Tagged With "Sharp"
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Re: Sharp forecasts return to profit in solar business next year
So, there you have it. Solar panels & batteries is going to be the savior of Sharp. A potential pillar of change. LOL
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Re: Sharp Issues Profit Warning
Interesting....., last week we get reports that Sharp USA sold their Headquarter in NJ, only to lease it back. Then I get an email earlier today about a rumored GIANT acquisition in the industry. Now, I get this Sharp financial update with an unknown source claiming that Sharp will lose billions (yen that is). Very interesting indeed.
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Re: Sharp Issues Profit Warning
Japan's Sharp (IW 1000/160) saw its shares plunge in Tokyo on Monday following a report that said the consumer electronics giant would fall back into the red, reversing company forecasts for an annual profit. The firm's shares dropped 8.73% to 230.0 yen by the close of trading. Japan's leading Nikkei business daily said the Osaka-based firm would report a loss that could amount to hundreds of millions of U.S. dollars for the fiscal year through March owing to a slump in its struggling...
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Re: Sharp Issues Profit Warning
Sharp has been down this road before. They have a history of surviving. Remember when IKON dropped Sharp? Everyone thought they were doomed. They are still here today. I think they will overcome this storm.
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Re: Sharp Issues Profit Warning
I do remember when ikon dumped sharp, and sharp was a dominant player them. After Ikon, Sharp not doing so well with copiers
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Re: Strange Call Today from Someone in NYC
Art, You know that something similar happened to me when I posted a similar question. Someone high up in Sharp USA contacted my boss, even though my blog is a personal blog, and complained about me questioning where Sharp was headed. As a courtesy to my Boss I pulled the article but I ended up blogging about the incident which still spoke to the same issue. Vince
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Re: Strange Call Today from Someone in NYC
They just can't stand the bad press. I still think they are headed towards going away. I mean how long can you continue to sell machines at such low margins and remain in business. I think eventually all these branches will be sold for pennies on the dollar at some point. at some point someone may realize they need to stop subsidizing the direct losses with the dealer channels profits. i remember sitting in the Ricoh dealer meeting a year ago and Corridi or one other Ricoh exec said "believe...
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Re: Sharp Issues Profit Warning
Ricoh doesn't have the money to buy anyone else. Let alone, I doubt they want to go down the acquisition road again after thenIkon fiasco. Samsung is the one who has the cash to buy anyone in the industry. Year before last they had 32 billion in cash on hand at year end they had to spend for tax purposes etc.
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Re: Sharp sells Mahwah HQ, but will lease it back
Guess things are not as rosey as one thinks. Property went on the market two years ago. Hmmmm
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Re: Sharp plans to use capital to wipe out past losses: source
Eventually the ship is going to sink. It can only take so many bomb shells before it goes down.
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Re: We all thought Sharp Corp would be next to drop, but Toshiba Tec may be sold first
The sources for this story are not named nor any details confirmed by Toshiba Corp. Toshiba Corp could request Toshiba Tec (an independent subsidiary company) to buy controlling interest in its shares. The copier division is doing OK but Toshiba Tec probably made a mistake in overpaying for the IBM Point of Sale division a few years ago. This forced a big write down and loss on overstated assets for the last six month accounting period. Toshiba Tec has never been involved with the accounting...
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Re: We all thought Sharp Corp would be next to drop, but Toshiba Tec may be sold first
saw that, secret sources right. We'll see, Toshiba may need the cash rather that let Toshiba Tec on their own. But, we've seen crazier things right.
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Re: We all thought Sharp Corp would be next to drop, but Toshiba Tec may be sold first
Samsung is probably the only one who can afford to buy another manufacturer. They have more money than god right now.
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Re: Hon Hai formally offered to invest in Sharp last week: source
I just wonder how long they will all keep a sinking ship above water. I know the imaging group is doing ok but it can't make up but a small percentage of sharps overall portfolio.
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Re: We all thought Sharp Corp would be next to drop, but Toshiba Tec may be sold first
No mention of Toshiba Tec in Toshiba Corp's big restructuring statement made Dec 21 in Japan. It seems all of the pain will be in Toshiba Corp's consumer electronic business encompassing TVs, appliances and maybe/maybe not the laptop business.
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INCJ sticks by rescue plan for Sharp as Foxconn talks continue
Japan’s Innovation Network Corp. is confident Sharp Corp. will see its rescue plan as superior to a competing bid even as the struggling electronics maker enters talks with Taiwan’s Foxconn Technology Group. “We are not giving up,” INCJ Chief Executive Officer Toshiyuki Shiga said in a recent interview in Tokyo. “Ours is clearly the better option for Sharp.” While Foxconn is bidding for the whole company, INCJ plans to inject cash and revive individual Sharp businesses by combining them with...
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Sharp Selects Raines Office Solutions as Authorized Dealer and Expands National Independent Dealer Network
MAHWAH, N.J. , Feb. 18, 2016 /PRNewswire/ -- Sharp Imaging and Information Company of America, a division of Sharp Electronics Corporation , announced that Raines Office Solutions has joined its extensive nationwide network of authorized dealers. As part of the agreement, Raines Office Solutions, headquartered in Proctorville, OH , will now offer a range of integrated technology solutions, including Sharp's comprehensive portfolio of copiers and multifunction printers (MFPs). Sharp...
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Japan fund makes late move to thwart Hon Hai in Sharp battle: sources
A Japanese state fund is making a final effort to secure a takeover of Sharp Corp ( 6753.T ) as the ailing electronics maker considers a higher $5.8 billion offer from Taiwan's Foxconn ( 2317.TW ), criticizing the composition of the company's board, sources said. Innovation Network Corporation of Japan (INCJ) officials are taking issue with two of Sharp's board members who they believe have a conflict of interest as they represent a fund that holds preferred shares in the electronics...
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Who would have thought that Canon, Ricoh, Sharp & Samsung would..
Who would have thought that by the summer all of these scenarios could play out. Foxconn buys Sharps Ricoh buys Xerox (the hardware division) , Ricoh gets back all of the dealers they lost to global Canon buys Lexmark (the hardware division) Samsung buy Sharp Imaging Business unit from Foxconn Sounds crazy right? By the time most of you read this Sharp will have either accepted the Foxconn offer of the INCJ offer. INCJ is an investment fund that is backed by the government of Japan, the sole...
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Japan's Sharp to vote on rival takeover bids on Thursday: sources
Sharp Corp ( 6753.T ) plans to choose between rival rescue offers as soon as Thursday, as a favored bid from Taiwan's Foxconn continues to be challenged by a Japanese state-backed investment fund, people with direct knowledge of the matter said. The board of the ailing electronics maker met on Saturday to discuss the two takeover proposals, according to the sources, who requested anonymity because they were not authorized to speak to the media. The company's 13-member board holds a regularly...
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Sharp To Vote On Two Takeover Bids, Firm To Choose Between Foxconn Or INCJ Deal
Sources familiar with the matter, who have opted to remain anonymous, have further stated that Sharp's 13-member board met on Saturday to discuss the rival takeover proposals. The results of the board's discussions will allegedly be announced on Thursday, a day after the company's regularly scheduled meeting. read more here
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Sharp to start two-day board meeting on Foxconn's $5.9 billion offer - sources
TOKYO Loss-making Japanese electronics maker Sharp Corp's ( 6753.T )board begins a two-day meeting on Wednesday to decide if it should accept a $5.9 billion (£4.2 billion) takeover by Taiwan's Foxconn instead of an offer from a state-backed fund, sources with direct knowledge of the matter said. A deal with Foxconn, the world's biggest assembler of Apple Inc ( AAPL.O ) products known formally as Hon Hai Precision Industry Co ( 2317.TW ), would pave the way for the largest acquisition by a...
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Foxconn, Sharp Said to Weigh Revising Terms of Approved Deal
Taiwan’s Foxconn Technology Group and Sharp Corp. worked through the weekend to salvage their proposed $6 billion deal with one potential outcome being a revision to terms the Japanese’s board approved just last week, according to people familiar with the matter. Bankers and lawyers are going through a list of Sharp liabilities that could exceed 300 billion yen ($2.6 billion), a last-minute stumbling block in Foxconn’s effort to take control of the struggling Japanese company, according to...
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Sharp eyes quick close to Hon Hai takeover deal
Sharp Corp. said Monday it hopes to finalize a takeover deal with Taiwan’s Hon Hai Precision Industry Co. “as soon as practically possible” without setting a deadline for inking the bailout package. “Sharp and Hon Hai Precision Industry have not set a signing date,” the electronics giant said in a statement. “Both companies are working hard to reach a satisfactory agreement as soon as practically possible.” The statement came after sources familiar with the matter said before the weekend...
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Hon Hai chief in final push to close Sharp deal
OSAKA -- Hon Hai Precision Industry Chairman Terry Gou is in Japan holding late-stage talks on a deal to buy embattled electronics giant Sharp , with both sides seeking to conclude by Monday. He is negotiating with President Kozo Takahashi. If the deal is reached, which could be later than Monday, the two companies will make the announcement in a press conference, . Sharp's board voted to approved a purchase by Hon Hai, or Foxconn, on Feb. 25. But the Taiwanese conglomerate decided on the...
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No Foxconn-Sharp deal before Wednesday
TAIPEI/TOKYO -- Key iPhone assembler Hon Hai Precision Industry will sign an agreement to acquire Sharp , the embattled Japanese electronics maker, perhaps by Wednesday, a person familiar with the talks has told the Nikkei. The two sides had agreed to try to wrap up a deal by Monday, but according to the source, Wednesday is now the earliest the acquisition could be made. The person did not elaborate on the reasons behind the delay. Another source said the two sides will finish their due...
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Foxconn close to sealing Sharp deal
TOKYO: Talks for Taiwan's Foxconn to acquire a majority stake in Japan's Sharp Corporation are "on the right track", people familiar with the matter said on Monday, after a last-minute hitch over contingent liabilities caused delays last month. Discussions are set to conclude this week, one person said, adding that most of the due diligence is done. Foxconn late last month suspended the signing of a deal to take over the loss-making Japanese electronics firm, citing the emergence of new...
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Hon Hai looks to delay signing of Sharp bailout as talks with creditor banks over losses continue
Taiwan’s Hon Hai Precision Industry Co. may delay until next week the signing of a deal to acquire struggling Japanese electronics maker Sharp Corp., due to ongoing talks with Sharp’s two main creditor banks over the firm’s potential future losses, it was learned Tuesday. In the wake of the recent revelation of Sharp’s contingent liabilities totaling about ¥350 billion, Hon Hai, also known as Foxconn Technology Group, is discussing a possible review of support for Sharp with the two banks —...
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Foxconn-Sharp: All Cards on the Table
Sharp Corporation, which has about $6.2 billion in interest bearing debt, has been offered a revised deadline and lowered interest rate on lending from two major banks. The company has also been offered other forms of financial support to help speed up Foxconn Technology’s planned acquisition of the Japanese electronics maker’s assets. Hon Hai Precision Industry, commonly known as Foxconn, halted the acquisition process worth up to $5.8 billion after receiving previously unrevealed documents...
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New systems now available with EFI™ Fiery® workflow and digital front end for optimal performance
MAHWAH, N.J. , March 8, 2016 /PRNewswire/ -- Today, Sharp Imaging and Information Company of America (SIICA), a division of Sharp Electronics Corporation (SEC) announces that the newest additions to the Pro Series lineup, the MX-M1055 and MX-M1205 Monochrome Document Systems, are now shipping. These models continue the Sharp Pro Series legacy of simplifying print-on-demand workflows, saving time and money, and allowing businesses to bring more work in-house with professional results. The...
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Need help Up against Kyocera & Sharp
I believe these are the two models being presented Kyocera 6501i and Sharp M654N. Can anyone give me pro's & con's for each unit please
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Foxconn seeking guidance on Sharp fourth-quarter, deal may not come this week
Taiwan's Foxconn is seeking guidance from Japan's Sharp Corp on its latest quarterly performance as part of its efforts to finalize a planned acquisition of the ailing electronics maker, a person familiar with the matter said. Investors are on edge about prospects for the deal - estimated to be worth nearly $6 billion - after a last-minute hitch last month over potential liabilities at Sharp. Concerns that the process is dragging out helped send the display maker's shares tumbling 12 percent...
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Foxconn Firms $2.7B Credit Line For Sharp Takeover
Foxconn, formally known as Hon Hai Precision Industry Co., has reached an agreement with Sharp Corp.’s banks to extend a 300 billion yen ($2.7 billion) credit line to the troubled Japanese electronics major, Bloomberg reported, citing Japanese newspaper Yomiuri Shimbun, Saturday. The agreement will reportedly allow Sharp to borrow from its lenders Mizuho Financial Group Inc. and Mitsubishi UFJ Financial Group Inc., if it suffers losses from potential liabilities or needs new investments.
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Foxconn Lowering Offer for Japan's Sharp
Taiwan’s Foxconn is lowering an offer for loss-making Japanese electronics maker Sharp Corp from an initial plan of 489 billion yen ($4.4 billion), the Yomiuri newspaper reported on Sunday. The reason behind the move is that Foxconn appears to be concerned about financial risks of potential liabilities at Sharp and its business outlook, according to Yomiuri. The newspaper did not say how much Foxconn, formally known as Hon Hai Precision Industry, will lower the offer to. A Sharp spokesman...
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Hon Hai Sharp purchase unlikely to be concluded in March, claim analysts
The move is an indication that the marriage of Hon Hai and Sharp is already definitive, some said, adding that the merger will be finalized as early as next week. According to public data publicized by the Taiwan Stock Exchange, Gou put up over 170 million shares as pledged on Feb. 15. The stocks are worth NT$12.69 billion in total value, and based on conventional practice, banks will grant Gou a NT$7.6 billion loan, which is 60 percent of the collateral value. The stocks account for 8.6...
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Sharp to Demonstrate AQUOS BOARD™ Interactive Display System at SpiceWorld Tech Conference
MAHWAH, N.J. , Sept. 23, 2015 /PRNewswire/ -- Sharp Imaging and Information Company of America (SIICA), a division of Sharp Electronics Corporation (SEC), will be exhibiting at SpiceWorld, a leading technology conference, at the Austin Convention Center in Austin, TX. The event is hosted by Spiceworks, the professional network used by IT pros to discover, buy and manage technology products and services. At SpiceWorld, show attendees will have the opportunity to learn about and experience a...
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Foxconn asks Apple to join bid to buy Sharp's LCD ops
Tokyo (AFP) - Taiwan electronics giant Foxconn has proposed taking over troubled Japanese behemoth Sharp's display business, the Nikkei business daily reported on Monday, and has urged Apple to join the deal. Under the new proposal,...
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Sharp Poised to Miss First-Half Forecast, Cut 2016 Target
Sharp Corp. will miss its first-half profitforecast and is poised to lower its target for the full year as rising competition among suppliers of liquid-crystal displays pushes down prices, a person familiar with the matter said. Its shares fell the...
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Sharp may receive capital from state-backed fund
Sharp may receive capital from state-backed fund OSAKA -- A Japanese public-private investment fund is considering taking a direct stake in Sharp to help right the electronics group's listing operations. This would give...
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Need Sharp Dealer Pricing
Can anyone help me? Need the latest Sharp & Kyocera MFP dealer pricing. I'm willing to trade off a Premium Membership for each. Art
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Sharp Continues Proven Performance With Three New Mid-volume Monochrome Document Systems
MAHWAH, N.J., Oct. 6, 2015 /PRNewswire/ -- Sharp Imaging and Information Company of America (SIICA), a division of Sharp Electronics Corporation, continues its industry leadership in innovation with the introduction of three versatile monochrome document systems. The Sharp MX-M266N/M316N/M356N models range in speed from 26ppm to 35ppm. These new document systems offer users robust multifunction capabilities right out of the box that includes full color network scanning, standard PCL ® 6...
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Can Sharp catch-up in the MPS market?
Sharp has stepped up its managed print services (MPS) initiatives as it looks to capture more mindshare in a highly competitive market. At its UK launch of its new Optimised Managed Service s (OMS) on 1st October 2015, Sharp demonstrated a hardware...
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Sharp pursues ‘niche’ resellers to bulk up document business
Sharp on recruitment drive at first Inspire partner event since 2012 Struggling Sharp is looking for more resellers to push its document management and visual display products as it looks for the group to return to the black. The company is...
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Sharp Energy Storage Solutions For Businesses
October 15th, 2015 by Jake Richardson Of course Tesla’s announcements about its new energy storage technology have generated tremendous interest. Tesla has been on something of an explosive ride following the great success of the Model S. What was a little lost in the press, is that there are other energy storage offerings emerging in the marketplace, and they also have appealing features. Sharp , for example, is providing energy storage to the commercial and industrial sector. Carl...
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Sharp Welcomes Software Developer Umango To The Sharp Partner Program
MAHWAH, N.J. , Oct. 20, 2015 /PRNewswire/ -- Sharp Imaging and Information Company of America (SIICA), a division of Sharp Electronics Corporation (SEC), has announced that Umango, a best of breed developer of scanning software and embedded solutions used to streamline and improve document related business processes, has joined the Sharp Partner Program, and achieved validation of their Sharp OSA-developed integrations for Umango Convert and Umango Extract. Umango's document scanning, file...