Toshiba Releases Revitalization Action Plan

Toshiba Corporation (“the Company”) today announced that Toshiba Group will implement a series of management measures under a “Toshiba Revitalization Action Plan.” This plan has four strands: “Decisive Action on Business Structural Reform” “Strengthen Internal Controls and Reform the Corporate Culture;” “Review the Business Portfolio and Operational Structure;” and “Reforming the Financial Base” In respect…

IDC: PC Outlook Further Lowered

Worldwide PC shipments are now expected to fall by -9.7% in 2013, further deepening what is already the longest market contraction on record, according to the International Data Corporation (IDC) Worldwide Quarterly PC Tracker. The new forecast reflects not only a continued expansion of mobile device options at the expense of PCs, but also marked…