SHARP PLUNGES 25%, MOST SINCE AT LEAST 1974 [NotSoBreaking] - MarketTicker Forums


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User Info	SHARP PLUNGES 25%, MOST SINCE AT LEAST 1974 in forum [NotSoBreaking]
Drench Posts: 28631 Incept: 2009-11-10	Bloomberg.com Breaking 2012-08-02 20:38:59 Permalink
Rvacha Posts: 8295 Incept: 2008-10-03 Cleveland	http://www.bloomberg.com/news/2012-08-02.... Quote: Sharp Corp. (6753), maker of Aquos televisions, said it will cut 5,000 jobs after widening its annual loss forecast to 250 billion yen ($3.2 billion) as demand for its sets slumped. The workforce reduction, the company’s first since 1950, is part of a plan to reduce fixed costs by 100 billion yen, the Osaka-based company said in a statement today. The loss outlook compares with the average 65.3 billion-yen loss estimate of 16 analysts compiled by Bloomberg, and is more than eight times the company’s previous projection of a 30 billion-yen loss. The Japanese electronics maker joins rivals Sony Corp. (6758) and Panasonic Corp. (6752) in planning job cuts following record losses caused by lower TV prices and demand, and a yen trading near its postwar high, reducing the value of overseas earnings. The steps come after Sharp unveiled a plan to separate its TV panel unit and turned to Foxconn Technology Group (2354) and founder Terry Gou for 133 billion yen in funding after forecasting its second straight annual loss. ---------- "I suggest you panic." - Hugh Hendry Last modified: 2012-08-02 20:48:05 by rvacha 2012-08-02 20:46:58 Permalink
Rvacha Posts: 8295 Incept: 2008-10-03 Cleveland	Sharp ticker on Bloomy http://www.bloomberg.com/quote/6753:JP IMHO it is amazing how well SOX is holding up ---------- "I suggest you panic." - Hugh Hendry 2012-08-02 20:49:51 Permalink
Rvacha Posts: 8295 Incept: 2008-10-03 Cleveland	Sony down 7% as well http://www.bloomberg.com/quote/6758:JP ---------- "I suggest you panic." - Hugh Hendry Last modified: 2012-08-02 20:51:16 by rvacha 2012-08-02 20:50:54 Permalink
Niti Posts: 520 Incept: 2008-03-20	Just had a new Panny plasma delivered yesterday. Last one only lasted two and a half years. Tried to fix it, but it was the PDP. Had a nice 3 inch black vertical line. Anyway, while I was trying to decide plasma vs. LCD, I noticed how many TVs brands are out there and how cheap (cost and material) they Have become. I was also the only one looking at TVs at Costco and Best Buy. Bought it from Amazon, less cost, no tax, no shipping. I'm not surprised that the profit is down. The guy who dropped off the TV said most replacements seem to be for Sony. He said Pannys hardly ever break. Keeping my fingers crossed on this one. 2012-08-02 21:15:54 Permalink
Jazen Posts: 3416 Incept: 2007-07-17 ****cago	Saw a ticker flash on Bloomy of another company laying off 5K people. Chickens are coming home to roost, true dat. ---------- I hate our Government, but I still love America. 2012-08-02 22:20:34 Permalink
Lplate Posts: 4737 Incept: 2008-08-06 Australia	Quote: Moody's downgrades Sharp to P-3, may cut further http://www.reuters.com/article/2012/08/0.... Aug 3 (Reuters) - Moody's Investors Service on Friday downgraded its short-term ratings on Sharp Corporation to Prime-3 from Prime-2, and warned it could cut again given worries about the Japanese group's debt load... 2012-08-03 02:34:16 Permalink
Poorsaver Posts: 365 Incept: 2008-05-20 Sunshine Tax State	Purchased the Sharp 70" Quattron model about a year ago. Amazing picture. Price hasn't dropped on it since I bought. ---------- "I'm going to need a hacksaw"----Jack Bauer "You can get killed walking your doggie!"----Vincent Hanna 2012-08-03 03:01:18 Permalink
Jr429 Posts: 843 Incept: 2008-01-28 Bay Area, Cali	That's what happens when you invest billions on 9/10th gen glass factories with bull**** volume forecasts. 2012-08-03 03:01:58 Permalink
Lowbeyond Posts: 16864 Incept: 2008-02-11 CO aka West NJ/East CA	as much as i hate to say it.. as i personally think there is much that can be improved on the state of the art tv's PQ wise and would love to see some high volume to keep the per unit cost dow so i can get them cheaper heh. just how are they going to sell even the next generation (whatever that is) to the masses. going from a SD crt to a HD flat panel is a huge jump. is going from an lcd to say an oled screen going to sell well when most dont even notice the flaws in current display tech ? they tried 3d, and really anyone could see that was gonna be a big flop. maybe oled with goggle-less 3d ? donno what the spark will be, perhaps there will be none. ---------- Maybe it was a birdy bread-bomber from the future?! 2012-08-03 13:48:38 Permalink
Bergziege Posts: 2756 Incept: 2007-09-08 Central IL	Westinghouse sells cheap decent LED LCDs with no frills. Flatscreens are low margain products like digital cameras. On 3D, I think Nolan got it right by not filming the latest Batman in 3D. Hopefully this will mark the end of the fad. ---------- Luckily for me, a High Standard of Living is easy. All I require is Internet, a tv dinner and a blowjob and I'm the richest guy in the world. - Bozonian I've been chasing holes all my life and it doesn't always turn out bad. - Bozonian 2012-08-03 20:14:02 From PDA Permalink