Stock Market & Financial Investment News

News For TOSBF From The Last 14 Days Check below for free stories on TOSBF the last two weeks. Sign up for a free trial to see the rest of the stories you've been missing. May 14, 2013 10:49 EDT TOSBF Dell accuses optical disk drive makers of price-fixing, Bloomberg says Subscribe for More Information May 9, 2013 14:55 EDT TOSBF FTC approves modified final order on Western Digital purchase The Federal Trade Commission approved and issued a modified final decision and order settling charges that Western Digital’s (WDC) proposed acquisition of rival Hitachi Global Technologies would have been anticompetitive in the market for hard disk drives used in desktop PCs. The proposed order settling the FTC’s charges, first announced on March 5, 2012, required Western Digital to sell assets used to manufacture and sell desktop computer hard disk drives to Toshiba (TOSBF) to resolve the agency’s competition concerns. The FTC has approved several modifications to the proposed order to incorporate adjustments that Western Digital and Toshiba Corporation, the buyer of the divested assets, made in the transaction documents. The final order provides for the additional time Western Digital required to complete the divestiture in order to obtain the necessary approvals from other relevant competition authorities and also includes revised production and asset transfer schedules, and extended time in which Western Digital will have access to certain employees. The FTC has also approved changes to the Divestiture Agreement and Contract Manufacturing Agreement to reflect the changes to the remedial agreements made by Western Digital and Toshiba Corporation. May 7, 2013 08:05 EDT TOSBF Stable capactiy, rising demand to drive up memory prices, FT says After years of price competition and industry consolidation, analysts do not expect any new memory chip capacity to be introduced this year, which coupled with rising demand driven by smartphone growth is set to feed through into prices, Financial Times said. Samsung Electronics (SSNLF), SK Hynix and Micron (MU) now hold more than 90% of the D-Ram market and almost 100% of the Nand market is divided between those three and Intel (INTC), Toshiba (TOSBF) and SanDisk (SNDK), the report noted, citing analysts at Bernstein. Reference Link Sign up for a free trial to see the rest of the stories you've been missing.