View Full Version : Sharp to tap Samsung, banks for survival after $5.4 billion loss



Tech Bot
14th May 2013, 14:00
http://l1.yimg.com/bt/api/res/1.2/eGdPxsP2PjtaOx.BNleJLA--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-05-14T062207Z_1_CBRE94D0HOZ00_RTROPTP_2_SHARP-EARNINGS.JPG (http://news.yahoo.com/sharp-seek-samsung-edge-survival-apple-sales-lose-061645851.html)By Reiji Murai and Tim Kelly TOKYO (Reuters) - Japanese display maker Sharp Corp, a supplier to Apple Inc, will aim to boost sales to the iPhone maker's rival Samsung Electronics Co under a three-year rehabilitation roadmap after posting a worse-than-expected $5.4 billion net loss in the last financial year. The business plan, released on Tuesday, will also lean on banks for another 150 billion yen ($1.5 billion ) in funds after they saved it last year from failure, with a 200 billion yen convertible bond falling due in September. ...



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