Sharp shares hit by reports of Hon Hai deal rethink

Business Aug. 07, 2012 - 05:45AM JST ( 2 )

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Bob SneiderAug. 07, 2012 - 11:46PM JST

How pathetic. Former Japanese electronics giant desperately needs to be bailed out by a Chinese/Taiwanese company. A few years ago, Japan would've laughed if anyone had suggested this would happen.
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DogAug. 08, 2012 - 11:28AM JST

Bob SneiderAug. 07, 2012 - 11:46PM JST

How pathetic. Former Japanese electronics giant desperately needs to be bailed out by a Chinese/Taiwanese company. A few years ago, Japan would've laughed if anyone had suggested this would happen.

Not at all. A few posters, including me, have been saying this for years.

Sharp was not my prediction, SONY was, but this is the first of many and the Japanese better get used to it, like the West had to get used to the same thing happening to their industries in the 1980s, with the Japanese.

Sharp has to find 30 billion Yen by the end of September to refinance existing debt and Hon Hai has them over a barrel, if the laws of the free market are allowed to operate. However anyone who has observed Japanese economic mercantile practices know that the Japanese government will probably compel others, the banks and fellow industries, to help Sharp out.