Tagged With "Foxconn"
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Re: Imaging Channel, Let's Become the Innovation Channel!!
Geo-strategic picture. Just great, Ray!
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Re: Imaging Channel, Let's Become the Innovation Channel!!
Ray Good stuff, however when discussing imaging (which is a wide portfolio of devices), everyone seems to forget about the huge growth of niche imaging devices. Those devices include wide format, grand wide format, label presses, and envelope presses. While in Las Vegas in the spring of this year, I was able to attend the ISA Sign Expo. I've been to a lot of events in the past year and the ISA was the largest event I every attended. Two hundred thousand square feet of convention space with...
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Re: Foxconn Lowering Offer for Japan's Sharp
I mentioned this three weeks ago when I saw the draw back from Foxconn. Sharp has no other alternative move but to accept whatever offer comes it's way. Huge loans are due April 1st to the Japanese banks. Wonder if Gou will stay with the same monetary commitment and get all of Sharp or lower the amount and stay with the same percentage from the original deal. If the offer is less, than Sharp will have to re work it's comeback plan, and I'm sure that comeback plan will affect many of the...
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Re: Foxconn Lowering Offer for Japan's Sharp
Article from last night stated that since Foxconn, is offering 900 million less because of debt and year end financials that Samsung is ready to make a last minute offer for Sharp. This is crazy!
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Re: Discussion about Sharp Corp & Possible Foxconn Take Over
I don't care how much the copier division makes as far as profitability goes when that division is probably a small percentage of the overall company. My guess is it will go up for sale at some point. My bet would be to Samsung. I also don't see how that division is profitable based on what I see down the street. I kind of believe it about as much as I believed Ricoh in the dealer meeting a few years ago saying "regardless of the rumors your hear, the direct operations are profitable." From...
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Re: Who would have thought that Canon, Ricoh, Sharp & Samsung would..
Consolidation is inevitable. The successful will ultimately digest the not-so-successful.
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Re: Who would have thought that Canon, Ricoh, Sharp & Samsung would..
I think Samsung buys Sharp and I do think Xerox will be sold off to someone but I don't know who that would be. I could see another IKON scenario between Canon and Ricoh trying to buy Xerox to get all their dealers back.
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Re: Foxconn, Sharp Reportedly Set To Sign Takeover Deal March 31
with the original deal for $4.3 billion US dollars. Sharp USA reported that 45 million was to go to the North American market for building the business imaging division. In a document from Sharp the 45 million. Since the buy number is now 1/5th less. I would expect that number to now drop to 36 million or so.
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Re: Foxconn, Sharp Reportedly Set To Sign Takeover Deal March 31
I would be surprised if any such discretionary spending can survive unless Fox Con desides to dump a bunch of money into making this acquisition pay off. Remember that Sharp has already cut to the bone and some things probably cannot be cut any further.
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Re: Is The Time Right for Copiers to be Made in The USA Again?
I'd love to see it but I think in the end very few people really care if it is made here. Many people claim that they want to buy US made goods but as soon as they have the opportunity to do so they go right back to the foreign, cheaper goods because of the cost. This whole buy USA thing has gotten so much attention recently due to Trump, but until people change their tune about wanting it as cheap as possible nothing will change. Policy on foreign made goods may force people to change but...
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Re: Is The Time Right for Copiers to be Made in The USA Again?
I agree with Jason. It would be nice to have technology manufactured in the US in general. But at the end of the day our labor expenses and manufacturing process automation/quality assurance seem lacking in the globalized landscape. Manufacturing copiers and printers here would also involve moving the manufacturing from existing plants. In a market space where existing manufacturing is below capacity, it would make the case harder to move one. To provide a solution - why don't we reinvest in...
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Re: Is The Time Right for Copiers to be Made in The USA Again?
We're already manufacturing toner here in the US. HP PageWide and MemJet technology is the technology of the future. Just need to tweak the technology some so everyone can use bond paper and get excellent quality. TY for the post!
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Foxconn to build US$9 billion chip plant in China with local govt
Taiwan's Foxconn and its Japanese electronics unit Sharp Corp are in the final stages of talks to build an advanced chip plant in Guangdong, China, with a local government, the Nikkei business daily reported. TOKYO: Taiwan's Foxconn , Apple Inc's iPhone assembler, is in the final stages of talks with the local government of the Chinese city of Zhuhai to build a chip plant there with a total investment of about US$9 billion, the Nikkei business daily reported on Friday. The total investment...
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Sharp contractors axe 3,000 staff as iPhone sensor output shifts: union
TOKYO (Reuters) - Nearly 3,000 foreign workers subcontracted to Sharp Corp have been laid off in central Japan, a labour union said, as the firm moves production of some sensors for Apple iPhones to a Chinese plant owned by its parent Foxconn. The labour union said some of the laid off workers were its members. The union is in Mie Prefecture in central Japan, where Sharp's plant is located. The news of the relocation, first reported by the Nikkei business daily, and the layoffs sent Sharp...
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Sharp reports last quarter’s earnings
- Sharp is division of Hon Hai Precision of Taiwan, also known as Foxconn - total sales down 1.2% to 634.9 billion yen - Operating profit was up 38.5% to 29.4 billion yen - (did not break out earnings for printer/MFP division)
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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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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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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 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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Sharp Accepts Foxconn’s $6.24 Billion Takeover Offer
Sharp Corp.s board approved a plan Thursday for Apple Inc. assembler Foxconn Technology Group to take over the company for 700 billion ($6.24 billion), people familiar with the situation said, in a rare case of Japan Inc. relinquishing a venerated brand to a foreign buyer. read the rest here
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Sharp Corporation "What Happens Now?"
Well, it took long enough. I'm sure this brought a smile to Vince's face. I see that he's on the site right now. What happens NOW? Initial reports from a few days ago stated that Sharp Execs would kept on board. There was no mention of how long from recent reports, and I would those execs may have a year or so at most. If I were Terry Gou, I would offer them an additional severance package to leave early. You don't want them hanging around and mismanaging the company. Another report stated...
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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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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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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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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 $5.5 billion bailout plan likely to be decided by next weekend: sources
A Japanese state-backed fund and Sharp's ( 6753.T ) lenders are likely to agree on a new rescue plan worth around 650 billion yen ($5.5 billion) for the struggling display maker by next weekend, sources with direct knowledge of the matter said on Friday. The plan would represent the third bailout in as many years for Sharp which must also weigh a proposal from Apple supplier Foxconn ( 2317.TW ). The state-backed fund, Innovation Network Corporation of Japan, is widely seen as the frontrunner...
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Foxconn details offer for troubled Sharp, Gou steps in: source
Taiwan's Foxconn ( 2317.TW ) has detailed its offer for troubled electronics maker Sharp Corp ( 6753.T ), a person with direct knowledge of the talks said, potentially complicating a rescue bid led by a Japanese state-backed fund. Innovation Network Corporation of Japan (INCJ), still seen as a front runner, will go head-to-head with Foxconn in the bidding for Sharp, and its third bailout in under four years. Foxconn, formally known as Hon Hai Precision Industry, had already offered over 600...
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Japan Won’t Give Up Sharp Without a Fight
Japanese Prime Minister Shinzo Abe came into office on a pledge of resuscitating the economy with market reforms and stimulus programs. Now his government’s commitment to shareholder rights faces scrutiny in the case of troubled electronics giant Sharp. Although the Osaka-based company is a household name because of its TVs, it’s long operated in the red. For the year ending in March, analysts estimate a loss of 82 billion yen ($694 million). Sharp is in talks with two possible saviors:...
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Japan fund undecided on Sharp; Foxconn reportedly ups offer
A Japan ese state-backed fund said on Friday it had yet to decide on its potential rescue plan for Sharp Corp, while a media report said Taiwan's Foxconn had raised its offer in a rival move for the struggling electronics maker. Innovation Network Corp of Japan (INCJ) officials have been discussing a capital injection of more than 300 billion yen ($1.7 billion) into Sharp and up to 350 billion yen of financial assistance from the company's two main lenders, sources have told Reuters. The...
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Discussion about Sharp Corp & Possible Foxconn Take Over
In recent news it seems that Sharp Board of Directors is favoring and wants to explore the Foxconn takeover aka buyout more. Foxconn offer is almost twice that of Japans INCJ (Innovative Network Corp of Japan). From what I've read, is that INCJ is a public-private partnership between the Japanese government and 19 major corporations. (got that from wiki). The government of Japan also provide monetary guarantees to INCJ. Foxconn is located in New Taipei City in Taiwan, in...
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It's A Deal: Foxconn Is Buying Sharp Corporation
Taiwanese manufacturing and supply firm Hon Hai Precision Industry Co, or more readily known as "Foxconn," will acquire Japan's Sharp Corporation for $5.5 billion, Reuters reports . The deal is expected to close by the end of this month and the amount that Foxconn is offering would make it the largest acquisition by a foreign company in Japan's tech sector to date. Upon word that Foxconn chief executive officer Terry Gou had flown to Japan to meet with Sharp executives, Sharp’s shares rose...
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Sharp Board Under Pressure to Consider Taiwanese Bid Over Japanese Offer
Sharp Board Under Pressure to Consider Taiwanese Bid Over Japanese Offer Japanese government-owned investment fund has upper hand despite Foxconn’s higher offer TOKYO—The board of Sharp Corp. is scheduled to meet Thursday to weigh competing takeover offers from a Japanese government-backed investment fund and Foxconn, but it is under growing pressure to postpone a decision to examine the Taiwanese electronics assembler’s bid more closely, according to people familiar with the situation...
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Foxconn says agreed with Sharp on most points of a takeover deal
Taiwan's Foxconn is aiming to finalise a deal to acquire Japan's Sharp Corp by the end of the month, after the two firms reached a consensus on most points, Foxconn Chief Executive Officer Terry Gou said. Foxconn, known formally as Hon Hai Precision Industry Co, has been given preferred negotiating rights and most remaining issues to be resolved were legal and regulatory, Gou said after meeting with executives of the struggling electronics maker on Friday. The Apple Inc supplier has offered...
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INCJ Sticks by Rescue Plan for Sharp as Foxconn Talks Continue
Innovation Network Corp. of Japan 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 an interview in Tokyo on Wednesday. “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...
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The Sharp-Hon Hai (Foxconn) Acquisition Drama Thickens: Or Is It Kabuki?
It appears that I was wrong (would “dead wrong” be more accurate?) in my last post . Its title was: “Why Sharp Is Being Rescued By Japan Inc. And Taiwan’s Hon Hai (Foxconn) Rebuffed.” On Friday, Hon Hai Precision Machinery (Foxconn)’s chairman Terry Gou spent over eight hours in meetings with Sharp Corporation’s president, Kozo Takahashi at Sharp’s Osaka headquarters, during which Gou pitched his 700 billion yen ($5.8 billion) rescue-acquisition and restructuring plan for Sharp. Emerging...
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Samsung Might Plan To Outbid Foxconn In Acquiring Sharp
Over the past several years, Sharp Corporation has become one of the best mobile display manufacturers in the world, and one of Apple’s main display suppliers for both the iPhone and the iPad lineups. However, as more companies raised the stake in the mobile display business and continued to up the quality of their products all the while decreasing their prices, Sharp began losing a lot of ground to its competitors, and last month the company revealed that it might register losses of $256...
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Foxconn, Sharp Reportedly Set To Sign Takeover Deal March 31
Taiwan’s Hon Hai Precision Industry, aka Foxconn Technology Group, and Japan’s Sharp plan to sign an agreement Thursday giving the former company a controlling stake in the latter through its purchase of newly issued equity for an estimated 389 billion yen ($3.44 billion), the Nikkei Asian Review reported Saturday, citing people familiar with the negotiations. The world’s largest electronics contract manufacturer and the beleaguered maker of consumer electronics products were on track to...
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Foxconn already calling shots on management reshuffle at Sharp
OSAKA -- Sharp named new executives Tuesday, reflecting the wishes of Taiwan's Hon Hai Precision Industry , also known as Foxconn, which will become the new owner of the troubled Japanese electronics maker. Katsuaki Nomura, chairman of Sharp's large-panel manufacturing affiliate Sakai Display Products, will serve double duty as a Sharp executive vice president. The affiliate's president, Taimi Oketani, will become a Sharp executive managing officer. Both will begin their new roles Wednesday.
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Sharp Shares Dip After Report of Wider Losses in Fiscal 2015
Sharp Corp. shares fell after the Nikkei reported that the electronics manufacturer may post a wider loss for the current fiscal year than analysts had anticipated. Sharp is in the final stages of negotiations with Foxconn Technology Group, which is seeking to acquire the maker of Aquos televisions after years of wrangling. Foxconn has held off on signing a final deal for more than a month as it looks more closely at Sharp’s finances, especially its performance in the current quarter. read...
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Sharp, Under Foxconn, Aims to Excel in Phone Displays
SAKAI, Japan—Success for Sharp Corp., newly under the control of Taiwan'sFoxconn Technology Group, may boil down in large part to whether it can stay ahead in the fast-changing technology for smartphone displays. Foxconn chief Terry Gou formally signed the $3.5 billion deal to take a controlling stake in Sharp on Saturday, in a long-delayed conclusion to talks that had left the struggling Japanese electronics maker in limbo for months. Read more: ...
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Takeover of Sharp advances Hon Hai’s clean-energy ambitions
Hon Hai Precision Industry Co.’s rescue of Sharp Corp. promises to bolster the Taiwanese electronics maker’s ambitions for a bigger role in clean energy in some of the world’s most polluting countries while also providing a firmer footing in Japan. Hon Hai, also known as Foxconn, which reached a deal last week to take control of Sharp, has previously announced plans to improve energy efficiency at its factories and introduce more solar power in China and India. By buying Osaka-based Sharp,...
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Sharp Said to Consider Forming LCD Venture Rather Than Sale
Sharp Corp. is leaning toward spinning off its liquid-crystal display business into a joint venture with a third party, rather than selling the unit outright, people familiar with the matter said. Innovation Network Corp. of Japan and Hon Hai Precision Industry Co. are the two leading candidates Sharp is considering for partnership, according to the people, who asked not to be named because the discussions are private. The Osaka-based supplier to Apple Inc. and the potential partners haven’t...