Tagged With "Corp"
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Re: Sharp Corp Surges Third Day After Reports Banks May Forgive Loans
A week later, after heavy volume on the Tokyo stock exchange, Sharp's share price has steadily fallen back to close to its 52 week low.
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Re: Xerox explores sale of leasing finance unit: sources
Oce did that 10 years ago and went bust. They didn't realise how much they relied on the monthly rental income and how inflexible third party leasing companies are when you want to upgrade mid term. The financing arm is usually the most profitable side of the business. High interest rate to customers, low rates for them and if the customer goes bust you generally get you equipment back and at the end of the contract you get your gear back.
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Re: Xerox explores sale of leasing finance unit: sources
Do you think Icahn and Deason are in it for the long-term? Or is this a corporate takeover to temporarily raise the stock price and cash out on their investment?
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Re: Xerox explores sale of leasing finance unit: sources
I'm with you Czech, it's all about those top shareholders cashing in
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Re: Sharp Poised to Miss First-Half Forecast, Cut 2016 Target
Why are they changing the target?? Makes zero sense. Shouldn't they find a way to hit the target instead of lowering it just to impress the shareholders?
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Re: Japan’s Sharp Cutting It Close
I was able to read this on my ipad. Interesting point that rarely does a Japanese company go bankrupt. Another interesting point is that the banks will gain additional share in Sharp. The last point, in all of the recent articles, there is no mention to the imaging division.
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Re: Japan’s Sharp Cutting It Close
read this, even better than the Wall Street Journal!! http://www.bloomberg.com/news/...-options-for-funding
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Re: Xerox says exploring potential deal for financing business
Maybe HP buys the finance business. should fit right in with their global finance expansion. Not to mention HP will eventually buy the entire Xerox business, as soon as carl gets all the operating cost lower. Xerox is working on a strategy to sell. It won't be long before HP opens the garage in Palo Alto and welcomes the new team from Rochester.
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Re: Foxconn Lowering Offer for Japan's Sharp
I mentioned this three weeks ago when I saw the draw back from Foxconn. Sharp has no other alternative move but to accept whatever offer comes it's way. Huge loans are due April 1st to the Japanese banks. Wonder if Gou will stay with the same monetary commitment and get all of Sharp or lower the amount and stay with the same percentage from the original deal. If the offer is less, than Sharp will have to re work it's comeback plan, and I'm sure that comeback plan will affect many of the...
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Re: Foxconn Lowering Offer for Japan's Sharp
Article from last night stated that since Foxconn, is offering 900 million less because of debt and year end financials that Samsung is ready to make a last minute offer for Sharp. This is crazy!
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Re: Toshiba Partners Brace for Possible Bankruptcy Filing
Don't have a subscription, maybe someone else does?? Corp going bankrupt would be a big deal. Curious how it would affect their business units.
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Re: Discussion about Sharp Corp & Possible Foxconn Take Over
I don't care how much the copier division makes as far as profitability goes when that division is probably a small percentage of the overall company. My guess is it will go up for sale at some point. My bet would be to Samsung. I also don't see how that division is profitable based on what I see down the street. I kind of believe it about as much as I believed Ricoh in the dealer meeting a few years ago saying "regardless of the rumors your hear, the direct operations are profitable." From...
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Re: My Two Cents on Toshiba and Toshiba Tec
Many buyers including Apple have expressed keen interest in buying Toshiba Corp's semiconductor/ chip business. It is expected that the proceeds will more than cover all of Toshiba Corp's debt. http://appleinsider.com/articl...lash-memory-business Even if Toshiba Corp sold off its 50% interest in Toshiba Tec, it would not generate enough cash to make much difference in removing Toshiba Corp's debt. Toshiba Tec's diversification of product lines is key to its long term viability.
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Re: Toshiba Tec shares rise more than 6 percent on sale report
By Christine Chou -- Japanese consumer electronics giant Toshiba on Monday denied reports saying it had been considering selling shares in subsidiary Toshiba Tec, a cash register systems maker. A Nikkei report previously claimed the near-bankrupt electronics firm was seeking to sell part of Toshiba Tec in order to plug an upcoming US$6.3 billion write down for its U.S. nuclear unit. According to the report, Toshiba has selected an advisory firm to help find a buyer soon for the point-of-sale...
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Xerox Investors Say Fuji Will Pounce If Merger Stop Lifted
Xerox Investors Say Fuji Will Pounce If Merger Stop Lifted By Alison Noon Law360, New York (September 25, 2018, 7:12 PM EDT) -- Counsel to Xerox Corp. shareholders urged a Manhattan trial court on Tuesday to continue blocking an abandoned merger agreement with Fujifilm Holding Corp. once valued at $6.1 billion, saying a change... read the rest here
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Xerox explores sale of leasing finance unit: sources
(Reuters) - Xerox Corp is considering the sale of a leasing unit that lends money to customers to rent printers and equipment, to make itself more attractive to potential acquirers following the termination of its $6.1 billion sale to Fujifilm Holdings Corp, people familiar with the matter said on Friday. Divesting the leasing unit would relieve Xerox of roughly $3.6 billion in debt, one of the sources said. Activist investors Carl Icahn and Darwin Deason, who took control of Xerox earlier...
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NY Judge Won’t Approve Xerox Deal Or Say What To Do
Law360 (July 16, 2018, 10:17 PM EDT) -- A New York judge raised concerns over a shareholder deal with Xerox Corp. over its abandoned plans to merge with Fujifilm Holdings Corp., expressing puzzlement at a hearing Monday over the appearance of certain terms and rejecting a request to clarify what the investors’ lawyers should do next. Judge Barry Ostrager, who is overseeing several state lawsuits related to the failed merger, told the phalanx of lawyers crowded into his courtroom that he was...
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Conduent laying off 410 Colorado Springs positions
A New Jersey-based telecom company will soon lay off 410 according to notice filed with state labor officials last week. The company, Conduent Commercial Solutions LLC, spun off from Xerox Corp. in 2017 and local job cuts have piled up since then. Read the rest here
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Long-Time Konica Minolta Partner Norprint Corp. the First in Central Canada to Acquire MGI Meteor DP8700 XL+
MISSISSAUGA, Ontario, May 02, 2019 (GLOBE NEWSWIRE) -- Konica Minolta Business Solutions (Canada) Ltd. ( Konica Minolta ), a leader in the Graphic Communications industry, is pleased to announce that Norprint Corp. (the Company), a trade-only commercial printer based in Oakville, has acquired an MGI Meteor DP8700 XL+ digital press. Equipped with inline digital hot foiling capabilities, the new device will allow the Company to offer custom foil finishing for a number of applications including...
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Re: BTA Marketing Workshop
I am out of the office until 08/04/2015. I am away if you need to talk to someone please contact Darren Downey our GM Office 633-9264 X 226 Cell 204.229.7231 My Cell is 204.890.8570 Note: This is an automated response to your message "New Event: BTA Marketing Workshop" sent on 4/5/2015 9:24:06 AM. This is the only notification you will receive while this person is away.
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Re: Sharp Issues Profit Warning
Interesting....., last week we get reports that Sharp USA sold their Headquarter in NJ, only to lease it back. Then I get an email earlier today about a rumored GIANT acquisition in the industry. Now, I get this Sharp financial update with an unknown source claiming that Sharp will lose billions (yen that is). Very interesting indeed.
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Re: Sharp Issues Profit Warning
Japan's Sharp (IW 1000/160) saw its shares plunge in Tokyo on Monday following a report that said the consumer electronics giant would fall back into the red, reversing company forecasts for an annual profit. The firm's shares dropped 8.73% to 230.0 yen by the close of trading. Japan's leading Nikkei business daily said the Osaka-based firm would report a loss that could amount to hundreds of millions of U.S. dollars for the fiscal year through March owing to a slump in its struggling...
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Re: Sharp Issues Profit Warning
Sharp has been down this road before. They have a history of surviving. Remember when IKON dropped Sharp? Everyone thought they were doomed. They are still here today. I think they will overcome this storm.
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Re: Sharp Issues Profit Warning
I do remember when ikon dumped sharp, and sharp was a dominant player them. After Ikon, Sharp not doing so well with copiers
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Re: Sharp Issues Profit Warning
Ricoh doesn't have the money to buy anyone else. Let alone, I doubt they want to go down the acquisition road again after thenIkon fiasco. Samsung is the one who has the cash to buy anyone in the industry. Year before last they had 32 billion in cash on hand at year end they had to spend for tax purposes etc.
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Re: Sharp plans to use capital to wipe out past losses: source
Eventually the ship is going to sink. It can only take so many bomb shells before it goes down.
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Re: We all thought Sharp Corp would be next to drop, but Toshiba Tec may be sold first
The sources for this story are not named nor any details confirmed by Toshiba Corp. Toshiba Corp could request Toshiba Tec (an independent subsidiary company) to buy controlling interest in its shares. The copier division is doing OK but Toshiba Tec probably made a mistake in overpaying for the IBM Point of Sale division a few years ago. This forced a big write down and loss on overstated assets for the last six month accounting period. Toshiba Tec has never been involved with the accounting...
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Re: We all thought Sharp Corp would be next to drop, but Toshiba Tec may be sold first
saw that, secret sources right. We'll see, Toshiba may need the cash rather that let Toshiba Tec on their own. But, we've seen crazier things right.
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Re: We all thought Sharp Corp would be next to drop, but Toshiba Tec may be sold first
Samsung is probably the only one who can afford to buy another manufacturer. They have more money than god right now.
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Re: Hon Hai formally offered to invest in Sharp last week: source
I just wonder how long they will all keep a sinking ship above water. I know the imaging group is doing ok but it can't make up but a small percentage of sharps overall portfolio.
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Re: We all thought Sharp Corp would be next to drop, but Toshiba Tec may be sold first
No mention of Toshiba Tec in Toshiba Corp's big restructuring statement made Dec 21 in Japan. It seems all of the pain will be in Toshiba Corp's consumer electronic business encompassing TVs, appliances and maybe/maybe not the laptop business.
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INCJ sticks by rescue plan for Sharp as Foxconn talks continue
Japan’s Innovation Network Corp. is confident Sharp Corp. will see its rescue plan as superior to a competing bid even as the struggling electronics maker enters talks with Taiwan’s Foxconn Technology Group. “We are not giving up,” INCJ Chief Executive Officer Toshiyuki Shiga said in a recent interview in Tokyo. “Ours is clearly the better option for Sharp.” While Foxconn is bidding for the whole company, INCJ plans to inject cash and revive individual Sharp businesses by combining them with...
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Sharp to start two-day board meeting on Foxconn's $5.9 billion offer - sources
TOKYO Loss-making Japanese electronics maker Sharp Corp's ( 6753.T )board begins a two-day meeting on Wednesday to decide if it should accept a $5.9 billion (£4.2 billion) takeover by Taiwan's Foxconn instead of an offer from a state-backed fund, sources with direct knowledge of the matter said. A deal with Foxconn, the world's biggest assembler of Apple Inc ( AAPL.O ) products known formally as Hon Hai Precision Industry Co ( 2317.TW ), would pave the way for the largest acquisition by a...
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Sharp Accepts Foxconn’s $6.24 Billion Takeover Offer
Sharp Corp.s board approved a plan Thursday for Apple Inc. assembler Foxconn Technology Group to take over the company for 700 billion ($6.24 billion), people familiar with the situation said, in a rare case of Japan Inc. relinquishing a venerated brand to a foreign buyer. read the rest here
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Sharp eyes quick close to Hon Hai takeover deal
Sharp Corp. said Monday it hopes to finalize a takeover deal with Taiwan’s Hon Hai Precision Industry Co. “as soon as practically possible” without setting a deadline for inking the bailout package. “Sharp and Hon Hai Precision Industry have not set a signing date,” the electronics giant said in a statement. “Both companies are working hard to reach a satisfactory agreement as soon as practically possible.” The statement came after sources familiar with the matter said before the weekend...
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Foxconn Lowering Offer for Japan's Sharp
Taiwan’s Foxconn is lowering an offer for loss-making Japanese electronics maker Sharp Corp from an initial plan of 489 billion yen ($4.4 billion), the Yomiuri newspaper reported on Sunday. The reason behind the move is that Foxconn appears to be concerned about financial risks of potential liabilities at Sharp and its business outlook, according to Yomiuri. The newspaper did not say how much Foxconn, formally known as Hon Hai Precision Industry, will lower the offer to. A Sharp spokesman...
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Sharp Poised to Miss First-Half Forecast, Cut 2016 Target
Sharp Corp. will miss its first-half profitforecast and is poised to lower its target for the full year as rising competition among suppliers of liquid-crystal displays pushes down prices, a person familiar with the matter said. Its shares fell the...
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Today in History, Chester Carlson.....
In 1938, the first Xerox photocopy was made by Chester Floyd Carlson, an American physicist. Carlson spent 20 years trying to find a company to produce his machine. Haloid Co. first marketed a Xerox copier in 1959 and then changed its name to Xerox Corp.
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Hon Hai to up investment offer for Sharp to about $5.9 billion: Yomiuri
Taiwan's Hon Hai Precision Industry Co ( 2317.TW ) is set to offer to invest about 700 billion yen ($5.9 billion) in Sharp Corp ( 6753.T ), the Yomiuri daily reported, upping its proposal and sending shares in the troubled Japanese display maker soaring. Hon Hai, also known as Foxconn, could make the offer, its final proposal, as early as Friday, the Japanese newspaper said on Friday. It had previously proposed a maximum 500 billion yen investment, the Yomiuri said. The report sent shares in...
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Sharp Corp Lives to Fight Another Day
Japan state fund offers Sharp a $1.7B bailout: Nikkei report Japanese government-backed fund has offered to invest 200 billion yen ($1.71 billion) to help bail out electronics maker Sharp , the Nikkei business daily reported on Monday. The Nikkei report said Sharp would also seek 150 billion yen in existing loans from lenders to be converted to preferred shares in a debt-for-equity swap. The news follows a Reuters report that said the fund, the Innovation Network Corporation of Japan (INCJ),...
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Japan government-backed fund proposes buying Toshiba's white goods unit: Yomiuri
A fund backed by the Japanese government has proposed buying Toshiba Corp's ( 6502.T ) electric appliances business, the Yomiuri newspaper reported. The Yomiuri, citing unnamed sources, said the Innovation Network Corp of Japan would make a 100 percent investment after Toshiba split off the business. read more here
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Foxconn details offer for troubled Sharp, Gou steps in: source
Taiwan's Foxconn ( 2317.TW ) has detailed its offer for troubled electronics maker Sharp Corp ( 6753.T ), a person with direct knowledge of the talks said, potentially complicating a rescue bid led by a Japanese state-backed fund. Innovation Network Corporation of Japan (INCJ), still seen as a front runner, will go head-to-head with Foxconn in the bidding for Sharp, and its third bailout in under four years. Foxconn, formally known as Hon Hai Precision Industry, had already offered over 600...
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Hon Hai CEO says Sharp to decide on investment within week
Taiwan's Hon Hai Precision Industry Co ( 2317.TW ) said on Sunday that it was confident of its offer for Sharp Corp ( 6753.T ) and expected the struggling Japanese electronics maker to come to a decision on the issue within the week. The comments by Terry Gou, chief executive of the world's largest contract electronics manufacturer, came after he met with Sharp's board on Saturday in Japan. "I am not just bringing capital. I am bringing an entrepreneurial spirit. I am bring a culture of...
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Discussion about Sharp Corp & Possible Foxconn Take Over
In recent news it seems that Sharp Board of Directors is favoring and wants to explore the Foxconn takeover aka buyout more. Foxconn offer is almost twice that of Japans INCJ (Innovative Network Corp of Japan). From what I've read, is that INCJ is a public-private partnership between the Japanese government and 19 major corporations. (got that from wiki). The government of Japan also provide monetary guarantees to INCJ. Foxconn is located in New Taipei City in Taiwan, in...