Print 14 comment(s) - last by theKeener.. on Nov 6 at 4:06 PM

Sharp said it expects a net loss of ¥450 billion ($5.6 billion USD) for the fiscal year 2012

Sharp Corporation made a fairly unsurprising announcement in its most recent earnings report: it's a sinking ship.

Sharp, a Japanese supplier of LCD displays, said it will need to make a few business changes if it wants to stick around. One of these changes includes its new indium gallium zinc oxide (IGZO) technology, which uses less battery power than current screens.

The IGZO technology is expected to be used in many upcoming Sharp devices, and is seen as a core product. The company also noted that it will need to focus on small and medium-sized LCD screens in order to stay afloat. 

But until IGZO gives Sharp the boost it needs (and expects), the company is sinking due to recent restructuring efforts. The company has cut employee salaries, eliminated many employees and even mortgaged factories and buildings

In addition, in the most recent earnings report posted Thursday, Sharp said it expects a net loss of ¥450 billion ($5.6 billion USD) for the fiscal year 2012. This is a big jump from its previous expected loss of ¥250 billion. 

Sharp was hoping for a save from potential partners like Hon Hai, which discussed a large investment in Sharp in return for an allotment of its shares. However, Sharp's stock has sunk in recent months and agreement talks have been drawn out. 

Source: ComputerWorld

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Dead in the water?!
By serkol on 11/5/2012 2:45:43 PM , Rating: -1
Tiffany, "Dead in the water" means"died before it was bourn." You know, a baby that dies before it gets bourn, while it's still in the fetal water... Sharp is an old company, this phrase does not apply to it. The "sinking ship" phrase that you use several times in your piece has nothing to do with "Dead in the water"

RE: Dead in the water?!
By Nyu on 11/5/2012 2:51:54 PM , Rating: 2
What does "bourn" mean?

RE: Dead in the water?!
By hkscfreak on 11/5/2012 2:52:01 PM , Rating: 5
Actually, it is used fairly often with reference to ships who have lost power and are adrift... just my $0.02

RE: Dead in the water?!
By Misty Dingos on 11/5/2012 2:56:33 PM , Rating: 4
Let me poke another hole in your sinking ship the Idiom.

Perhaps when you were born that was the collective idiomatic meaning of the phrase but time has indeed move on.

RE: Dead in the water?!
By DNAgent on 11/5/2012 2:58:31 PM , Rating: 2
Serkol, what the hell are you talking about?!?

RE: Dead in the water?!
By zozzlhandler on 11/5/2012 3:22:35 PM , Rating: 5
This discussion can't be borne. It needs to be born again.

RE: Dead in the water?!
By Reclaimer77 on 11/5/2012 4:00:07 PM , Rating: 2
He's from an alternative Earth where all the idioms have different meanings?

RE: Dead in the water?!
By TemjinGold on 11/5/2012 3:19:48 PM , Rating: 5
It appears serkol's criticism is dead in the water...

RE: Dead in the water?!
By StormyKnight on 11/5/2012 10:59:11 PM , Rating: 2
"Dead in the water" is an old nautical term used when a ship has been crippled and is unable to move or maneuver. I have never heard your so called "definition" of that phrase, so I call shens. Tiffany's article is spot on with the phrase.

RE: Dead in the water?!
By Murloc on 11/6/2012 8:23:33 AM , Rating: 2
10/10 you made everyone rage.
Good troll.

RE: Dead in the water?!
By theKeener on 11/6/2012 4:06:53 PM , Rating: 1
WTF are you talking about?

"Dead in the water"

Unable to function or move; inoperable. For example, Without an effective leader, our plans for expansion are dead in the water . Originally referring to a crippled ship, this colloquialism was soon applied more broadly.

The American Heritage® Dictionary of Idioms by Christine Ammer.
Copyright © 1997. Published by Houghton Mifflin.
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