Toshiba Comments on Western Digital's Statement Regarding NAND Flash-Memory Collaboration

TOKYO — (BUSINESS WIRE) — September 13, 2017 — Toshiba Corporation (TOKYO: 6502) (Toshiba) understands that Western Digital Corporation (Western Digital) released a statement on September 13, 2017 regarding Toshiba’s announcement of a memorandum of understanding (MOU) with Bain Capital Private Equity LP (Bain) affirming the parties’ intent to reach an agreement regarding the sale of Toshiba Memory Corporation (TMC) to a Bain-led consortium.

Toshiba regrets that Western Digital persistently overstates its limited consent rights in public statements. As Toshiba has previously stated, the confidential agreements between SanDisk and Toshiba provide no reasonable basis for Western Digital’s assertions that it is entitled to prevent a sale of TMC. Toshiba is also disappointed by Western Digital’s misleading statements regarding the outcome of ongoing litigation between the two companies concerning SanDisk’s purported consent rights: the parties have merely agreed, before a single court, to provide notice when an agreement for the sale of TMC is signed—and prior to a related closing—for a limited period of time, until arbitration between the companies is underway.

Toshiba expects and is fully committed to completing a sale of TMC by March 2018, and looks forward to a favorable resolution of SanDisk and Western Digital’s exaggerated claims in arbitration.



Contact:

Media Contact
Toshiba Corporation
Kaori Hiraki, +81-3-3457-2100
Public Relations & Investor Relations Division
Email Contact
Fax: +81-3-5444-9202

Featured Video
Jobs
Principal Engineer for Autodesk at San Francisco, California
Mechanical Manufacturing Engineering Manager for Google at Sunnyvale, California
Senior Principal Software Engineer for Autodesk at San Francisco, California
Machine Learning Engineer 3D Geometry/ Multi-Modal for Autodesk at San Francisco, California
Manufacturing Test Engineer for Google at Prague, Czechia, Czech Republic
Senior Principal Mechanical Engineer for General Dynamics Mission Systems at Canonsburg, Pennsylvania
Upcoming Events
Intergeo 2024 at Messe Stuttgart Messepiazza 1 Stuttgart Germany - Sep 24 - 26, 2024
GIS-Pro 2024 at Portland ME - Oct 7 - 10, 2024
Geo Sessions 2024 at United States - Oct 22 - 24, 2024



© 2024 Internet Business Systems, Inc.
670 Aberdeen Way, Milpitas, CA 95035
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering EDACafe - Electronic Design Automation TechJobsCafe - Technical Jobs and Resumes  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise