Toshiba Corp. announced yesterday that it will take a $6.3 billion writedown to account for the meltdown of its nuclear division. This amount of writedown is much higher than the markets had anticipated, forcing Toshiba into crisis mode having to secure lending commitments from their banks, reorganize their nuclear division, and sell assets to offset their losses.
Archives for February 15, 2017
With Over 73K Attendees, ISE Grows Almost 12%
Integrated Systems Europe announced today that their ISE 2017 show drew 73,413 attendees making it the largest ever trade show servicing the international residential and commercial integration industries. The show, which is a 50/50 partnership between CEDIA and InfoComm, saw attendance swell 11.7% over the level in 2016.