Today I read and article from IA that explained the relationship of Toshiba Corporation and Toshiba Tec. That article stated that Toshiba Corp owns 50% of Toshiba Tec and that if Toshiba Corp went away, then Toshiba Tec could stand on it's own.
Thus, the headline read Toshiba Corp expects $6.3B write down, Copier Group up 17% on news.
Toshiba Tec is not just a copier company!
Toshiba Tec Corp. engages in the development, manufacture, maintenance and sale of office machinery and equipment. It operates through the following segments: Retail Solutions and Printing Solutions. The Retail Solutions segment offers software, point-of-sale systems, printers, self checkout, kiosks and displays, and peripherals. The Printing Solutions segment provides desktop printers, mobile printers, radio frequency identification printers, consumables, color multi-function peripherals (MFP), monochrome MFP, paper reusing systems and mobile solutions. The company was founded on February 21, 1950 and is headquartered in Tokyo, Japan.
Stop the fracking madness! "Copier Group up 17% on news". Maybe we need to call this "fake news"! The headline is eluding to the fact that the Copier Group is up 17%. IT IS NOT, it's the entire Toshiba Tec.
I just checked the stock TSHTY and yes the stock for Toshiba Tec has performed well in recent weeks. Toshiba Tec was up 17% which encompasses all of the products that they manufacturer and support. NOT just copiers!
What Will the Future Hold for Toshiba Corp
From the recent events of Sharp and Foxconn which I followed like a hound dog. It's my belief that Toshiba Corporation will have to sell of additional assets in order to raise cash. Will it be Toshiba Tec? We'll have to wait and see. It's not a pretty picture for Toshiba Corp, but Toshiba Corp holds the keys to the kingdom for Toshiba Tec. If Corporate sells, then that's the ball game and another company would own 50% of Toshiba Tec.
Geesh, I hate to say this, but if you really want to report about the industry, then tell it like it is or don't tell it at all.
My TWO FRACKING CENTS