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Qualcomm delays second investment in Sharp
2013-03-18 09:38:00| Telecompaper Headlines
(Telecompaper) Sharp said a second investment of approximately JPY 5 billion Qualcomm, due to be made on 29 March, will be delayed because Sharp was unable to develop production technology for its MEMS displays. Sharp told Bloomberg that the postponement would not result in liquidity problems and that the firms were now working toward a deadline of 20 June. Qualcomm agreed in December to invest JPY 9.9 billion in Sharp, which is trying to overcome losses caused by falling demand for its TVs. The investment is conditional on the development of a plan for mass production of the displays and for Sharp's business to become profitable. The first sale of around JPY 4.94 billion of shares was completed at the end of December 2012. Earlier this month, Sharp announced that it would sell 35.8 million shares, a 3.04 percent stake, to Samsung to raise JPY 10.38 billion.
Tags: investment
sharp
delays
qualcomm
Sharp Says Second Qualcomm Investment Delayed After Terms
2013-03-18 05:10:58| Electronics - Topix.net
Sharp Corp. , the unprofitable Japanese TV maker, said a second investment of about 5 billion yen from Qualcomm Inc.
Tags: terms
investment
sharp
delayed
Sharp Says Second Qualcomm Investment Delayed After Terms
2013-03-18 04:07:58| Semiconductors - Topix.net
Sharp Corp. , the unprofitable Japanese TV maker, said a second investment of about 5 billion yen from Qualcomm Inc.
Tags: terms
investment
sharp
delayed
Car sales pace sharp gain in factory output
2013-03-16 09:47:10| Auto Dealers - Topix.net
Dietz Werland works on the assembly line at the Chrysler transmission plat in Kokomo.
Sharp to take out $313 million in loans for ailing business -- report
2013-03-14 18:23:17| CNET News.com
The company will reportedly obtain the loans this week from three different banks. [Read more]
Tags: business
report
million
sharp
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