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In 1916 Discount San Diego Padres Jersey , Sharp got its start making belt buckles and sharpened pencils -- hence the name.
But a century later, the Japanese firm, which ballooned into a global consumer electronics giant, found itself in dire straits, saddled with huge debts and mounting losses.
A restructuring plan failed to stop the bleeding and on Thursday Sharp agreed to be taken over by Taiwanese multinational Hon Hai Precision Discount San Francisco Giants Jersey , the world's biggest electronics supplier better known as Foxconn.
The offer would be the first foreign takeover of a Japanese electronics giant, marking a blow to the once-mighty sector populated by other global brands including Sony and Panasonic.
The deal stumbled Friday as Foxconn's parent company said it would delay signing the pact to review new information it had received about Sharp, but analysts widely viewed a tie-up as all but done.
For years, Sharp -- whose name once graced the jerseys of Manchester United players -- had remained true to its humble pencil-and-belt-buckle roots.
But after the 1923 Tokyo earthquake, which left more than 100 Discount Seattle Mariners Jersey ,000 dead, company founder Tokuji Hayakawa expanded his little firm by making radio equipment and other items that could be used in a similar emergency.
Hayakawa, who died in 1980, lost his wife and two children in the quake.
After WWII, Sharp became the first Japanese firm to sell televisions. This tradition of innovation continued throughout the 1970s Discount St. Louis Cardinals Jersey , with the mass production of liquid crystal display (LCD) screens for calculators -- which in the 1990s was adapted for computer screens and later for smartphones and tablets.
Sharp is a global leader in those small and medium sized screens, which are a key asset for Hon Hai.
The companies have worked together for years on large-sized screen technology, including for televisions, and jointly operate an LCD panel plant in Japan.
- 'Tough to accept' -
But over the last decade Sharp bet almost everything on LCD, churning out giant screens from cutting-edge factories and boasting the most advanced technology in the world.
"The problem is they invested too heavily in LCD screens Discount Tampa Bay Rays Jersey ," professor Akio Makabe of Shinshu University told AFP.
"For a while that was fine, but with the financial crisis of 2008-9 everything changed. The market became more competitive in terms of price and Sharp wasn’t the best placed to deal with that," he said.
Sharp's key technological blessing today has also proven to be a curse: it produces LCD screens favoured by industry giants Apple and Samsung, but lacks the huge research and development funds necessary to keep ahead of the competition.
In 2012, a state-backed fund created Japan Display Discount Texas Rangers Jersey , which aimed to merge Sharp's small- and medium-sized LCD screen business with those of rivals Sony, Hitachi and Toshiba.
The new company was seen as a way for Japanese firms to mount a strong challenge to overseas rivals. But Sharp refused to take part.
"LCD was absolutely central to Sharp so (a merger) was tough to accept," Makabe said.
But the firm was not in a position to buy out its local LCD competitors, he added.
Sharp's decision to sell to a Taiwanese firm made clear it was turning its back on a common move by Japanese firms to merge in a bid to fend off overseas competition.
"This sort of consolidation probably wouldn’t be workable," said Kunio Saijo Discount Toronto Blue Jays Jersey , a senior technology journalist at the leading Nikkei business daily, before the Hon Hai deal was announced.
Makabe at Shinshu University said the offer from Hon Hai's colourful billionaire founder Terry Gou was "financially superior", and noted that both firms count iPhone Apple as a major client.
The Japan-based solution "would also have meant the involvement of (Sharp's creditor) banks, which wouldn’t have been ideal", he added.
But even a foreign buy-out does not guarantee Sharp's future.
LCD technology is facing a stiff challenge from rival technologies including organic light-emitting diodes (OLEDs). Sharp and Hon Hai plan to invest billions of dollars in OLED technology.
MUNICH Discount Washington Nationals Jersey , Germany, Dec. 27 (Xinhua) -- German car producer Audi AG announced Saturday to expand its investment program to 24 billion euros (29 billion U.S. dollars) at home and abroad from 2015 through 2019.
The total investment volume comprises about 17 billion euros of investment in property, plant and equipment and 7 billion euros of capitalized development costs, according to a press release of the Ingolstadt-based company.
"70 percent of all our investment in the next five years will flow into new models and innovative technologies," CFO Axel Strotbek said Wholesale Atlanta Braves Jersey , adding that "the sites in Ingolstadt and Neckarsulm are the basis for our international success. We therefore plan to make more than half of the total investment in Germany."
The production plant in Ingolstadt is already being prepared for new models. Extensive rebuilding work will start also in Neckarsulm in 2015, in order to prepare the plant for the next generation of Audi A8, according to the press release.
In the past 12 months, Audi has recruited some 3,000 new employees in Germany alone. The four rings brand announced that it will continue to recruit in 2015 Wholesale Arizona Diamondbacks Jersey , in order to underpin its course of sustainable growth.
The Importance Of Getting The Right Health Guide January 12, 2016 | Author: Deana Norton | Posted in Education
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