1/23/2024 0 Comments Electronics expo bankruptcy![]() ![]() nuclear arm Westinghouse filed for bankruptcy in 2017 after years of deep losses as safety costs soared. ![]() The decommissioning effort at the Fukushima Dai-ichi nuclear plant is expected to take decades. The company racked up 25 billion yen ($169 million) of red ink for the April-June quarter on 704 billion yen ($5 billion) in sales, down nearly 5% from the year before. Toshiba’s shares were up 0.2% at 4,604 yen ($31) Thursday in Tokyo. Koenig Sporting Goods filed for bankruptcy in 1997, 27 of 40 stores sold to Woolworth 33 MC Sports filed for bankruptcy and closed in 2017. Just for Feet bankrupt in 1999, acquired by Footstar, final stores closed in 2004. Overseas activist investors, who own a significant number of Toshiba’s shares, had initially expressed some dissatisfaction about the bid.Īnalysts say its unclear whether Toshiba can return to profitability, even with the delisting. Herman's World of Sporting Goods went bankrupt in 1993 and closed in 1996. Toshiba is a major stakeholder in Kioxia. Toshiba has spun off parts of its operations, including its prized flash-memory business, now known as Kioxia. Toshiba’s board accepted the deal in March. It faces the daunting and costly task of decommissioning the nuclear power plant in Fukushima, northern Japan, where a tsunami set off three meltdowns in 2011.Ī leading brand behind rice cookers, TVs, laptops and other products once symbolic of Japan’s technological prowess, Toshiba had billed the takeover led by the consortium of Japanese banks and major companies, known as Japan Industrial Partners, as its last chance for a turnaround. “Toshiba Group will now take a major step toward a new future with a new shareholder,” said its chief executive, Taro Shimada.Įven after privatization, the company will “do the right thing” to try boost its value, he added.Ī sprawling accounting scandal, which surfaced in 2015 and involved books being doctored for years added to woes related to Toshiba’s nuclear energy business. The purchase price was at 4,620 yen ($31). That will end its more than seven-decade history as a listed company. Toshiba will then delist from the Tokyo Stock Exchange within about a month. The move still needs shareholders’ approval, and a meeting has been set for November, according to Toshiba. The switch to Toshiba’s new parent company and largest shareholder, called TBJH Inc. In the tender offer, announced last month and ended Wednesday, the number of shares purchased exceeded the minimum needed, at 78.65%, it said. There was also a 2,000-nit HDR screen for smartphones, which should arrive in the coming months.TOKYO > A 2 trillion yen ($14 billion) tender offer for troubled electronics and energy giant Toshiba by a Japanese consortium has been completed, clearing the way for it to be delisted, the company said Thursday. The Flex line consists of three displays: one foldable and rollable, aimed at tablets, and two rollable screens for laptops. For the company, the main strategy for 2023 will be relying less on third parties to reach the consumers' living rooms, it seems.Ī little farther from the end customer are Samsung's concept panels. Roku announced its own line of TVs, surprising everyone. The sole wiring behind the display is the power cord. Its Signature OLED M TV gets rid of cables, with an AV box that transmits 4K at 120 Hz wirelessly to the panel. Its TV offerings go up to 140" in size and 8K in resolution, with Matter support and embedded social features. Samsung's ViewFinity S9, aimed at creative professionals, includes a color calibration engine and covers 99% of the DCI-P3 gamut. ![]() Speaking of panels, there are also products for those who don't need high refresh rates. The Odyssey OLED G9 is smaller at 49" and caps resolution to dual-QHD but delivers true black due to the quantum dot OLED panel. The Odyssey Neo G9 features a 57" curved screen with a 32:9 ratio and dual-4K (7.680 x 2.160) resolution. Samsung, while not playing the refresh rate game, had some interesting offerings. However, its ROG sub-brand went a little further, pushing out a 540Hz gaming monitor, while Dell's gaming division promised the launch of a 500Hz gaming monitor later in 2023. LG chose the moderate path with the UltraGear pair: 240Hz-but OLED and 27" QHD, with a 45" curved WQHD option.Īsus delivered similar offerings in size, display tech, and refresh rates to LG. Razer's Blade line settles for QHD at 240Hz. Alienware's M16 and M18 can go up to 480Hz-though at the cost of resolution, the display options that refresh that fast are FHD. Acer starts from 144Hz for the Nitro and 250Hz for the Predator series. Dell's entry-level G family of gaming laptops goes from that to higher. Seemingly, the lower end for gaming laptop displays is now at 120Hz. ![]()
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