Sometimes one division in a company can drag down others - that's what is happening at Toshiba, where the NAND flash business is booming, but the conglomerate faces a multi-billion dollar write-down over issues with the Westinghouse nuclear power plant. Analysts at Mirae Asset Daewoo Securities say Toshiba leadership is considering spinning off the memory business as soon as possible (by the end of March) and Western Digital is reportedly the frontrunner to scoop up a 20% stake. WD (which acquired SanDisk recently) is currently third in the global NAND flash market (with a 17.1% share)...
Source: http://www.gsmarena.com/toshiba_may_spin_off_nand_flash_unit_and_if_wd_scoops_it_up_it_will_surpass_samsung-news-23027.php
