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.
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