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Cash-Poor Sharp Mortgages Display Factories

Posted by timothy on from the surely-they-can-reach-a-resolution dept.

Sharp is one of the small handful of companies that actually make the LCDs that go into products badged with many other companies' names. Now, itwbennett writes "The company was asked by one of its main banks to put its physical assets, including its Apple screen plant, up as collateral for about $2 billion in emergency loans, according to an IDG News Service report. Sharp expects to lose over $3 billion this fiscal year."

5 of 111 comments (clear)

  1. Re:Wha? by ackthpt · · Score: 4, Insightful

    Sharp makes amazing screens why are they in trouble? What did I miss?

    Just because you make a fantistic bunch of hardware doesn't mean you can't have a load of bozos running around the board room with seltzer bottles in one hand and balloons in the other. Remember how bad Commodore was at marketing the Amiga? Ready ... FIRE! Aim ...

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  2. Anyone else have trouble parsing the title by LehiNephi · · Score: 5, Insightful

    If the title of this post isn't reason enough to reform the English language, I don't know what is. At first I though it had something to do with homeowners refinancing.

    Cash-Poor (adj) Sharp (adj/noun) Mortgages (verb/noun) Display (verb/adj/noun) Factories (noun)

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    1. Re:Anyone else have trouble parsing the title by Anonymous Coward · · Score: 4, Insightful

      This title is a good argument against capitalizing every word. Proper nouns would be evident.

  3. Re:Wha? by 6031769 · · Score: 4, Insightful

    Or DEC. Or Silicon Graphics.

    Actually, it's starting to look like quality of products is always inversely proportional to quality of directors/management. If that isn't somebody's first law of economics, I'm claiming it.

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  4. Re:Wha? by Spy+Handler · · Score: 4, Insightful

    They got hit by a double whammy. Foreign exchange rates on one hand, and more nimble Korean competition on the other.

    Strong Yen eroded their profits, while at the same time Samsung and LG made huge aggressive bets by pouring billions into new LCD and LED making equipment and benefited from economy of scale. Basically the Koreans are doing to the Japanese companies what the Japanese themselves were doing to American companies back in the 70's.

    Samsung makes a healthy profit from TVs, while Sony and Sharp loses money on every TV they make.