http://www.industryleadersmaga...artner-with-hon-hai/
How do you think will this effect their MFP business?
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quote:Originally posted by SalesServiceGuy:
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quote:Originally posted by yeti:
So looks like this was all just a rumor
anybody think differently with the letter sharp just released?
quote:Originally posted by copierlady:
Read the Reuters post from Aug 17 - Sharp is "revamping".
"The Nikkei had earlier reported that Sharp was considering selling its copier, air-conditioner and LED businesses, with Kyocera Corp (6971.T), Daiwa House Industry Co (1925.T) and Daikin Industries Ltd (6367.T) among possible buyers or investors.
Sharp denied both reports, while a Hon Hai spokesman declined to comment.
Separately, the Jiji News Agency reported that Osaka-based Sharp was seeking a 50 billion yen ($630 million) capital increase, and is approaching U.S. investment funds, Kyocera, Toshiba Corp (6502.T), and others.
"It is true we are considering various matters for the recovery of our performance, and we will swiftly announce them if we make any decisions that need to be disclosed," Sharp said in one of its statements on Friday."
quote:One thing for certain. Someone, somewhere connected to or working with or for Sharp mentioned it to a reporter! I dont think this guy just made it up out of thin air! If he did then that is totally wrong. So right now we are at he said, she said. Its silly.
quote:Therefore, Sharp strongly denied news reports and speculation that it may sell such divisions or spin off the Kameyama plant, saying such actions would run counter to its business reconstruction efforts.
quote:
Unless Sharp is able to quickly rebuild flagship businesses through the tie-up, it is highly likely the firm will be forced to cut more jobs or sell profit-making divisions.
quote:Originally posted by yeti:
http://ca.reuters.com/article/...dCABRE87K00620120821
The company will submit an asset appraisal report to its banks next month that will identify businesses the century-old company has to sell in return for funding, sources at the company's lenders have told Reuters.
quote:Sources at the company's lenders have saidSharp will submit an asset appraisal report to its banks next month that will identify businesses it has to sell in return for funding.
quote:Originally posted by JasonR:quote:Originally posted by Yoda:
And copier division is definitely not for sale LOL! They are selling /mortgaging everything.
I can't tell if that is sarcasm or not.
quote:Originally posted by Art Post:
Sharp teams up with SHI International Corp. of New Jersey
Creating expanded channel opportunities, Sharp and SHI are collaborating in a first-of-its kind alliance in the imaging industry, to bring SHI clients access to Sharp's full line of world-class imaging products. SHI is known for leveraging the broadest portfolio of IT products and solutions available, on a global scale. In this alliance, SHI will build on its reputation within the services industry, and significantly expand its product portfolio to all partners, including many Fortune 500 companies.
"Expanding channel opportunities, such as through our relationship with industry leader SHI, is a key component of our growth strategy," said Rich Boomsma, senior vice president, sales, Sharp Imaging and Information Company of America. "This collaboration will enable Sharp to provide broader access to large corporations for our dealers and channel partners."
SOURCE Sharp Electronics Corporation
quote:Originally posted by SalesServiceGuy:
More details:
http://www.businessweek.com/ne...ing-recurrent-energy
Sharp makes no mention of selling its copier business!
quote:Sharp Corp's (JP:6753)(US:shcaf) lenders are expected to approve funding that will enable the firm to stay afloat through the current fiscal year,
quote:Originally posted by Yoda:
Do you think there was any mention to Recurrent Energy prior to them selling it?quote:Originally posted by SalesServiceGuy:
More details:
http://www.businessweek.com/ne...ing-recurrent-energy
Sharp makes no mention of selling its copier business!
The following appears on businessweek.com
Sharp Corp. (6753), the Japanese electronics maker on course to post a second straight full-year loss, dropped to the lowest level in at least 38 years in Tokyo trading after Goldman Sachs Group Inc. cut its rating to sell.
Sharp slumped 15 percent to 151 yen, the lowest since at least 1974. The stock was the biggest loser on the benchmark Nikkei 225 (NKY) Stock Average, which fell 1.1 percent. Japanese markets were shut yesterday for a public holiday.
The maker of Aquos televisions may need to issue new stock to raise funds, eroding shareholder value, Goldman Sachs analysts led by Takashi Watanabe wrote in a report on Oct. 6. Goldman Sachs, which cut the stock’s rating from neutral, also reduced Sharp’s 12-month price estimate by 31 percent to 120 yen because of expectations that earnings per share will be diluted by about 50 percent with the new stock.
“Even assuming continued financial support from its banks, we are more convinced Sharp will need to issue fresh equity,” Goldman Sachs wrote in the report. Sharp’s equity-to-asset ratio “could deteriorate further if more inventory valuation losses or fixed-asset writedowns emerge,” the brokerage said.
Sharp isn’t in a position to comment on the views of Goldman Sachs, Miyuki Nakayama, a spokeswoman at the Japanese company, said by telephone today.
The company will need to book 106 billion yen ($1.4 billion) of unrecognized pension reserves next fiscal year, trimming the equity ratio to 4 percent at the end of March 2014, Goldman Sachs said. That compares with about 24 percent in the year ended March 31, the report showed.
quote:Originally posted by SalesServiceGuy:
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.
quote:Originally posted by montecore:
Why would you everyone else is bailing you out.
quote:The banks that bailed out Sharp in September with $3.9 billion in emergency loans, including Mizuho Financial Group Inc (8411.T) and Mitsubishi UFJ Financial Group Inc (8306.T), are not including a Hon Hai investment in a business plan they are hammering out for Japan's leading LCD panel maker, sources told Reuters last month.
quote:Originally posted by SalesServiceGuy:
Despite the $2.1B bond that must be repaid in Sept 2013, Sharp is still innovating with new copier product and signing up new dealers. It cannot be all doom and gloom in their copier business.
Although I have tried to pitch the Corporate "doom and gloom" story to accounts where Sharp is involved, it does not seem to get much traction with buyers.
- Japan's Sharp Corp is aiming to raise 100 billion yen ($1 billion) from share sales by the end of September as the struggling display maker looks to partnerships and a public offering to bolster its finances, media reports and sources familiar with the situation said on Friday.
The company plans a public offering of 90 billion yen by end-September, Kyodo news agency reported, while two sources familiar with the matter said it plans to raise 10 billion yen through a share sale to housing appliance maker Lixil Group Corp.
Sharp is also sounding out other companies including power tools maker Makita Corp to buy shares, the sources told Reuters.
The Osaka-based company, which supplies display panels for Apple Inc's smartphones, received a $4.6 billion rescue from banks last year and has since received investments from Samsung Electronics Co Ltd and Qualcomm Inc.
Japanese media have flagged the possibility of a public offering this year although the specific timing had remained unclear before Friday's mention of an end-Friday target.
Shares in Sharp rose more than 5 percent in morning trade on Friday to 490, their highest in seven weeks. They have gained nearly 15 percent over three days.
The company said in a statement nothing had been decided regarding a public share offer or a share sale to companies.
Sharp has forecast an 80 billion yen operating profit for the year to next March 31, after logging a 146.27 billion yen operating loss last year.
($1 = 100.62 Japanese yen)
(Reuters) - Shares in Sharp Corp climbed 3.7 percent to 480 yen, hitting a seven-week high on Friday after Kyodo news agency said the display maker plans to raise about 100 billion yen ($1 billion) through share sales.
Kyodo cited sources familiar with the matter as saying that Sharp plans to raise around 90 billion yen through a public stock offering by the end of September and up to 10 billion yen selling shares to housing equipment maker Lixil Group.
Separately, the Nikkei business daily said Sharp was also planning to raise 10 billion yen from power tool maker Makita Corp.
"The fact that they are going to get funds from direct investment from other companies that seems a very positive thing. It's non-dilutive to a degree," a Tokyo-based trader said. "It's dilutive on an EPS basis and dividend. But they don't pay a dividend, so nobody cares."
Sharp's shares have risen more than 12 percent over the past three sessions. ($1 = 100.6250 Japanese yen) (Reporting by Dominic Lau; Editing by Edmund Klamann)
The following appears on engadget.com
Despite posting a small 15.36 million yen ($182 million) loss, it would be hard to call Sharp’s latest Q1 2013 financial quarter anything but a success after last year’s$1.2 billion debacle. After gaining investment from companies like Samsung and, more recently, Qualcomm, Sharp saw revenue up 32.6 percent to 607 billion yen ($6.2 billion) on strong LCD demand. In fact, sales of small- and medium-sized panels for smartphones and tablets were up a hefty 54.8 percent over Q1 2012, with its electronics division up 46.6 percent overall. The company thinks it’ll hit a net profit for the fiscal year thanks to “high-value” 4K LCD TVs, Aquos phones in Japan and more IGZO displays for upcoming handhelds.
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