Articles about Western Digital

Toshiba Twist holds out bowl, WDC sweetens flash plant deal to $18bn

The Toshiba memory business saga careers on with a consortium including WDC set to raise its bid to ¥2tn ($18bn) or more. Bidders reported to be involved by Reuters and the Nikkei are: Japanese state-backed investment fund Innovation Corporation Network of Japan (ICNJ) plus WDC and Bain Capital with its raised bid of ¥2tn ($ …
Chris Mellor, 12 Jun 2017
Pop art style illustration of man exclaiming WHAT? in shock/horror/bemusement.

Toshiba asset-swap shock: Western Digital is not impressed

Loss-ridden Toshiba has pulled an unexpected move which it hopes will allow it to auction off its flash memory unit for a big pile of cash within the month. It says it has reabsorbed assets from its flash foundry JV with Western Digital Corp. In a letter obtained by the Financial Times, Toshiba’s lawyers announced it is …
Andrew Silver, 1 Jun 2017
hands waving dollar bills in the air

WDC may form carrion consortium to snap up Toshiba's flash memory biz

Western Digital may form a consortium to buy up Toshiba’s hotly disputed NAND flash memory unit, according to reports. Back in April WD Corporation (WDC) chief exec Steve Milligan said his company was willing to bail out the ailing Tosh. The two firms have been at each other’s throats for months over their joint venture in the …
Gareth Corfield, 30 May 2017
japanese yen. pic by shutterstock

WDC flashes the cash in in Tosh Memory biz bid: 2 treeellion yen

+Comment WDC is partnering with a state-backed Japanese fund and bidding ¥2 trillion ($17.9bn, £13.8bn) to buy Toshiba’s Memory Business. Two days ago, WDC had no skin in the second bidding round game but was rumoured to be setting up some kind of deal. It has joined with the Innovation Network Corp. of Japan (INCJ), one of the second …
Chris Mellor, 24 May 2017

Ding-ding-ding. Round 2 of Toshiba Memory biz bid fight. Where the heck is WDC?

+Comment There are four bidders for Toshiba’s Memory Business and WDC isn’t one of them. However, Western Digital Corporation is still in the running, according to the Nikkei. The background story can be found here, with its hot links. The four bidders at the end of round two of Tosh’s auction are said to be: Bain Capital + Toshiba …
Chris Mellor, 22 May 2017
referee blows whistle. illustration by shutterstock

Oh my Tosh: Western Digital takes Toshiba to arbitration

Updated WDC is taking Toshiba to an arbitration court process, potentially blocking Toshiba's sale of its Memory Business, which owns Toshiba's share in a flash foundry joint venture with WDC. The JV has an arbitration clause in its contract terms and conditions which gives WDC the right to agree or disagree any sale of Toshiba's JV …
Chris Mellor, 15 May 2017
Cloudian Samurai

Toshiba and WD execs sheathe blades, start talking over memory biz

Top Western Digital and Toshiba execs are talking after brandishing legal daggers over who can do what in Toshiba's memory business sale. The Nikkei Asian Review reports that WDC CEO Stephen Milligan and Toshiba president Satoshi Tsunakawa have entered negotiations at Toshiba's HQ. It's not kiss-and-make-up time yet, but they …
Chris Mellor, 12 May 2017

Toshiba tears WDC a new one for meddling in memory business sale

Toshiba, threatened wth financial calamity, has told WDC to butt out and stop interfering in its bid to sell its memory business. This memory business forms Toshiba's share of the flash foundry jointly owned with WDC CEO Steve Milligan's firm. The Japanese conglomerate has been financially devastated by overruns and losses …
Chris Mellor, 9 May 2017
Tripping over

Series of Seagate missteps as revenue generator spins down

Comment Here's a suggestion – Seagate, led by a combined chairman and CEO, has made a catalogue of tactical errors in the face of the NAND tidal wave while rival Western Digital has pivoted sideways to embrace flash. Is Seagate sensibly husbanding its resources because, while flash will store edge and enterprise fast-access data, the …
Chris Mellor, 27 Apr 2017
WD_Green_to_Blue

Western Digital relocates HQ, sheds jobs

Western Digital Corp is moving its HQ from Irvine, Orange County in southern California to San Jose in the north of the state, with job losses in both areas. The Orange County Register (no relation), said that according to the Orange Council Business Council, there were 1,400 WD employees in Irvine and another 200 in Santa Ana …
Chris Mellor, 26 Apr 2017

WD pulls cash-strapped Toshiba to one side, whispers: 'All right, pal, how much you want?'

Western Digital CEO Steve Milligan says his corporation is willing to help bail out sinking Toshiba. Japanese tech giant Tosh, which runs a NAND foundry joint-venture with WD, is in recapitalization hell: it is trying to sell its flash memory business for a trillion or more Yen ($9bn+) following calamitous and so far …
Chris Mellor, 25 Apr 2017

WDC flirting with Japan funds to bolster bid for Toshiba's memory biz

Western Digital Corporation (WDC) is aiming to bulk up its bid for Toshiba's memory biz with state-backed funding support. Reuters reports that WDC is talking to the Innovation Network Corporation of Japan (INCJ) investment fund and the Development Bank of Japan (DBJ) about a joint bid for Toshiba's flash memory division. …
Chris Mellor, 21 Apr 2017
Toshiba_8TB_N300_950

Toshiba spins out new NAS disk drive with its fastest transfer rate yet

Toshiba has a new 8TB NAS disk drive with its fastest data transfer rate. It announced its 8TB MN series NAS drives in February and the N300 is a retail version of these. The 4TB and 6TB versions were announced in Europe in January. Now they and the 8TB version are available in the USA. Like the MN series, the N300s come in …
Chris Mellor, 19 Apr 2017
Godzila

It gets worse – now WD says Toshiba memory business sale breaches joint venture terms

Just when you think it can't get any worse... it does. Western Digital has warned Toshiba that the proposed sale of its memory business contravenes the terms of their flash foundry joint venture. This NAND tech and products-based business has been set up as a separate company by Toshiba so that it can sell a large chunk for …
Chris Mellor, 12 Apr 2017

Tegile swallows $33m pill at WDC-led party

Hybrid and all-flash array supplier Tegile has had the benefit of Western Digital Corporation largesse, with the flash and disk-making giant leading its latest funding round. Tegile has picked up a $33m E-round of funding, to be used for product and go-to-market developments. The WDC connection might also have connotations in …
Chris Mellor, 11 Apr 2017
Vulture

Ten bidders sniffing around Toshiba's memory biz – reports

Accordng to the Nikkei Asian Review, there are ten bidders for Toshiba's memory business. The division is being partly or wholly sold so that Toshiba can recapitalise after the horrendous and ongoing financial haemorrhage from its US nuclear plant business, Westinghouse Electric. It has filed Chapter 11 bankruptcy papers, …
Chris Mellor, 30 Mar 2017
The Easy Button

Top tip: Unplug your WD My Cloud boxen – now

Western Digital is preparing patches for its My Cloud storage devices because they can be easily hijacked from across the internet or network. At the time of writing, there's no fix, so the best thing to do is firewall or power off My Cloud kit and wait. Whoever can reach one of the at-risk storage system's builtin …

Tosh's new workhorse drive: Not too desktop, not too enterprise

Toshiba has a new desktop and low-end NAS disk drive, the MN series. It comes in a 3.5-inch enclosure, with 4, 6 and 8TB capacities, is air-filled, spins at 7,200rpm, has a 6Gbps SATA interface, and a 1 million-hour mean time before failure rating. We can view it as an update on the MC04, MD04 and MG04 series drives. The MN …
Chris Mellor, 8 Feb 2017

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