Open Enrollment | Subscribe to Dealerscope HERE
Follow us on

Sharp Fears for Future as Japan TV Makers Bleed

November 1, 2012

Struggling Japanese TV maker Sharp Corp warned it might not be able to survive on its own, as it almost doubled its full-year net loss forecast to $5.6 billion, and said it was considering alliances with other companies.

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.



Companies Mentioned:

More Suggested Content:

LG's first 4K TV
LG Launches First 4K TVs
October 25, 2012 From News
LG Electronics said Thursday that its first 4K Ultra HD TVs are now on sale for the U.S. market. The new products were unveiled at an event in Los Angeles, along with retailer Video & Audio Center. 
Sony XBR-84X900
Sony Will Keep 4K Name
October 19, 2012 From News
A day after the Consumer Electronics Association announced that 4K TVs will be known as "Ultra High Definition," Sony announced its intention to continue using the 4K designation.


Click here to leave a comment...
Comment *
Most Recent Comments: