Reply to "Sharp has Serious Money Problems!"

Nov 01, Sharp Corp has now publicly announced it own doubts about it's ability to continue as a Corporation without radical corporate change and new investors.

http://www.reuters.com/article...101?type=companyNews

(Reuters) - Struggling Japanese TV maker Sharp Corp warned it might not be able to survive on its own, as it almost doubled its full-year net loss forecast to $5.6 billion, and said it was considering alliances with other companies.

In a statement, the company said it booked massive second-quarter losses and is seeing "serious negative operating cash flow." "This raises serious doubts about (our ability) to continue as a going concern," it said, adding it was taking steps, from pay cuts and asset sales to voluntary redundancies, to generate cash flow.