Toshiba Grapples With Westinghouse Writedown

The transcript discusses Toshiba's financial and operational challenges, focusing on the acquisition of Westinghouse and the resulting accounting issues. The cost overruns in building nuclear reactors and the impact on Toshiba's finances are highlighted. The company is considering asset sales, including its valuable memory chip business, to stabilize its financial position. The transcript also explores potential buyers for Westinghouse and the difficulties in managing nuclear business contracts. The future of Toshiba as a technology company is uncertain, with credit ratings and financial guarantees adding to the complexity.

How much did the cost of the nuclear plant escalate from the initial estimate?

What major problem did Toshiba face regarding its accounting practices?

What is the significance of the memory chip business for Toshiba?

What challenges does Westinghouse face in its contracts with Southern Company?

What are the implications of losing credit ratings for Toshiba?