quote:Originally posted by SalesServiceGuy:
Nov 01, Sharp Corp has now publicly announced it own doubts about it's ability to continue as a Corporation without radical corporate change and new investors.
http://www.reuters.com/article...101?type=companyNews
(Reuters) - Struggling Japanese TV maker Sharp Corp warned it might not be able to survive on its own, as it almost doubled its full-year net loss forecast to $5.6 billion, and said it was considering alliances with other companies.
In a statement, the company said it booked massive second-quarter losses and is seeing "serious negative operating cash flow." "This raises serious doubts about (our ability) to continue as a going concern," it said, adding it was taking steps, from pay cuts and asset sales to voluntary redundancies, to generate cash flow.
Its about time they admitted to their customers and future customers and shareholders the truth. Instead of this ongoing spin from SIICA. Something that we have known all along.
I'm not certain I beleive the story about its copier division being profitable either. They dont sell enough of them.