SMAWF - Toshiba plans to split into three following in footsteps of GE

Siemens (OTCPK:SIEGY) did it. General Electric (NYSE:GE) did it. Now, Toshiba (OTCPK:TOSYY) is thinking of doing it. The once-championed diversified conglomerate is losing its sheen, with many seeing more risk than reward for sprawling companies with numerous sub-divisions. The trend has been going on for several years, as companies try to simplify their businesses with unique mission statements and let individual assets fend for themselves in the markets. What caused the change? There has been a strong shift towards leaner cost structures and away from the idea that central management can never fully offset the downsides that conglomerates can bring. This is particularly strong for industrial businesses, which are no longer the talk of the town, and have market caps that come nowhere close to their technology rivals. As a result, they must have a more focused story to tell investors, especially in the current  information age and investing landscape. Under threat

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Toshiba plans to split into three, following in footsteps of GE