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TOKYO: Faced with the prospect of a multibillion-dollar write-down that could wipe out its shareholders' equity, Japan's Toshiba is running out of fixes: It is burning cash, cannot issue shares and has few easy assets left to sell.Toshiba says it will be weeks before it can give a final number, but a writedown of the scale expected – as much as 500 billion yen ($4.3 billion), according to one source close to Toshiba – would leave the group scrambling to plug the financial hole and keep up hefty investments in the competitive memory chip industry, which generates the bulk of its operating profit.Private equity funding could be an option, but financial sources and investors said Toshiba would likely be forced to sell off more assets and stakes, months after having sold its two most easily marketable businesses: white goods and medical devices.Toshiba has said it would consider a capital strategy, but has given no details.
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