Thursday, September 29, 2016
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
CORSAIR Launches DOMINATOR PLATINUM Special Edition DDR4 Memory
Apple Partners With Deloitte In New Enterprise Push
Europol Says Ransomware Is A Top Cybercrime Threat
New Amazon Fire TV Stick Comes With Alexa Voice Remote
Qualcomm Snapdragon 600E and 410E For Embedded Applications Now Available Through Arrow Electronics
NVIDIA Launches New AI Technology At Third Regional GPU Tech Conference
Blackberry Offifially Stops Making Smartphones, Outsources Mobile Business To Indonesian BB Merah Putih
SpaceX Chief Envisions Ships Flying to City On Mars
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 Home > News > General Computing > Toshiba...
Last 7 Days News : SU MO TU WE TH FR SA All News

Wednesday, October 31, 2012
Toshiba Cuts Profit Goal


Toshiba cut its full-year operating profit forecast 13 percent amid weaker sales of semiconductors and as a stronger yen erodes overseas earnings.

Operating income may total 260 billion yen ($3.3 billion) for the year ending March 31, compared with the previous estimate of 300 billion yen, the world's second- largest flash-memory chipmaker said in a statement today.

Toshiba revised its forcasts due to the deepening downturn in the global economy due to the European debt crisis, slowdowns in emerging economies including India and China, and the stronger yen that erodes overseas earnings.

Although Toshiba's Social Infrastructure segment recorded a healthy performance, its Digital Products and Electronic Devices segments saw decreases that reflected impact including market deterioration.

First-half operating income at Toshiba?s social infrastructure business, its biggest by sales, more than doubled to 49.7 billion yen from 24.1 billion yen a year earlier on rising orders to build gas turbines and the acquisition of Landis+Gyr, a Swiss maker of electric meters, last year.

Earnings from home appliances fell 65 percent and electronic devices income slumped 23 percent.

Toshiba also agreed to pay about 125 billion yen to buy out Shaw Group Inc.'s 20 percent stake in its nuclear power equipment unit, Westinghouse Electric Co., it said earlier this month.

Toshiba has also reduced NAND flash memory production by 30 percent since July. Demand for storage cards used in mobile devices including cameras and USB memory slumped amid economic weakness in Europe, prompting Toshiba to cut output at its Yokkaichi factory in Japan, the company said in July.


Previous
Next
UMC Sees Decrease In 4Q12 Chip Shipments        All News        Foxconn 3Q12 Profit Surges
UMC Sees Decrease In 4Q12 Chip Shipments     General Computing News      Foxconn 3Q12 Profit Surges

Get RSS feed Easy Print E-Mail this Message

Related News
Toshiba Introduces the Value-oriented OCZ TL100 SATA SSD Series
Toshiba Expands 24nm SLC Flash Family with 16Gb Offering
Toshiba Introduces the OCZ VX500 SATA SSD Series
Toshiba to Implement Eyefi Connected Features in Next FlashAir SD Cards
Toshiba Debuts Flashmatrix Technology
Toshiba Announces New BG SSDs with 3-Bit-Per-Cell TLC BiCS FLASH
Toshiba's ZD6000 Dual Port NVMe SSD Offers A Capacity Of 7.68TB
Toshiba PC Business Not Affected By Company's Restructuring
Toshiba Develops High-Speed MTJ Element for Non-Volatile STT-MRAM For 2X nm Generation Transistors
Toshiba Develops Circuit Technology for Small Area Non-volatile FPGAs
New Imaging Technique Can Simultaneously Acquire a Color Image and Depth Map from a Single Image Taken with a Monocular Camera
New Toshiba 8TB X300 Hard Disk Drive Released

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2016 - All rights reserved -
Privacy policy - Contact Us .