Release date- 16082017 - Toshiba's Comment on the Court Order Issued In the Dispute with SanDisk on Data Shut Out.
While TMC resumed WDT's access to certain information stored on certain TMC databases, this order will not affect TMC's memory business, including TMC's unilateral investments in Fab 6 at Yokkaichi Operations.
Toshiba Corporation (TOKYO 6502) and Toshiba Memory Corporation ('TMC'), a subsidiary of Toshiba today received an order from the Superior Court of California for the County of San Francisco (the Court) regarding the motion for preliminary injunctive relief made by SanDisk LLC (SanDisk), a subsidiary of Western Digital Corporation (Western Digital) (NASDAQ: WDC), relating to Western Digital's access to certain information stored on certain databases owned by TMC.
The Court ordered, among other things, for TMC to resume Western Digital Technologies, Inc.'s (WDT) access to certain data stored on TMC's databases. While TMC will comply with the order, it will not affect TMC's memory business, including TMC's decision to make unilateral investments in Fab 6 at Yokkaichi Operations.
Dr. Yasuo Naruke, Senior Executive Vice President of Toshiba Corporation stated that, 'While we are aware of the Judge's ruling today, we do not expect any of the current ongoing litigation with Western Digital and SanDisk to limit us in proceeding with our business plans. I am extremely confident in our decision to move forward with timely unilateral investments in Fab 6 at Yokkaichi Operations - which will allow us to maintain our position as a leading player in the highly competitive 3D Flash memory market.'
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