Sharp Corp. may turn to the last resort of Japanese companies facing potential bankruptcy – the government. With 200 billion yen ($2.5 billion) of convertible bonds maturing in 2013, Sharp may have to ask the state Enterprise Turnaround Initiative Corp. or Innovation Network Corp. of Japan for money, said Fumiaki Sato, co-founder of Sangyo Sosei Advisory Inc., a turnaround advisory firm in Tokyo.
"Sharp, the world’s worst performing major stock"
“Fitch does not foresee any meaningful operational turnaround in the company’s core business over the short- to medium-term,” the ratings company said."
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