Sharp Accepts Foxconn’s $6.24 Billion Takeover Offer

Well, it took long enough.  I'm sure this brought a smile to Vince's face. I see that he's on the site right now.

What happens NOW?

Initial reports stated that Sharp Execs would kept on board, the question is how long will their tenure last.  If I were Terry Gou, I will offer them an additional severance package to leave early.  You don't want them to still mismanage the company.

Another report stated that the business units would be kept intact. It may be true and may not be true, we'll find out in short time.  Again, here's a time factor, you can bet your bottom dollar Terry Gou did not sign an agreement that would keep the business units intact forever.

From what you may hear from others in the industry, ask yourself, why did Foxconn buy Sharp?  Was it for the Imaging Business Unit?  No fracking way

There's a number a reason and you can read them here.  Keep in mind, there is no mention of copiers.

It's my gut feeling that Terry Gou has already called Samsung, and if not, I bet Samsung will be on the phone with Foxconn tomorrow.  Gou needs to get back some of his 6.2 billion in short order.  Pitching the copier division to Samsung is a smart move.

Thus, one of the shoe's have dropped, we'll see what happens with Lexmark and Xerox sometime down the road.

Comments???