RIP Toshiba 1875 - 2017 ?

[johnwmclean]

Was saddened by this news;

http://powersource.post-gazette.com/powersource/companies/2017/04/11/Toshiba-unaudited-earnings-westinghouse-pittsburgh/stories/201704110113

 

 

[sbelyo]

how can you go broke being in the nuclear power and memory chip business?  Oh well...

[grawk]

how can you go broke being in the nuclear power business?  Oh well...

Over regulation preventing any new power plants from coming online.

[sbelyo]

ahh, good point

[grawk]

the real question is what was toshiba thinking when they bought that division?

[dsavitsk]

2 hours ago, grawk said:

Over regulation preventing any new power plants from coming online.

How dare we let little things like health, safety, and the environment get in the way of Toshiba's profits.

[Wmcmanus]

The potentially good news is that the electronics division/brand/stuff will no doubt be spun off in a reorganization (if they can get away with it) or more likely sold to another large tech company prior to dragging those assets into an all out bankruptcy. More cash flow for their shareholders that way, as opposed to a slow, piecemeal and court controlled asset sell off. So hopefully that will mean better products and lower prices to the end consumer of whatever company can pick up their assets and technology on the cheap.

[skullguise]

2 hours ago, dsavitsk said:

How dare we let little things like health, safety, and the environment get in the way of Toshiba's profits.

Are you channeling your inner Trump? 

Edited April 12, 2017 by skullguise

[TMoney]

Reading through some of Richard Rhodes' (phenomenal) books on the development of the Atomic Bomb and Hydrogen Bomb taught me that Nuclear Power and Nuclear Power Plants are tremendously complicated issues that are woefully misunderstood by the general public.

I can understand the fervor of the anti-nuclear movement as well as fervor of the pro nuclear side.

The Fukushima disaster, unlikely as it was, seems to have ended the prospects of new nuclear power plant construction in the 1st world. Sucks for Toshiba, but that is the way the cookie crumbles.

--

Good thing we have Rick Perry in charge of the Department of Energy. A man who didn't even know what the DoE did.

[Grahame]

If he could remember he wanted to shut it down. Oops!

 

https://www.nytimes.com/video/us/politics/100000004820721/rick-perrys-energy-department-oops-moment.html

[robm321]

16 minutes ago, TMoney said:

...Nuclear Power and Nuclear Power Plants are tremendously complicated issues that are woefully misunderstood by the general public...

Yep. Same goes with world politics, war, etc. But I'm fortunate, because according to my Facebook feed all my friends are experts in everything. Not only that, but they are passionate about their points of view which is displayed by shaming the L or R on the other side who's apparently an idiot. 

Edited April 12, 2017 by robm321

[TMoney]

Gotta love the culture-wars!

[ironbut]

Bummer.

I wonder who's gonna cover the warranty on the 7 Toshiba HD drives that are currently in rotation in my system?