toshiba commented on the news-story.

It is crucial for Japanese companies to consolidate their forces in semiconductor development and manufacturing, if they want to keep those operations in the country. Globally, there is a trend towards forming large chip development design houses as well as massive contract manufacturing houses.

Tags: Toshiba, NEC, Fujitsu

Discussion

Comments currently: 3
Discussion started: 02/04/09 07:29:58 AM
Latest comment: 02/04/09 07:46:00 AM

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1. 
Toshiba Corp. and NEC Electronics both would prefer to anticipate reporting losses for the fiscal year ending March 31,2009...

As well as ..."Restructuring alone won't help companies in today's economic conditions," said Masaru Hamasaki, a senior strategist at Toyota Asset Management. "If companies cut jobs or shrink capital spending based on their current earnings level, they risk narrowing their business capacity...."

NEC, Toshiba, Fujitsu, Panasonic and Mitsubishi should better "destruct" or "report" their so called 'hidden network' in Singapore - Finland [Kouvola warehouses] - Russian Retail chains (especially may be mentioned two international retailer's chains: MediaMarkt Saturn and Auchan).

It is not a very dark secret for the progressive mankind that Toshiba's and Mitsubishi’s Headquarters are receiving revenge strikes from Russian Electronics Mafia...:

If you open Moscow Yellow Pages, you would be surprised how many foreign companies have their offices in Moscow...

Although the international financial crisis has caused the collapse which has never occurred since the Great Depression, the Russian Federation is still considered as a quiet harbor.

Amongst the transcontinental companies there are a considerable number of Japanese corporations such as Toshiba, Mitsubishi, Fujitsu, NEC, Sanyo, etc.

Though the latter are thought to be well-known for their successful in retailing of high-quality products worldwide, there have been cases which must be interesting to investigating institutions.

We are going to take Mr. Vadim Danilov’s employee fraud case including asset misappropriation, money laundering, and kickback scheme.

The story goes Mr. Vadim Danilov was hired by Mr. Harry Fujimaki to work for Toshiba Corporation (Kabushiki-gaisha Toshiba) as a general logistics manager in Russia.

The event occurred in 2004.

In the course of two years Mr. Danilov had been “employed” in other areas such as, a certification specialist, customs broker, trader, promoter, etc. Mr. Danilov worked effectively and honestly thinking that he was a team player contributing to Toshiba’s profits.

Moreover, Mr. Koichiro Natsume, an executive manager of Toshiba Corporation in the CIS, declared him a Toshiba Official Trader at the Conference at the Imperial Park Hotel, Moscow, 2006.

In addition, Mr. Natsume declared that Mr. Vadim Danilov was officially registered by Toshiba Corporation as Toshiba's Official Trader named “the Ninth Wave” in the UK.

To conclude the announced procedures, Mr. Natsume issued to Danilov’s Ninth Wave an invoice which was paid to a TCMS official account at Sumitomo Mitsui Banking Corporation, Singapore Branch.

Furthermore, there were other financial transactions during 2006-2007-2008 years, executed by Mr. Vadim Danilov between clients and Toshiba Consumer Marketing Singapore, SMBC Singapore branch account.

After all the payments were completed, Mr. Natsume vanished somewhere in Japan. Toshiba Corporation managers in Russia, Japan and Singapore refused to explain to Mr. Vadim Danilov how those payments had been used.

Toshiba Corporation & TCMS, Mitsubishi and MCLogi, insist nowadays that Mr. Vadim Danilov has no evidences and the corporations declare now that Mr. Vadim Danilov had never had any relations with Toshiba Group Companies or Mitsubishi's MCLogi stuff.

Moreover: the Toshiba and Mitsubishi MCLogi staff has been running away from Mr. Danilov for 35 months (!).
The Metropolitan Police Department of Tokyo also refused to investigate the accident and explained to Mr. Danilov that he had no right to bring in an action against a Japanese citizen.
It would be better for the Metropolitan Police Department of Tokyo to check diligently backgrounds of Toshiba's and Mitsubishi's Conformity Certification procedures manipulations in Russian Federation. As well as Customs Clearance documents with false Japanese stamps and signatures of imaginary "Japanese Customs" or "Thailand Customs"...

It seems to be a confrontation between David and Goliath but David had had no backup…

It seems The Heaven's Referee is judging nowadays all the involved sides by crisis processings ...

0 0 [Posted by: kroshi  | Date: 02/04/09 07:29:58 AM]
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2. 
Japanese Corporation's Mega Alliance in Russian Federation "network" :

Warning: Undercover Black Deeds in Japanese Corporations...

Japanese companies are famous for their high-quality service provided worldwide.

Any partner of a Japanese company expects a discreet and trustworthy business way. Unfortunately, it doesn’t look as it seems.

In our case, Japanese corporations’ representatives working in Russia and the CIS have elaborated an excellent fraud scheme including money-laundering, kickback clients and employees, asset misappropriation etc. ...

The scheme runs as follows:

1. Toshiba Corporation serving as a cover generally doesn’t sign official distribution contracts in Russia and the CIS. Russian nationals such as Mr. Vadim Danilov (Toshiba fake official trader) are hired by the corporation. In addition, all transactions are based on pledging Toshiba managers’ word of honor.

2. An “official” supplier – NAC Trading Ltd. - delivering appliances to Media Markt Saturn, located in Moscow, doesn’t have any procuration from Toshiba Corporation.

3. Defective appliances covered by an insurance company are sent to Russia from a warehouse Kouvola, Finland as new ones via a fake Toshiba trader.

4. Toshiba Corporation issues invoices on official blanks in which written payment requisites of third parties (Nana Europe OY) responsible for payment transfers to Toshiba Corporation and MCLOGI (Mitsubishi Corporation LT, Inc.).

5. It is strongly recommended by the Japanese companies to make all payments using off-shore banks since Toshiba prefers not to be responsible for anything if its Russian clients have any claims and complaints.

6. So, there is a bundle: Toshiba Corporation (Supplier) represented by Mr. Natsume – MCLOGI (delivering service) represented by Mr. Baba – Nana Europe OY (Toshiba “agent” in Finland supplying appliances to Russia) represented by Mr. Ogawa – NAC Trading Ltd. (Nana Europe branch in Russia responsible for financial flows in Russia), at a final stage RCAS (a private company of Mr. Baba and Mr. Natsume) located in Estonia transfers the cleaned funds from off-shore banks to Toshiba and MCLOGI.

To sum-up, it has been shown that the Japanese corporations use fraud schemes and transactions to snatch large sums and frame up hired managers and Russian big companies.
0 0 [Posted by: wohweh  | Date: 02/04/09 07:37:06 AM]
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3. 
Scrupulously Elaborated Fraud Scheme for Russia :

Mr. Vadim Danilov was invited by Mr. Naohiro Baba to strike up an acquaintance with Mr. Harry Fujimaki to work for Toshiba Corporation (Kabushiki-gaisha Toshiba) as a general logistics manager in the Russian Federation. The event occurred in 2004.

To his disappointment, Mr. Koichiro Natsume, an executive manager of Toshiba Corporation in the CIS, declared him a Toshiba Official Trader at the Conference at the Imperial Park Hotel, Moscow, 2006. In addition, Mr. Koichiro Natsume declared that Mr. Danilov Vadim was officially registered by Toshiba Corporation as Toshiba's Official Trader named “the Ninth Wave” ('Deviatiy Val').

To conclude the announced procedures, Mr. Natsume Koichiro issued to “Deviatiy Val” a Toshiba invoice PI 20060800059 dated August 24, 2006.

The invoice was paid to a TCMS official account at Sumitomo Mitsui Banking Corporation, Singapore Branch.

Moreover, there were other financial transactions during 2006-2007-2008 years, executed by Mr. Vadim Danilov between clients and Toshiba Consumer Marketing Singapore, SMBC Singapore branch account.

After all the payments were completed, Mr. Koichiro Natsume vanished somewhere in Japan. Toshiba Corporation managers in Russia, Japan and Singapore refused to explain to Mr. Vadim Danilov how those payments had been used.

Toshiba Corporation & TCMS, insist that Mr. Vadim Danilov has no evidences that Toshiba Invoice PI 20060800059 had been paid, as well as all the other payments.

Moreover: Toshiba Corporation declares now that Mr. Vadim Danilov had never had any relations with Toshiba Group Companies.

Nowadays, the Toshiba staff is running away from Mr. Danilov Vadim and his lawyers. The Metropolitan Police Department refused to investigate the accident and explained to Mr. Vadim Danilov that he has no right to bring in an action against a Japanese citizen; nevertheless, Mr. Koichiro Natsume is probably hiding in Japan.

Summary of the case:

Toshiba Corporation managers are too afraid of Mr. Vadim Danilov’s knowledge of Toshiba management precisely elaborated scheme for “personal financial transactions” via third parties as a ‘private financial network’ Russia-Estonia-Finland-Singapore.

0 0 [Posted by: wamfig  | Date: 02/04/09 07:46:00 AM]
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