Sharp luring investors with higher display allocations

Posted on Thursday, Nov 29 2012 @ 12:04 CET by Thomas De Maesschalck
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WSJ reports Sharp is courting tech firms for investments by trading displays for dollars. In order to meet its pledge to become profitable by 2014, the Japanese display maker has approached several firms like Dell, Intel and Qualcomm to receive investments in exchange for easy access to Sharp displays.
So far, all four companies have declined to comment, but investors would reportedly score easy access to Sharp displays, a deal that could be a boon for Dell's hardware division. The display outfit had originally hoped to bolster its bottom line by selling a capital stake to Hon Hai, but the deal fizzled in August. No official numbers have been announced, but the WSJ is being told that Sharp is hoping to take in ¥20 billion (about $240 million) from both Dell and Intel, and is negotiating a more meager investment with Qualcomm.
Source: Engadget

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Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.

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