Tagged With "Reuters"

How many corks are needed to keep plugging the sinking ship......

LOL

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.

Another Ricoh acquisition?

Hope not

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...

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.

I do remember when ikon dumped sharp, and sharp was a dominant player them. After Ikon, Sharp not doing so well with copiers

Remember when Global Imaging dropped Sharp?

yeti< no I don't, when did that happen?

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.

(Reuters) - Japan's Sharp Corp warned on Monday it will likely miss this year's earnings target as an intensifying price war with cheaper Asia rivals in display panels and TVs cuts deep into the consumer electronics maker's profit margins.  ...

TOKYO (Reuters) - Japan's Canon Inc on Wednesday lifted its full-year operating profit forecast after reporting strong first-quarter results on the back of earnings from a medical equipment unit it bought from Toshiba Corp last year. The camera and printer maker forecast profit of 270 billion yen ($2.43 billion), up from 255 billion yen estimated in January. It reported profit of 228.9 billion in the previous twelve months. The upbeat outlook suggests Canon's strategy to diversify has begun...

TOKYO (Reuters) - Embattled Japanese conglomerate Toshiba Corp said on Monday it now expects to slide to a net loss of nearly $1 billion this business year after calculating taxes related to the sale of its prized chip unit. FILE PHOTO : A logo of Toshiba Corp is seen on a printed circuit board in this photo illustration taken in Tokyo July 31, 2012. REUTERS/Yuriko Nakao/File Photo Toshiba, which separated out the unit in April as a prelude to a sale, said it was being taxed on the basis of...

Via Reuters , Sharp may begin a $7 billion project to build a factory in the United States before June of this year. Apple supplier Foxconn announced plans to explore manufacturing components in the US earlier this year , and this latest report largely reaffirms those rumors with a more concrete time frame. A spring/summer start for the US plant would be sooner than many predicted. Sharp has supplied display components for Apple in the past and may be one of the OLED display suppliers for...

TOKYO (Reuters) - Japan’s Toshiba Corp ( 6502.T ) is locked in last minute discussions over “key issues” with the would-be buyers of its $18 billion memory chip business led by U.S. private equity firm Bain, potentially delaying a formal agreement on the sale. Toshiba said on Wednesday it had agreed to sell the prized unit to the Bain consortium, and had been expected to formalize the sale on Thursday. read the rest here

TOKYO (Reuters) - A Hong Kong-based activist investor in Toshiba Corp ( 6502.T ) has told the embattled conglomerate that the $18 billion sale of its chip unit to a Bain Capital-led group is no longer necessary after its recent capital injection, according to a letter seen by Reuters. FILE PHOTO: A reporter raises his hand for a question during a news conference at the Toshiba Corp company headquarters in Tokyo, Japan June 23, 2017. REUTERS/Issei Kato/File Photo Argyle Street Management Ltd,...

TOKYO (Reuters) - Toshiba Corp ( 6502.T ) and Western Digital Corp ( WDC.O ) have agreed in principle to settle a dispute over the Japanese firm’s plans to sell its $18 billion chip unit and aim to have a final agreement in place next week, sources familiar with the matter said. The board of the embattled Japanese conglomerate approved a framework for a settlement on Wednesday, one of the sources said. read the rest here

NEW YORK , June 1, 2018 /PRNewswire/ -- Thomson Reuters today announced a new integration of its tax solution with SAP® solutions to help businesses comply with global tax regulations. The company has signed an agreement with SAP (NYSE: SAP ) by which Thomson Reuters will integrate and offer SAP Cloud Platform, SAP Analytics Cloud, and the in-memory computing capabilities of the SAP HANA® business data platform with its Thomson Reuters ONESOURCE tax technology solution. The bundled solutions...

Nov 3 (Reuters) - RR Donnelley & Sons Co (RRD.N) on Wednesday agreed to be acquired by private investment firm Atlas Holdings in a deal valued at about $2.1 billion, sending shares of the printing company soaring 40% in premarket trading. Atlas' offer of $8.52 per share -- representing a premium of 29% to RR Donnelley's last close -- equates to an equity value of about $620.3 million, per Reuters calculation. The deal, expected to close in the first half of 2022, comes after RR...

TOKYO, May 11 (Reuters) - Sharp Corp (6753.T) , the Japanese electronics maker owned by Taiwan's (2317.T) Foxconn, posted on Thursday a full-year loss of $1.9 billion after writing down the value of its panel display business and a swathe of other assets. The supplier of sensors and screens for Apple Inc's (AAPL.O) iPhone reported a group net loss of 261 billion yen ($1.9 billion) in the year that ended in March, from a profit of 74 billion yen a year earlier. The company said it would not...