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Toshiba Announces ‘Substantial Doubt’ on Ability to Continue

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An Industry Giant Stumbles, Then Falls; Can It Get Back Up?

Toshiba signToshiba, once the embodiement of Japanese industrial might offering everything from rice cookers to nuclear reactors, has released financial results for the first three quarters of the current fiscal year and it’s not good. For the first time in the over-century old company’s history, the results announcement warned of doubts about the company’s ability to continue as a “going concern.” And that wasn’t the only bad news included in the report.

See the stunning news about Toshiba’s dire circumstances… [Read more…] about Toshiba Announces ‘Substantial Doubt’ on Ability to Continue

As We Suspected, The Deal is Off Between LeEco & Vizio

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Photo of Vizio D Series TVLess than a week after we questioned whether Chinese manufacturer LeEco would be able to actually complete its proposed $2 billion acquisition of Vizio, we received a note from a Vizio-connected official, saying that “the merger agreement to acquire Vizio will not proceed…” Given our report last week, this shouldn’t be a big surprise to Strata-gee readers…and it certainly was not to us.

But where do things between LeEco and Vizio go from here? Read on… [Read more…] about As We Suspected, The Deal is Off Between LeEco & Vizio

LeEco Just Missed Its Payroll, Can It Still Buy Vizio?

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Vizio logoBloomberg is reporting that Chinese mega brand LeEco missed its normal payroll at the end of March, telling employees it would pay them a few days later. While this is a situation that is not unfamiliar to many small business owners, LeEco is anything but your typical small business owner. They are supposedly in the final stages of a $2 billion acquisition of major TV brand Vizio.

But if LeEco can’t make their own payroll…how can they still buy Vizio?

Read on to see what we know about LeEco and Vizio… [Read more…] about LeEco Just Missed Its Payroll, Can It Still Buy Vizio?

Samsung Receives Order for 70M OLED Panels from Apple

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Photo of Apple iPhoneIn reports out of Taiwan, sources say that Apple, Inc. has ordered 70 million bendable OLED panels from Samsung Electronics. An order of this size can only be for the upcoming iPhone 8, expected to be launched in late 2017. The order also suggests that Apple is expecting the iPhone 8 to be a big success.

See more on what sources in Asia are saying about the iPhone 8… [Read more…] about Samsung Receives Order for 70M OLED Panels from Apple

Samsung Makes a Strategic Investment into an IoT Security Company

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Samsung logoSamsung Electronics has made another major investment in the Internet of Things (IoT) space, becoming an early stage Series A investor in Bayshore Networks. The company made the investment via its Samsung NEXT Venture fund, an investment fund created by the company to find and take positions in companies that are driving businesses that will yield future profits for the company.

Who is Bayshore Networks and why did Samsung invest in them?… [Read more…] about Samsung Makes a Strategic Investment into an IoT Security Company

With Company Leader Incapacitated and Heir-Apparent Arrested: Who’s In Charge at Samsung?

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Samsung's Vice Chairman LeeAfter several years of non-stop success, Samsung has had a bit of a tough run lately. From exploding smartphone batteries to self-destructing washing machines to the arrest of the company’s Vice Chairman and heir-apparant…it’s been a challenging time, to say the least. But with the company Chairman Lee Kun-hee incapacitated due to failing health and his son, the Vice Chairman, now in police custody – the company’s biggest problem is a lack of leadership at the helm.

See how Samsung is addressing their leadership gap as a result of recent police action… [Read more…] about With Company Leader Incapacitated and Heir-Apparent Arrested: Who’s In Charge at Samsung?

Massive $6.3 Billion Writedown is Tanking Toshiba, Could It Collapse?

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Logo on Toshiba buildingToshiba 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.

Is Toshiba near the tipping point?… [Read more…] about Massive $6.3 Billion Writedown is Tanking Toshiba, Could It Collapse?

Sharp Plans Major Investment in U.S., Paying Fealty to Trump

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Sharp investing in U.S.Sharp Corp., a subsidiary of Taiwan’s Hon Hai Precision Industry Co. which is better known as Foxconn, has said in Japan that it plans to make a major investment in the United States. This announcement precedes by just two days a summit meeting between Japanese and U.S. leaders and is seen as a political move to buy favor with both the Japanese and U.S. governments.

See more on this Sharp plan which originated with Foxconn’s CEO Terry Gou… [Read more…] about Sharp Plans Major Investment in U.S., Paying Fealty to Trump

Film Flops Force Sony to Take $1Billion Writedown

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Sony's Movie Business is in TroubleSony Corps’ struggling film division, which hasn’t seen a major hit movie in a long while, has finally forced the company to take a writedown against third quarter earnings of a substantial $1 billion. The difficult decision was necessary to adjust or right-size the value of their operations and will mostly be booked against goodwill – to reset the value of the various film-related divisions.

Why is Sony CEO Hirai setting up an office in Culver City, California?… [Read more…] about Film Flops Force Sony to Take $1Billion Writedown

Prosecutors Make Their Case to Jail Head of Samsung

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REUTERS/Kim Hong-Ji
REUTERS/Kim Hong-Ji

Judge Questions Jay Y. Lee in Arrest Warrant Hearing

In a case that has been percolating for weeks but has now come to a boil, special prosecutors in South Korea have gone before a judge to obtain a warrant for the arrest of Samsung Group leader, Jay Y, Lee. Summoned by the court to testify, Lee answered questions in a closed-door session at the court, held today. Lee denied he or his company participated in any wrongdoing.

The judge’s decision is expected very soon.

See more on the legal troubles that Samsung now finds themselves in… [Read more…] about Prosecutors Make Their Case to Jail Head of Samsung