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goafrit
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re: Foxconn owner seeks 20 percent stake in Sharp
goafrit   8/21/2012 6:10:36 AM
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Simply, Sharp has to sell to survive. I do not think Sharp can compete in this age. It is an old brand. Ask a 20 year old kid and they will tell you they are yet to buy any Sharp product.

goafrit
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re: Foxconn owner seeks 20 percent stake in Sharp
goafrit   8/21/2012 6:09:30 AM
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That is how I see it. It is not the best position to be. Sharp is now a toast.

goafrit
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re: Foxconn owner seeks 20 percent stake in Sharp
goafrit   8/21/2012 6:08:54 AM
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It is possible they are going for patents. Who knows if Foxconn intends to become an OEM and evolve from contract manufacturing.

suresh.balasubrmaniam
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re: Foxconn owner seeks 20 percent stake in Sharp
suresh.balasubrmaniam   8/20/2012 7:13:46 PM
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It might be that Foxconn has a contract to build TVs from Apple and they want to use Sharp to get it done

wilber_xbox
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re: Foxconn owner seeks 20 percent stake in Sharp
wilber_xbox   8/20/2012 11:38:26 AM
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so, going further in this scenario i can not think how closing down Sharp will profit Apple or foxconn, both are not players in LCD business. Wouldn't it be better to acquire it for a supply of patents and probable for a dedicated LCD manufacturer.

Sheetal.Pandey
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re: Foxconn owner seeks 20 percent stake in Sharp
Sheetal.Pandey   8/18/2012 11:30:11 AM
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Its difficult to survive in this competition. Sharp had not been doing well so if its not Foxcon it would be someone else.

DMcCunney
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re: Foxconn owner seeks 20 percent stake in Sharp
DMcCunney   8/18/2012 4:45:13 AM
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What Sharp's best interests are will depend upon whom you ask. Sharp itself will want to remain independent, but it's not clear it *can*. It may require this deal to continue as a going concern. It needs a healthy injection of capital, and where will it get it? The banks are unlikely to throw good money after bad, and Hon Hai is the only outside investor that has expressed interest. One question is whether the Japanese banks will call the loans and force it into bankruptcy. Another is the attitude of the Japanese government, and whether it will feel compelled to intervene on Sharp's behalf as a matter of national pride. My bet is that Sharp will grit its teeth and take the deal because the alternative is going belly up.

abraxalito
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re: Foxconn owner seeks 20 percent stake in Sharp
abraxalito   8/18/2012 3:44:16 AM
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Sounds like Sharp is over a barrel - if it doesn't its creditors (Japanese banks) may well foreclose.

DMcCunney
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re: Foxconn owner seeks 20 percent stake in Sharp
DMcCunney   8/17/2012 11:32:03 PM
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This is absolutely no surprise, and about what I expected might happen. Hon Hai still wants to do the deal, but at far more favorable terms. It shouldn't be hard to come up with similar examples that have happened elsewhere in the electronics industry when someone's fundamentals changed and their partner wanted to renegotiate the deal. Whether Hon Hai will in fact ask the court to dissolve Sharp is an interesting question. That gets into political areas, as a Taiwanese company will be asking a Japanese court to do it, and I could see the Japanese government being unenthusiastic about the idea. But a 20% stake and seats on Sharp's board *are* reasonable assumptions, and Hon Hai would have a greater say on Sharp's future direction. The more interesting question, if Hon Hai succeeds in this, is whether thy might gradually increase the ownership and have Sharp become a wholly owned subsidiary.

mcgrathdylan
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re: Foxconn owner seeks 20 percent stake in Sharp
mcgrathdylan   8/17/2012 11:24:54 PM
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If selling a large stake of itself to Hon Hai (at a discount) is not in the best interests of Sharp, why would it do it? It seems to me that Hon Hai cannot compel Sharp to sell a larger stake of itself for a discounted rate.

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