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Sharp Fears for its TV Future

post #1 of 23
Thread Starter 
Sharp Corp today warned it might not be able to survive on its own and is thinking about alliances with other companies.

Quote:
In a statement, the company said it booked massive second-quarter losses and is seeing "serious negative operating cash flow." "This raises serious doubts about (our ability) to continue as a going concern," it said, adding it was taking steps, from pay cuts and asset sales to voluntary redundancies, to generate cash flow.

For a few months now, Sharp has been in talks with Hon Hai Precision Industry Co Ltd about becoming its biggest shareholder.
Quote:
"Perhaps it will not fail within this year, but I don't think Sharp has a viable business in the next 3-5 years," said Tetsuro Ii, CEO of Commons Asset Management in Tokyo. "The company hasn't got much time left and they need to cut off businesses that they can, conserve cash and ... produce something that's really competitive."

Sharp CEO Takashi Okuda told reporters:
Quote:
"We have lots of great technology and we want to tap that asset to revive and make money, but I can't say we are now a company with that vitality."

This is a real shame to hear. Hopefully they can make it work.


post #2 of 23
Hint to Sharp: If you want people to buy your Elite you might want to, um, lower the price just a bit. $5,500 for a 60" TV isn't exactly competitive, even with an Elite badge.
post #3 of 23
Sad to see, though this ones been coming for a while and been perpetually growing. Hopefully they team up with the right partner and continue to develop some great flat panels, etc.
post #4 of 23
When the Quattron sets first came out I was selling tv's in a big box. The selling price breakdowns were something like this if I remember correctly:

46": $1200
52": $1500
60": $2000

We got a $100 spiff for selling a 46" and a 52", and a $125 spiff for a 60" direct from Sharp. The 60s sold as low as $1800 or so with extra sale prices. Hard to make up that margin.

The only comparable LED we had at the time was the Samsung C6000 series at $2200
post #5 of 23
They should merge with Panasonic and Sony. Just like the bad banks in the US merge. They'll be too big to fail and the JCB will hand them a trillion Yen.
post #6 of 23
They should merge with Sony or Toshiba.
post #7 of 23
If Sharp TV section goes under, who will honor all the TV warrantees?
post #8 of 23
Quote:
Sharp has been in talks for months with Taiwanese firm Hon Hai about becoming the Japanese company's biggest shareholder. Sharp said talks were continuing and it expected a deal before a March deadline.

http://www.guardian.co.uk/technology/2012/nov/01/sharp-forecasts-loss
post #9 of 23
Getting together with the other Japanese panel makers doesnt seem like a great idea, honestly they all are in trouble. Economies tend to take a growth curve, which always ends in outsourcing then collapse. Japan is just in the middle of that collapse. The best way to hedge your bet is to partner with one of those economies that is going to start its technological explosion IE China. Korea is coming into its prime now, could be an OK play but the Koreans already have most of the tech and IP they want, so why take a cash strapped company in. Purchasing sharp would give a Chinese company a patent bank to fight with.
post #10 of 23
Sony, probably, isn't doing much better than Sharp. They've done nothing but post massive losses these last several years.
post #11 of 23
Maybe Trump would bail them out if they showed proof of an original business license.

Jason
wink.gif
post #12 of 23
Quote:
Originally Posted by DaGamePimp View Post

Maybe Trump would bail them out if they showed proof of an original business license.
Jason
wink.gif

HAHAHAHA biggrin.gif
post #13 of 23
Maybe cos every Sharp owner upgraded to the $899 60" 1080p LED Vizio instead?
post #14 of 23
Quote:
Originally Posted by DaGamePimp View Post

Maybe Trump would bail them out if they showed proof of an original business license.
Jason
wink.gif

I just wish I was Trump right now because I would shave my head for $1 million dollars biggrin.gif
post #15 of 23
Bummer of a news story. I have 5 Sharp display devices (4 LCDs and a XV-Z20000) and love them. I've never owned a Kuro, but have always respected their quality. Seems like the race to the bottom has its victims.
post #16 of 23
SAD,the quality has ALWAYS been there I still have and use often an 80 cm CRT Monster I bought in 1982,built like a BATTLESHIP,one of the first TV's to have SVHS input eek.gif magnificent stereo sound never had 1 minute of a problem (even after it got soaked when the air conditioner flooded it ,just let it dry for 6 weeks and perfection) the years of happy memories biggrin.gif it has provided rolleyes.gif
post #17 of 23
your complaint of not be able to sell the 60" @ the $5500.00 only shows that you can be a truck slammer, and it's because of people such as your self that Margins have dwindled down to nothing.
post #18 of 23
Sad to see. Hope they can merge.
post #19 of 23
i could care less for sharp, they were always over priced, just like samsung. I hope LG gets more of the market since they're making better tv's this yr
post #20 of 23
I love my Sharp Aquos 32" that I bought for a measly $269 2 years ago!!!
post #21 of 23
post #22 of 23
All those cheap TV comes at a cost. Cutting lots of corners make your TV suck even more.

I got a new Panasonic 3D last week. Will it go out of business?
post #23 of 23
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