Quick Note: Sony and Sharp Call it Quits on LCD Joint Venture
May 25, 2012 1:22 PM
comment(s) - last by
Sharp Display Products to regain 100% control after sale
Sony and Sharp announced this week that their joint venture in producing and selling large-size LCD panels and modules will terminate. Sony will sell its shares in Sharp Display Products Corporation back to SDP. Sony owns about 7.04% of all stock issued in the company.
In exchange for selling the shares back to Sharp, Sony will get cash equal to its original investment of ¥10 billion.
The return of the stock and the cash payment to Sony will be completed by the end of June 2012. Sony made the original ¥10 billion investment in December of 2009, and at that point Sharp Display Products became a joint venture between Sharp and Sony.
Sharp expects no material impact on its financial forecast for the fiscal year ending March 31, 2013. Sony also expects no material impact on its own financial forecast set to end the same month.
Sharp Display Products already holds 92.96% of all stock in the company and purchasing Sony shares will bring its ownership up to 100%.
This article is over a month old, voting and posting comments is disabled
RE: Calling Apple?
5/26/2012 12:32:02 PM
Generally speaking, it's a bad idea for a company which sells finished products to own the parts manufacturers. It means you're beholden to one supplier for that part. If Apple owned part of Sharp's LCD production, they'd be financially obligated to use it even if it didn't produce the best panels.
Apple is better off doing what they do now. Scour the parts landscape for the best suppliers, and contract with them for a limited run of production. Next year, a different supplier may have better parts or a better price, and Apple is free to switch to them.
(Yes I'm aware Samsung contradicts what I just said. They're an exception though, and even they use some outsourced parts. Most finished product companies have switched to the outsourcing business model I just described. The days when Ford built every part of the car are long gone.)
"When an individual makes a copy of a song for himself, I suppose we can say he stole a song." -- Sony BMG attorney Jennifer Pariser
"Prepare to be Punished": Microsoft is Killing OneDrive With Cuts, Blames Users
November 3, 2015, 8:23 PM
Apple's New "Magic" Peripheral Line Packs High Tech, High Prices
October 13, 2015, 9:39 PM
Samsung Adds 2 TB 850 EVO, PRO SSDs for $800, $1000
July 7, 2015, 4:23 PM
Seagate Senior Researcher: Heat Can Kill Data on Stored SSDs
May 13, 2015, 2:49 PM
How to Recover Most Apps After Your NVIDIA Driver Crashes in Windows 10
March 30, 2015, 12:54 PM
Tinkerer Gets Old School Mac Plus Running on the Modern Web
March 24, 2015, 6:41 PM
Latest Blog Posts
Sceptre Airs 27", 120 Hz. 1080p Monitor/HDTV w/ 5 ms Response Time for $220
Dec 3, 2014, 10:32 PM
Costco Gives Employees Thanksgiving Off; Wal-Mart Leads "Black Thursday" Charge
Oct 29, 2014, 9:57 PM
"Bear Selfies" Fad Could Turn Deadly, Warn Nevada Wildlife Officials
Oct 28, 2014, 12:00 PM
The Surface Mini That Was Never Released Gets "Hands On" Treatment
Sep 26, 2014, 8:22 AM
ISIS Imposes Ban on Teaching Evolution in Iraq
Sep 17, 2014, 5:22 PM
More Blog Posts
Copyright 2016 DailyTech LLC. -
Terms, Conditions & Privacy Information