Sharp: Dead in the Water?
November 5, 2012 2:05 PM
comment(s) - last by
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.
This article is over a month old, voting and posting comments is disabled
RE: Dead in the water?!
11/5/2012 2:52:01 PM
Actually, it is used fairly often with reference to ships who have lost power and are adrift... just my $0.02
"Well, there may be a reason why they call them 'Mac' trucks! Windows machines will not be trucks." -- Microsoft CEO Steve Ballmer
Sharp Aims 5-Inch, 443 PPI 1920x1080 Pixel Displays at Smartphone Market
October 1, 2012, 11:14 AM
Sharp Debuts Rimless, Semi-transparent Solar Cells for Builders
September 26, 2012, 2:42 PM
Google Unveils Solar Panel Lease Plan for Homeowners
April 23, 2014, 9:56 AM
Quick Note: Apple Invites Companies to “Copy” Its Environmental Record
April 22, 2014, 7:58 AM
OnePlus One Images Leak Ahead of April 23 Launch
April 21, 2014, 5:19 PM
Nike Axes FuelBand Team, Exits Wearable Device Market
April 21, 2014, 4:58 PM
UK Teachers Want Parents to Cut-Off Their Children's Internet, Tablet Use at Night
April 17, 2014, 3:40 PM
Quick Note: Chrome Remote Desktop App for Android Launches
April 17, 2014, 9:26 AM
Most Popular Articles
A Bug's Life: Female Cave Bugs Have Penises, Penetrate Males for Three Days
April 17, 2014, 7:20 PM
HTC Hires Former Samsung Marketing Chief Who Developed "Galaxy" Brand
April 18, 2014, 6:00 PM
NASA Finds "Habitable Zone" Planet Sized Similar to Earth
April 18, 2014, 3:13 PM
Mounties Arrest 19-Year-Old Who Delayed Canada's Tax Filing w/ Heartbleed
April 17, 2014, 3:24 PM
Thanks to Government Crackdown, Chinese "Porn Cop" Has Watched 600K Adult Videos
April 21, 2014, 12:00 PM
Latest Blog Posts
Facebook Aims to Provide Internet to "Every Person in the World" with Drones, Satellites
Apr 1, 2014, 10:20 AM
Retail Mobile Sites Experience Outages in Light of Simplexity's Bankruptcy
Mar 14, 2014, 8:48 AM
Tesla vs. BMW: Who Has the Safer EV?
Feb 1, 2014, 2:56 PM
Justice Leaks Details of Next HTC One Two Flagship Phone
Dec 5, 2013, 4:04 PM
Global Cyber Espionage Concerns Reveal Growing Cyber Armies
Nov 29, 2013, 11:04 AM
More Blog Posts
Copyright 2014 DailyTech LLC. -
Terms, Conditions & Privacy Information