Toshiba Corp., a maker of various electronics, is reportedly in the final stages of discussions to acquire hard disk drive (HDD) business of Fujitsu. The move will expand potentially profitable business for Hitachi and will take the money losing unit away from Fujitsu. What is surprising is that estimated cost of the deal is below the price of Fujitsu’s HDD biz which was discussed during Fujitsu – Western Digital talks earlier.
“It’s true that we are in talks with Fujitsu on the matter, but nothing has been decided at the moment,” Keisuke Ohmori, a spokesman at Toshiba in Tokyo, said by telephone in an interview with Bloomberg news-agency. Fujitsu makes no secret that it is in talks with multiple companies to sell off its hard drive business unit.
According to Nikkei business daily, Toshiba is projected to pay Fujitsu approximately ¥40 billion ($557.84 million) for hard disk drive business of the latter. The sum is much lower compared to the sum that was discussed when Fujitsu was in talks with Western Digital over its HDD unit, which means that Fujitsu wants to get rid of the business at any cost. Back in October ’08 Western Digital was rumored to be planning to acquire Fujitsu’s HDD business unit along with plants in Japan, the Philippines and Thailand for ¥70 billion to ¥100 billion, which was from US$661 million to US$944 million at the time. At present, the actual price of Fujitsu’s HDD business unit would be from US$775.6 million to US$1.108 billion.
Toshiba held a 7.2% share of the $32.8 billion global market for hard drives in 2007, making it the fifth-biggest producer, followed by Fujitsu with 6.9%, according to data from iSuppli Corp.
Neither Fujitsu nor Toshiba are making commodity hard drives for desktop computers in 3.5” form-factor, therefore, the combined business of the two will rely on hard disks aimed at the growing market of mobile computers. Nevertheless, since Fujitsu’s HDD business is not profitable, Toshiba will have to restructure it going forward.
Tags: Fujitsu, Toshiba
Comments currently: 3
Discussion started: 02/04/09 07:31:15 AM
Latest comment: 02/04/09 07:46:49 AM
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…
02/04/09 07:31:15 AM]
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.
02/04/09 07:38:50 AM]
Distress Distribution [Know-How]
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.
02/04/09 07:46:49 AM]
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