Analysis: If SamSung buys SanDisk to will weaken Toshiba competition ability
September 13, 2008
Introduction: Foreign media published analytic article to point out on September 10, sanDisk is the long-term partner with main Toshiba, if SamSung and SanDisk cooperate, or undertake buying to its, will constitute great menace to Toshiba, toshiba must be adopted quickly now answer measure, will lose SanDisk very quickly otherwise partner of this main business.
SamSung desire and SanDisk cooperate
SamSung electron expresses last week, consideration and American data memory card manufacturer SanDisk has the collaboration of some kind of means, may undertake buying to its. If both sides reachs cooperative agreement, will weaken the competitive actual strength of Toshiba greatly undoubtedly. SanDisk is Toshiba the combination of plant of 3 memory chip invests business, also be these factory products buy the buying party, still offer intellectual property for them at the same time.
Him SanDisk also is main those who use these 3 joint-stock plants shine put a product, production is used at the memory card of digital camera and notebook computer. Nevertheless, sanDisk does not put a product through purchasing these shining with the agreement of Toshiba, undertake purchasing through SamSung and other firm however.
Still seek after even if SamSung and SanDisk are amalgamative maintain the cooperative relationship with Toshiba, but this kind of relation may become flabbier and flabbier as the elapse of time calm.
Toshiba is faced with menace
The menace that Toshiba place is faced with is tremendous, business of company memory chip is his two big stable run harvest one of sources, another stable battalion receives a source to be nuclear cable business. Although Toshiba is not met at this point apathetic, but its choice margin is very narrow.
Although since this year, sanDisk share price dropped 54% , but market prise still is as high as 3.7 billion dollar, for this pair of Toshiba, if want to buy SanDisk, still need the charge with not small brushstroke, and the cash hold of end of season of the first money measures Toshiba only 2.7 billion dollar, indebted equity is compared adjacent 150% , capital expenditure is as high as 20 billion dollar. Besides is right for Toshiba, loan financing is very difficult also. Additional, because shine,put course of study to be faced with tremendous beg pressure for be more than, chip price also appeared to dive. Toshiba says, plan build only the capital of two NAND factory needs nearly 16 billion dollar.
SamSung is in a very favorable position, the company does not have any external debt, the cash by June and quantity of cash equivalent hold are as high as 5.8 billion dollar.
Toshiba or will strike back
The big environment of industry depression, it is one disaster after another more to Toshiba. Because the industry is stagnant, still may block up SamSung signs more contracts, nevertheless, toshiba may place the hope in SamSung and SanDisk amalgamative likelihood violates antitrust regulation, and cannot come true on.
Study the data of company ISuppli according to the market, samSung depends on his the market share of 42% shines in the whole world put the head the list on the market, under photograph comparing, the market share of Toshiba is 28% , and the market share of contemporary semiconductor company is only 13% .
Toshiba president Xi Tianhou acute hearing (Atsutoshi Nishida) all along with dare stick one’s chin out and thinking are nimble and famed, probably he can have a few to be lifted breathtakingly. Nevertheless, it is now at least, toshiba still keeps silence. (Learn a peak)
Tags: Analysis, buys, If, SamSung, SanDisk


