Sharp and its subsidiaries are engaged in the manufacture and sale of consumer/information products and electronic components. Co.'s principal business segments are electronics equipment and electronics parts. Co.'s products include LCD color TVs, high vision TVsl color TVs, TV/VCR combos, DVD... More
Thursday, Nov 212:51 PMWSJ: Sharp, Hon Hai abandon smartphone aspirations|Thursday, Nov 212:51 PM| Comment!
Wednesday, Nov 209:49 AMH-P reportedly working on copier OEM deal with Sharp
Wednesday, Nov 209:49 AM| Comment!
- Reuters and Bloomberg both report H-P (HPQ +0.3%) and Sharp (SHCAY) may strike an OEM deal through which the latter will make copiers under the former's brand. Reuters adds deliveries to H-P could begin in Sharp's FY14 (ends March '14).
- H-P's enormous commercial printing market reach could allow it to resell large volumes of Sharp copiers. That, in turn, could be a negative for copying giant Xerox (XRX -1.2%), which is off moderately in early trading.
- The reports come ahead of H-P's Nov. 26 FQ4 report, and at a time when the IT giant's printing sales have been pressured by the growing popularity of digital document/photo-sharing. H-P's printing revenue fell 4% Y/Y in FQ3.
- Sharp shares rose 7.6% in Tokyo.
Wednesday, Oct 29:44 AMRetina iPad Mini reportedly delayed, Apple hires cable exec
Wednesday, Oct 29:44 AM| 11 Comments
- Reuters reports the retina iPad Mini (AAPL -0.5%) "could be available in only limited quantities this year, if at all," thanks to display manufacturing challenges.
- Sources say Apple's supply chain is just beginning to gear up to make displays for the tablet, and that Apple delayed certifying display manufacturers; LG Display (LPL), Samsung Display, and Sharp (SHCAY.PK) reportedly competed to supply panels.
- Bloomberg previously reported a retina Mini and 5th-gen iPad would arrive this year, and the WSJ reported "mass production" of a retina Mini would start in Q4. Reuters' report comes as Amazon rolls out new Kindle Fires with high-res displays, and a couple months after Google rolled out a second-gen Nexus 7 with a high-res display to good reviews.
- Separately, Apple has hired Jean-Francois Mule, once an SVP for cable TV R&D consortium CableLabs, to be an engineering director. That's boosting speculation the company is working on set-tops that provide direct access to pay-TV content.
- Previous: Apple/Time Warner Cable report, talks with media giants
Wednesday, Sep 184:12 AMSharp to raise almost $1.7B
Wednesday, Sep 184:12 AM| Comment!
- Sharp (SHCAF.PK) intends to raise up to 166.5B yen ($1.68B) through a public offering of shares and via third-party placements in a move that will bolster the finances of the electronics company, which has been trying to recover from a severe crisis for over a year.
- Sharp also increased its guidance for FH1, saying it expects an operating profit of ¥30B vs a prior forecast of ¥15B and a loss of ¥168.90B a year earlier.
- The fundraising adds to investments that Sharp has received from Samsung and Qualcomm.
Friday, Aug 3010:56 AMMoody's withdraws Not Prime short-term rating on Sharp|Friday, Aug 3010:56 AM| Comment!
Wednesday, Aug 283:46 PMSharp culls prospect of copier JV with Samsung
Wednesday, Aug 283:46 PM| Comment!
- Sharp (SHCAY.PK -0.8%) ends talks with Samsung to create a copier joint venture, according to Kyodo.
- The decision comes as Japanese firms like Canon have opposed the move due to concerns that key technology would fall into the hands of Samsung. The potential JV was a diet version of Samsung's original intent. The Korean giant's offer to acquire Sharp's copier business was rebuffed in March.
Thursday, Aug 19:37 AMWSJ: Retina iPad Mini production to start in Q4
Thursday, Aug 19:37 AM| 11 Comments
- "Mass production" of an iPad Mini (AAPL +0.9%) sporting a retina display made by Samsung (SSNLF.PK), Sharp (SHCAY.PK), and LG Display (LPL) will reportedly start in Q4. No word on whether the device will also launch in the quarter, or in Q1 2014, as others (I, II) have suggested.
- 9to5 Mac just reported iOS 7 SDK code indicates a non-retina Mini is also on tap. Will Apple offer a non-retina model for less than $300 to take on cheaper, share-gaining, 7" Android tablets?
- Recent reports have also indicated Apple, in spite of its obvious differences with Samsung, plans to continue using the company as a chip foundry partner (along with TSMC), and will rely on it to supply thin LCD glass.
- AU Optronics (AUO +3%), which (together with LG Display) supplies LCDs for the current Mini, reportedly won't be a retina Mini supplier.
- Previous: Misek hikes PT to $540
Friday, Jul 194:22 AMSharp (SHCAF.PK) reportedly plans to raise ¥100B ($1B) by the end of the year through a public offering of ¥90B worth of shares and a sale of ¥10B in stock to housing appliance maker Lixil Group. Sharp, which is a major supplier to Apple for its iPhones but has faced serious financial difficulties over the past year, has approached other companies about investing also. Those who already have include Samsung and Qualcomm. |Friday, Jul 194:22 AM| Comment!
Thursday, Jun 277:10 AMSmart TVs and 50-inch LCD TVs are selling well in Taiwan, according to Digitimes. Industry analysts see broad strength for Smart TVs in Asia with penetration rates tipped to go as high as 50% in China in 2014. Sellers: Samsung (SSNLF.PK), Sharp (SHCAY.PK), Panasonic (PC), Sony (SNE). |Thursday, Jun 277:10 AM| 1 Comment
Tuesday, Jun 1110:08 PMIs there no end to the volatility? The Nikkei slides nearly 2% in early trading, a day after the BOJ meeting produces no new stimulus measures. Toyota (TM), Sharp (SHCAY.PK), and Mazda (MZDAY.PK) all fall significantly in Tokyo. At last check, the yen is at 96.53. |Tuesday, Jun 1110:08 PM| 1 Comment
Friday, Jun 74:44 PMQualcomm (QCOM) will finally make the second half of its staggered $120M investment in Sharp (SHCAY.PK), buying ¥6B ($62M) worth of shares in the TV/display panel maker after delaying the move in March due to Sharp's failure to make sufficient progress towards producing mobile LCDs based on Sharp's IGZO tech that the companies are jointly developing. Qualcomm, set to own 3.5% of Sharp, is undoubtedly interested in seeing high-res IGZO displays propel demand for its Snapdragon processors. |Friday, Jun 74:44 PM| 1 Comment
Thursday, May 169:19 PMJapanese stocks take their cue for their U.S. counterparts to trade lower today. The Nikkei Average is down 0.9% to 14,909.21. Tech-sector blue chips were among the leading decliners: Advantest (ATE -2.9%), Pioneer (PNCOY.PK -4.9%), Sony (SNE -3%) and Nintendo (NTDOY.PK -1.9%). lower. Other blue-chip losers Nomura (NMR -2%) and Sharp (SHCAY.PK -4%). |Thursday, May 169:19 PM| Comment!
Tuesday, May 146:14 AMSharp (SHCAY.PK) says it will replace its president and chairman effective June 25. The news comes after Japan's largest LCD display maker reported a record (and wider-than-expected) net loss of ¥545.35B for FY13, the largest loss in the firm's 100-year history. The company faces a tough road ahead with ¥330M in bond redemptions looming over the next two years and 10 times as many liabilities as cash. Nevertheless, management says it sees a net profit of of ¥5B in FY14, providing at least some hope that there is indeed a light at the end of the tunnel. |Tuesday, May 146:14 AM| Comment!
Tuesday, May 146:02 AM
Wednesday, Apr 108:37 PMSharp (SHCAY.PK +9%) gains today after saying it's October-March operating profit will come in well above forecasts. The company likely generated slightly more than ¥20B ($200M) in group operating profit in the October-March period, surpassing the standing projection of ¥13.8B, thanks to such factors as payroll cutbacks and increased sales of LCD panels to Samsung Electronics. |Wednesday, Apr 108:37 PM| Comment!
Friday, Mar 224:16 PMMore on Qualcomm: 1) Sharp says it will receive the second part of a $120M investment from Qualcomm by June 28; the payment had been delayed after Sharp failed to hit a deadline for developing specs for new displays based on its low-power IGZO tech. 2) Like its U.S. counterpart, the U.K. version of Samsung's Galaxy S IV will use a Qualcomm processor (the Snapdragon 600). This wasn't the case for the S III, and, along with a prior report about Korean S IV models using Qualcomm chips, demonstrates how Qualcomm's 4G baseband tech lead is yielding share gains. |Friday, Mar 224:16 PM| Comment!
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