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Reply to "Sharp has Serious Money Problems!"

And now for the damage control in the copier division....
Dear SIICA Dealers:

As many of you have recently read, Sharp Corporation is in the process of revitalizing our operations in order to be more competitive. While this process takes time, we are moving aggressively to position ourselves for future growth. However, during this period, there is often speculation about what we are going to do. While much of this has centered on other aspects of Sharp’s portfolio, a recent article appeared claiming Sharp was selling its copier business. I want to end any confusion or concerns you may have.

Let us be very clear:

1.Nikkei has released an article based on their own judgment, and the article is speculation. Sharp Corporation has not released nor acknowledged this article.
2.Sharp Corporation is under the process of revitalizing its business and is exploring all options to improve the financial condition of the company.
3.Sharp is not currently negotiating the sale of the businesses, such as Copier and Air-Conditioner that Nikkei has reported in their article.
It is important for you to know that these are the words of our Executive Management in Japan, not simply the opinion of local management. As you can imagine, a public company such as Sharp must be careful not to mislead any investors so they are cautious with their statements. However, the third point is what is most important for all of us.

As pointed out in numerous articles in the past few weeks, Sharp’s document business is profitable and we are in the process of launching some of our most innovative products and services for our dealer community.

We cannot control the speculation of the press and we cannot control competitors trying to take advantage of the dealer community. However, the SIICA team will continue to provide you with our support and outstanding products.

And that’s where this story and the rumors end.