Seeking Alpha
Research analyst, newsletter provider, Japanese micro & smaller caps, value
Profile| Send Message|
( followers)  
It looks like Sharp paid heed to analyst concerns that its capacity would be too limited to benefit from the usually prosperous holiday shopping season. Fret no more because Sharp is moving up by two months the launch of its Kameyama 2 LCD panel factory to the beginning of this month, instead of October.

Initially Kameyama 2 will have a monthly capacity of 15,000 panels and by March 2007 will be able to put out 30,000 with the start-up of a second production line. 8th generation panels will be manufactured meaning each substrate of glass will be cut for either eight 40-inch class panels or six 50-inch class panels. Sharp announced that production of glass substrates will begin this month, while production of large-screen LCD TVs equipped with the panels will begin in September. These LCDs will be for targeted at Sharp's global markets.

For more details see Sharp's press release by clicking here.

For a summary of Sharp's Q1 earnings see: Sharp Posts Record Quarter, LCD TV Sales Double Y-o-Y.

Ordinary shares of Sharp (Tokyo: 6753) closed Monday down 0.10% at 1,935 yen ($16.76). Its ADRs closed yesterday up 0.90% at $16.75.

Sharp Corp (OTCPK:SHCAY) 1-year chart:



Source: Sharp Moves Up Launch of Kameyama 2 LCD Panel Factory