Toshiba Investor: Toshiba and Co .,

toshiba investor: Do you remember last year's shareholders meeting Toshiba said nuclear power and flash memory would be two core businesses, a Toshiba investor said at an emergency shareholders meeting held in Chiba's Makuhari Messe, according to The Japan Times. Westinghouse was not a core but a hole, and Toshiba fell right in. Thursday slammed management for a disastrous plunge caused by the company's failed nuclear gamble, questioning whether the 142-year-old conglomerate can survive the aftermath. The irate shareholder lamented that a company with a storied history like Toshiba has found itself in a grave financial crisis, with a negative equity position due to massive losses from Westinghouse Electric Co., its U.S. nuclear unit. Flash memory, commonly used in smartphones, has been a major profit driver, so Toshiba is looking to gain as much as 2 trillion by selling shares of the proposed spinoff to bolster its financial foundation. The emergency meeting was held to approve the company's plan to spin off its flash memory business into a new firm called Toshiba Memory. (news.financializer.com). As reported in the news.