A 4SquareMedia Website

> Wearable Technology
> Appliances
Air Conditioning & Heating
Health & Grooming
> Automation
> Automotive
> Buyers Guide
> CEDIA 2010
> Comment
> Content & Downloads
> Digital Photography
> Gaming
> Green Energy
> HD
> Home Cinema
> Home Office
> How Stuff Works
> Installation
> Portable Players
> Media Centres
> Phones
> Real Sound
> Reviews
> Smart Awards 2013
> Smart Ideas
> Trio Awards 08
> TVs & Large Display
> Wireless & Networking
> Featured Reviews
> Advertising
> Competitions
> Contact
> Disclaimer
> Signup
> Terms & Conditions
> Subscribe to Newsletter
> Subscribe to Magazine

Top 10 Viewed Articles
  1. Who Has The Best LCD TV: Sony, Toshiba Or Samsung?
  2. FIRST LCD TV REVIEW: LG Scarlet 60 Vs Samsung Series 6
  3. Sony PS4 Not Far Away
  4. The Humble PC Gets A Whopping Makeover
  5. Sony Bravia LCD TVs Vs Samsung LED HD TVs Which is Best?
  6. Toshiba Working With Microsoft On New Entertainment Xbox
  7. Blu-ray Xbox 360 Planned By Microsoft
  8. Massive Failure Rate For Xbox 360 Exposed
  9. Free Sony PS3 Con
  10. How To Build Your Own Digital Media Server: Part I
Top 10 Viewed Reviews
  1. First Review: Samsung Series 7 LED TV
  2. Movies On-The-Go With Teac DVD Boombox
  3. Who Has The Best 32-inch Screen: Panasonic, Samsung, or Sony?
  4. Who Has The Best Home Theatre Kit? Denon vs Bose
  5. Every Bit Of Defence Counts
  6. New Denon Home Theatre Makes Bose Look Like Yesterdays Technology
  7. Best Media Player On The Market
  8. At $1,499 The Aldi Medion 17-inch Notebook Is A Steal
  9. Affordable Noise Cancelling Headphones That Work
  10. B&W 600 Speaker Delivers Real Sound


Sharp Facing A Grim Future As Samsung Circles Assets

By David Richards | Tuesday | 26/03/2013

20 years ago Japanese brands Sharp and Sanyo dominated in the Australian consumer electronics market, their TV's and appliances were seen as leading edge technology.

Today the Sanyo brand along with their consumer electronics products range have been dumped by Panasonic who acquired the Company last year, Now Sharp is struggling to survive despite a good year in Australia last year.

Globally Sharp is facing a torrid future , with several big Companies now circling the struggling Company who are desperate to secure a cash injection ahead of looming financing deadlines which if not met could see the Company placed into Chapter 11 administration.

Sharp has interest-bearing debt of $12.4 billion, or more than seven times the amount of cash on hand. Their stock is down more than 50% from a year earlier, despite significant gains in Japanese stocks overall.

Sharp said it has sold its Tokyo office buildings, while scaling back production at two domestic manufacturing sites. It has also announced plans to cut 5,000 jobs globally, the first layoffs to hit its domestic workforce since 1950. It also cut salaries and scaled back investments.

9 months ago Sharp Australia moved into the large screen TV market ahead of brands like LG and Samsung, success followed with consumers snapping up their 80" TV's right across Australia also popular are the Companies steam ovens and appliances. 

 Observers claim that Sharps global options have shrunk in recent days, as management struggles to find a solution to their cash crisis.

According to the Wall Street Journal complicating Sharp's attempts to survive increasingly dire finances, two former presidents have joined current President Takashi Okuda in seeking to negotiate deals with different sets of possible investors, creating confusion among creditors and potential investors about who is in charge at this critical moment.

"It's not clear who is at the helm," said an official at one of Sharp's lenders. "The company's governance is not functioning as it should."

Recently both Samsung Electronics and Qualcomm acquired minor stakes each worth about $106 million in the struggling Company.

Analysts claim that Sharp needs to raise significantly more money to bolster its debt-saddled balance sheet.

One of the few options open to Sharp, according to people familiar with the situation, is taking a deal from private-equity funds that have tougher requirements than industry peers.

One potential source of capital was Apple partner Foxconn but that deal fell apart in August of 2012.

Sharp's lenders are already urging the company's management to be more aggressive about selling assets or businesses. But Sharp executives are more focused on securing additional capital before taking more drastic restructuring measures, according to people familiar with the talks between Sharp and the banks.

Recently Sharp turned down Samsung's offer to buy its copier business as part of the capital-alliance talks, "While we had previously expressed an interest in Sharp's copier business, Sharp has rejected our interest in this matter," said Samsung in a statement. Sharp said it decided to hold on to the unit because it remains an attractive business.

Print this article
Email this story to a friend
Link this story:
Link this page to delicious Link this page to Digg Link this page to Furlit Link this page to News Vine Link this page to Reddit Link this page to Spurl Link this page to Yahoo My Web RSS this section

New LG 65   New LG 65" Ultra High Definition TV, Complete With Pop Down Speakers: REVIEW
LG Australia has finally rolled out their 65" Ultra High Definition TV offering in Australia and what you get is a TV that delivers a quantum leap in TV technology and surprisingly a significantly improved sound system that is delivered from pop down speakers but the big question is whether it is worth $6,999.
Product Rating 4.5

Westfield To Split   Westfield To Split
Shopping giant to separate ANZ, international operation
Product Rating 0

REVIEW:Note 3 Is The Best There Is In Phablet Smartphones   REVIEW:Note 3 Is The Best There Is In Phablet Smartphones
If you are one of those people who love technology but struggle to manage the hundreds of apps and the endless capabilities that today's smartphones are capable of delivering then the new Samsung Note 3 is not for you.
Product Rating 5

Get the latest news
Subscribe today for your daily news of consumer electronic news...
Get the latest news

reaches over 2 million consumers a year. Contact us today about special deals..

For more information ...

Apr/May 2011 issue

reviews the hot new iPhone attach device, the Zeppelin Air. And we look at what's going on in the tablet space...