Tagged With "Terry Gou"
Reply
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...
Reply
Re: Toshiba shares fall after report trust banks preparing to sue
Rumor has it, Terry Gou (CEO) Foxconn is interested.
Blog Post
The Copier Industry Fast Forward Twenty Years
The year is 2039. It's hard to believe that it's been 15 years since the mighty Xerox Corporation folded. One remembers that statement in December of 2018 that touted Xerox "Unable to Adjust". My how the mighty have fallen. It wasn't only Xerox that fell to the paperless society that we now see today. Canon Let's take a trip back to late 2022, it was late in November that Canon announced that they were going to cease to manufacturing A3 multi-functional devices. That decision was made...
Topic
Sharp gobbles NEC as Japan's display giants team up to take on Europe and North America
Not copier news but still interesting as Terry Gou continues to acquire Japanese display giant Sharp will gobble NEC's display business in a push to expand into North America and Europe. Under the terms of the deal, Sharp will acquire two-thirds of NEC Display Solutions (NDS) and form a joint venture to take the two companies' products to market. NDS makes LCD displays, professional projectors, and digital cinema products and solutions. The company has a sales of 63.2 billion yen ($571m) but...
Topic
Sharp bolsters defense with promotion of cost-cutter Nomura
OSAKA -- Sharp will promote Chairman and CEO Tai Jeng-Wu's top deputy as president, creating a two-man leadership team as the company faces the challenge of restoring finances battered by the coronavirus pandemic. Executive Vice President Katsuaki Nomura will become president and COO effective June 25, the company said Tuesday. Tai will vacate his post as president but remain chairman and CEO. "We'll form a strong tag team to once again restore" the company, Nomura said during Tuesday's...
Reply
Re: Sharp has Serious Money Problems!
By James Topham and Tim Kelly TOKYO | Mon Aug 27, 2012 3:14pm IST TOKYO (Reuters) - Taiwan's Hon Hai Precision Industry (2317.TW) Chairman Terry Gou said an agreement to buy a 9.9 percent stake in Sharp (6753.T) was unchanged "in principle," and that he hoped to conclude the deal with the struggling Japanese TV maker this week. The two firms reached a deal in March valuing the shares of the cash-starved maker of Aquos TV at 550 yen each, but reopened talks this month after Sharp's stock...
Reply
Re: Sharp has Serious Money Problems!
The share price of Sharp Corp. rose 9.13 percent to close at the day's high of 215 Japanese yen on the Tokyo Stock Exchange Tuesday. The rally was seen as a positive response to Taipei-based Hon Hai Group Chairman and founder Terry Gou's announcement in Tokyo a day earlier that he is committed to finalizing an agreement to take a capital stake in the struggling Japanese electronics firm. Speaking at a news conference for a Taiwanese trade delegation visiting Japan, Gou said the details of...
Reply
Re: Sharp has Serious Money Problems!
Sharp Corp. (6753), the Japanese panel maker selling a stake to Foxconn Technology Group, fell in Tokyo trading after its credit ratings were cut and a report said the company offered to lower the price of the shares. Sharp dropped as much as 8.1 percent to 182 yen and traded at 188 yen as of 1 p.m., extending the Osaka-based company’s decline this year to 72 percent. Hon Hai Precision Industry Co. (2317), Foxconn’s flagship company, rose to the highest level in four months in Taipei after...
Reply
Re: Sharp has Serious Money Problems!
TOKYO (Reuters) - Japan's embattled Sharp Corp <6753.T> has mortgaged nearly all of its domestic offices and factories, including one which makes screens for Apple Inc's latest iPhone, to secure the fresh loans it needs to stay in business. Sharp, which is waiting for a cash injection from Hon Hai Precision Industry Co Ltd <2317.TW>, said it has offered the properties as collateral for up to 150 billion yen ($1.92 billion) of credit from Mizuho Financial Group Inc <8411.T>...
Reply
Re: Sharp has Serious Money Problems!
The 100-year-old inventor of mechanical pencils needs to pen a new plan to make it to 101. Sharp Corp. (6753), Japan’s biggest liquid-crystal display maker, put up its Osaka headquarters and some plants as collateral last week to win bank loans after its credit ratings were cut to junk. The supplier to Apple Inc. (AAPL) is also renegotiating a stock sale to Taiwan’s Foxconn Technology Group as it tries to recover from record losses and a 70 percent slump in shares this year. Within six...
Reply
Re: Sharp Selects Malone Office Environments as Authorized Dealer and Expands National In
This is interesting, in two weeks there has been two press releases in the US that Sharp has signed on new dealers. I follow all of the Sharp USA press release and can't ever remember getting a Press Release about "signing on a new dealer". I mentioned this today in conversation with another industry person today, and we both agreed that A) things are really bad with sharp and B) Sharp USA is trying to hold the fort together at least in the USA Marketplace. Just today another Rueters report...
Reply
Re: Sharp has Serious Money Problems!
Banks bailing out money-losing Sharp Corp. (6753) to the tune of $4.6 billion may increase their management oversight of the Japanese television maker to support its return to profit. Mizuho Corporate Bank Ltd. and Bank of Tokyo-Mitsubishi UFJ Ltd. plan to send executives to Sharp, the Asahi newspaper reported yesterday. The lenders, based in Tokyo, are selecting the executives and plan to discuss the matter with the company, the newspaper reported, without saying how it obtained the...
Reply
Re: Sharp has Serious Money Problems!
Taipei, Dec. 2 (CNA) Hon Hai Precision Industry Co., the world's largest contract electronics maker, declined Sunday to comment on a Japanese newspaper report that said Sharp has agreed to sell its three overseas TV factories to Hon Hai. The Sankei Shimbun cited anonymous sources that it claimed are familiar with the matter as saying that Sharp has reached a 55 billion yen (US$1.83 billion) deal with Hon Hai to sell its three factories in Mexico, China and Malaysia. According to the report,...
Reply
Re: Sharp has Serious Money Problems!
Hon Hai's Gou says talks on investment in Sharp still on: paper (Reuters) - Qualcomm's tie-up with Sharp Corp will not affect Hon Hai Precision's talks with the Japanese firm to become its biggest shareholder and the deadline to reach a decision by next March still stands, a Taiwan newspaper reported on Wednesday, quoting Hon Hai's chairman. Terry Gou, chairman of Hon Hai Precision Industry, a major supplier of parts to Apple Inc, was mentioned by the United Evening News as saying the Taiwan...
Reply
Re: Sharp has Serious Money Problems!
Taipei, Jan. 14 (CNA) Taiwan-based Hon Hai Precision Industry Co. confirmed Monday that it still plans to buy a stake in ailing Japanese electronics giant Sharp Corp., after a Sharp executive said the company may have several suitors. Negotiations on the possible tie-up are ongoing, a Hon Hai spokesman said when asked about comments on the potential deal made by Sharp China Group general manager Nobuyuki Sugano to a Chinese newspaper over the weekend. Hon Hai, the world's biggest contract...
Reply
Re: Sharp has Serious Money Problems!
(Reuters) - Hon Hai Precision Industry Co Ltd will not invest in Sharp Corp by a March 26 deadline after the two firms failed to revise an earlier agreement, although the Taiwanese company has not ruled out an investment altogether, a newspaper said. Hon Hai Chairman Terry Gou met Sharp's bankers to inform them no deal would be struck this month but he would look at the merits of an investment after the struggling Japanese display maker unveils a new business plan in the near future, the...
Topic
Foxconn Buys 10% of Sharp Corp
The following appears on sfgate.comMarch 28 (Bloomberg) -- Foxconn Technology Group and founder Terry Gou will invest 133 billion yen ($1.6 billion) in Sharp Corp. and its display unit as the maker of Apple Inc.'s iPad seeks a supply of flat panels to...
Topic
Sharp Corp esitmated to lose $4.7 Billion Dollars!!
Sharp (6753) Corp., the Japanese TV maker that’s turning to Foxconn Technology Group (FOXCGZ) and founder Terry Gou for a $1.6 billion investment, widened its record loss forecast to 380 billion yen ($4.7 billion). The net loss in the year ended...
Blog Post
Sharp Corporation "What Happens Now?"
Well, it took long enough. I'm sure this brought a smile to Vince's face. I see that he's on the site right now. What happens NOW? Initial reports from a few days ago stated that Sharp Execs would kept on board. There was no mention of how long from recent reports, and I would those execs may have a year or so at most. If I were Terry Gou, I would offer them an additional severance package to leave early. You don't want them hanging around and mismanaging the company. Another report stated...
Topic
Foxconn, Sharp Said to Weigh Revising Terms of Approved Deal
Taiwan’s Foxconn Technology Group and Sharp Corp. worked through the weekend to salvage their proposed $6 billion deal with one potential outcome being a revision to terms the Japanese’s board approved just last week, according to people familiar with the matter. Bankers and lawyers are going through a list of Sharp liabilities that could exceed 300 billion yen ($2.6 billion), a last-minute stumbling block in Foxconn’s effort to take control of the struggling Japanese company, according to...
Topic
Hon Hai chief in final push to close Sharp deal
OSAKA -- Hon Hai Precision Industry Chairman Terry Gou is in Japan holding late-stage talks on a deal to buy embattled electronics giant Sharp , with both sides seeking to conclude by Monday. He is negotiating with President Kozo Takahashi. If the deal is reached, which could be later than Monday, the two companies will make the announcement in a press conference, . Sharp's board voted to approved a purchase by Hon Hai, or Foxconn, on Feb. 25. But the Taiwanese conglomerate decided on the...
Topic
No Foxconn-Sharp deal before Wednesday
TAIPEI/TOKYO -- Key iPhone assembler Hon Hai Precision Industry will sign an agreement to acquire Sharp , the embattled Japanese electronics maker, perhaps by Wednesday, a person familiar with the talks has told the Nikkei. The two sides had agreed to try to wrap up a deal by Monday, but according to the source, Wednesday is now the earliest the acquisition could be made. The person did not elaborate on the reasons behind the delay. Another source said the two sides will finish their due...
Topic
Hon Hai Sharp purchase unlikely to be concluded in March, claim analysts
The move is an indication that the marriage of Hon Hai and Sharp is already definitive, some said, adding that the merger will be finalized as early as next week. According to public data publicized by the Taiwan Stock Exchange, Gou put up over 170 million shares as pledged on Feb. 15. The stocks are worth NT$12.69 billion in total value, and based on conventional practice, banks will grant Gou a NT$7.6 billion loan, which is 60 percent of the collateral value. The stocks account for 8.6...
Topic
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...
Topic
Japan Won’t Give Up Sharp Without a Fight
Japanese Prime Minister Shinzo Abe came into office on a pledge of resuscitating the economy with market reforms and stimulus programs. Now his government’s commitment to shareholder rights faces scrutiny in the case of troubled electronics giant Sharp. Although the Osaka-based company is a household name because of its TVs, it’s long operated in the red. For the year ending in March, analysts estimate a loss of 82 billion yen ($694 million). Sharp is in talks with two possible saviors:...
Topic
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...
Topic
It's A Deal: Foxconn Is Buying Sharp Corporation
Taiwanese manufacturing and supply firm Hon Hai Precision Industry Co, or more readily known as "Foxconn," will acquire Japan's Sharp Corporation for $5.5 billion, Reuters reports . The deal is expected to close by the end of this month and the amount that Foxconn is offering would make it the largest acquisition by a foreign company in Japan's tech sector to date. Upon word that Foxconn chief executive officer Terry Gou had flown to Japan to meet with Sharp executives, Sharp’s shares rose...
Topic
Foxconn says agreed with Sharp on most points of a takeover deal
Taiwan's Foxconn is aiming to finalise a deal to acquire Japan's Sharp Corp by the end of the month, after the two firms reached a consensus on most points, Foxconn Chief Executive Officer Terry Gou said. Foxconn, known formally as Hon Hai Precision Industry Co, has been given preferred negotiating rights and most remaining issues to be resolved were legal and regulatory, Gou said after meeting with executives of the struggling electronics maker on Friday. The Apple Inc supplier has offered...
Topic
The Sharp-Hon Hai (Foxconn) Acquisition Drama Thickens: Or Is It Kabuki?
It appears that I was wrong (would “dead wrong” be more accurate?) in my last post . Its title was: “Why Sharp Is Being Rescued By Japan Inc. And Taiwan’s Hon Hai (Foxconn) Rebuffed.” On Friday, Hon Hai Precision Machinery (Foxconn)’s chairman Terry Gou spent over eight hours in meetings with Sharp Corporation’s president, Kozo Takahashi at Sharp’s Osaka headquarters, during which Gou pitched his 700 billion yen ($5.8 billion) rescue-acquisition and restructuring plan for Sharp. Emerging...
Topic
Sharp, Under Foxconn, Aims to Excel in Phone Displays
SAKAI, Japan—Success for Sharp Corp., newly under the control of Taiwan'sFoxconn Technology Group, may boil down in large part to whether it can stay ahead in the fast-changing technology for smartphone displays. Foxconn chief Terry Gou formally signed the $3.5 billion deal to take a controlling stake in Sharp on Saturday, in a long-delayed conclusion to talks that had left the struggling Japanese electronics maker in limbo for months. Read more: ...
Topic
Sharp Drops to Lowest Since 1975 on Report of Loss:
Sharp Corp. (6753), Japan’s biggest maker of liquid-crystal displays, fell to its lowest since 1975 after the Nikkei newspaper reported the company will probably post a quarterly loss and plans to cut jobs. The consumer electronics maker dropped...
Topic
Sharp holds key to Foxconn's restructuring
OSAKA/TAIPEI -- The spoiled child, as Tai Jeng-wu once called Sharp before taking over the ailing electronics maker as president, is starting to act more like its new daddy, Hon Hai Precision Industry , better known as Foxconn. And the kid now holds the key to the future of the Taiwanese tech giant. "They come with Sharp employees to meet us and haggle aggressively," said a representative of a company that sells manufacturing devices to Sharp, sighing. After taking over Sharp, Foxconn has...
Topic
Sales of desktop 3D printers explode, growing nearly 70%
"Sales of desktop 3D printers, the majority of which are still purchased by companies and schools, skyrocketed last year to the tune of a 69.7% increase. From 2014 to 2015, the sale of desktop printers with a retail price below $5,000 jumped from 163,999 to 278,385, according to the 21st edition of the Wohlers Report. Terry Wohlers, president of industry research firm Wohlers Associates, said desktop sales are booming because they're inexpensive, 'yet many of them produce decent models for...
Topic
Foxconn Founder Warns Layoffs Are Needed to Revive Sharp
Foxconn founder Terry Gou said there would have to be layoffs at Sharp to turn around the ailing Japanese company, but pledged that wages would rise and profit-sharing would again be the norm. “Unfortunately, a close review of the company’s operations makes it clear that the level of inefficiency throughout Sharp means that a turnaround … can only take place if there is a reduction in costs, and that comes with a very regrettable need to reduce Sharp’s workforce,” Gou wrote in an open...
Topic
Sharp's new CEO warns of job losses amid 'optimization'
The new CEO of Sharp Electronics has warned that there will be job losses at the consumer electronics company amid a broader restructure. Tai Jeng-wu now heads the company following the takeover by Foxconn for $3.8bn, which saw the giant take a 66 per cent ownership stake. The job losses have long been rumored, and Foxconn chairman Terry Gou has previously warned they would mostly impact divisions of the company outside Japan. Up to 7,000 people are expected to be laid off. In an interview...
Topic
Trump calls himself fan of Sharp
OSAKA (Jiji Press) — U.S. President Donald Trump called himself a fan of Japan’s Sharp Corp. when he met with the leaders of Sharp and its Taiwanese parent, Hon Hai Precision Industry Co., at the White House last month, it was learned Monday. Hon Hai Chairman Terry Gou and Sharp President Tai Jeng-wu discussed U.S. investment plans with White House staff members on April 27 and held talks with Trump on the following day, Tai said in a message issued on Sunday to Sharp employees. Trump told...
Topic
Apple partner Sharp’s planned US manufacturing rumored for first half of year as Japan PM meets Trump
Via Reuters , Sharp may begin a $7 billion project to build a factory in the United States before June of this year. Apple supplier Foxconn announced plans to explore manufacturing components in the US earlier this year , and this latest report largely reaffirms those rumors with a more concrete time frame. A spring/summer start for the US plant would be sooner than many predicted. Sharp has supplied display components for Apple in the past and may be one of the OLED display suppliers for...
Topic
Foxconn Says Apple, Amazon to Join Its Bid for Toshiba Chip Business: Nikkei
TOKYO — Apple Inc and Amazon.com Inc will join Foxconn's bid for Toshiba Corp's semiconductor business, the Nikkei business daily quoted Foxconn Chairman Terry Gou as saying on Monday. The two U.S. technology giants plan to "chip in funds", Gou said, according the interview with the newspaper. It was not immediately clear if this would take the form of a direct investment in the semiconductor unit or would be financing for the deal. Taiwan's Foxconn, formally known as Hon Hai Precision...
Topic
Wisconsin one of six U.S. states Foxconn, Sharp considering for plant
* Decision to made in July - Gou * Plant could be worth more than $7 bln * Focus on "rust belt" states By Jess Macy Yu and J.R. WuTAIPEI, June 22 (Reuters) - Foxconn <2317.TW>, the world's largest contract electronics maker, is looking at six U.S. states including Wisconsin as locations for a display-making plant and would make a decision next month, top executives said on Thursday. Read the rest here
Topic
Sharp first quarter loss shrinks on cost cuts, but revenue plunges by a third
Japanese electronics maker Sharp Corp reported a smaller first-quarter loss helped by restructuring and cost cuts, although revenue shrank by a third as demand for its products slumped. The ailing company, which is due to be acquired by Taiwan's Foxconn, said it was hit by a drop-off in demand for smartphone camera modules, TV and tablet displays and by a decline in Chinese demand for consumer electronics. Demand for solar panels in Japan also fell. Revenue tumbled 32 percent to 423.4...
Topic
Apple-Backed Billionaire Makes Case to Buy Toshiba Chip Unit
Terry Gou , the billionaire behind Apple Inc. ’s iPhone factories, is pressing his case to acquire Toshiba Corp. ’s memory chips business for 2.1 trillion yen ($19.5 billion) in a last-ditch effort to beat out two American buyout firms in the tumultuous auction. Gou’s Foxconn Technology Group has broad support for its offer from Apple , SoftBank Group Corp. and Sharp Corp. and is ready to proceed right away, said Louis Woo, a spokesman for the company, whose primary listed arm is Hon Hai...
Reply
Re: Foxconn Founder Warns Layoffs Are Needed to Revive Sharp
gotta wonder how far the cuts will go, a report yesterday stated Sharp may cut 1,000 jobs from the photocopier business unit
Reply
Re: Trump to raise tariffs on chinese goods this friday
On May 10, U.S. President Donald Trump announced that $200 billion worth of Chinese-manufactured goods would be subject to a tariff increase to 25 percent from 10 percent. U.S. officials revealed that China had reneged on commitments made during previous rounds of negotiations. Trump has ordered U.S. Trade Representative (USTR) Robert Lighthizer to begin the formal process of raising tariffs on the remaining categories of imports from China, worth roughly $300 billion. The USTR has already...
File Premium
Industry Notes 4-5-2015.pdf
Comment
Re: Sharp Accepts Foxconn’s $6.24 Billion Takeover Offer
Well, it took long enough. I'm sure this brought a smile to Vince's face. I see that he's on the site right now. What happens NOW? Initial reports stated that Sharp Execs would kept on board, the question is how long will their tenure last. If I were Terry Gou, I will offer them an additional severance package to leave early. You don't want them to still mismanage the company. Another report stated that the business units would be kept intact. It may be true and may not be true, we'll find...
Comment
Re: Sharp Corporation "What Happens Now?"
I just read that also, see what happens when you doze off for 8 eight hours. From what I've read, seems Gou is a lot like Trump. I would not doubt if this is another attempt to lower the acquisition cost. Was Sharp holding something back? Who knows, although it's not surprising since Sharp is mired in so much debt. I think the deal will be signed by the 29th and there maybe some renegotiating by both parties. The Foxconn deal gives the share holder loot and the INCJ does not
Comment
Re: Sharp Corporation "What Happens Now?"
This was posted on Forbes today. Gou had put a 1 Billion yen or dollars thinking it was yen if he walks away. He just may walk on this one. Not so fast. After Sharp’s board agreed to accept Foxconn’s bid on Thursday, the acquirer stepped away. Foxconn, in a written statement, reportedly said it would delay completing the deal because it needed to study “new material information” released by Sharp. That information includes an additional $3.1 billion in contingent liabilities not previously...
Blog Post
The Week in Copiers Five Years Ago
The Week in Copiers Five Years Ago Last Week in January 2016 Just like that the first month of 2021 is about to end. When you earn a living based on your month to month performance it seems the time does really fly. However that month to month evaluation of your performance means that you have a new chance to excel 12 times a year. Enjoy These Awesome Copier Threads from 6 Years Ago This Week Konica Minolta Ranked First Place for Two Consecutive Years at the 19th Nikkei Environmental...
Blog Post
The Week in Copiers Five Years Ago
The Week in Copiers Five Years Ago First Week of February 2016 I just finished the first month of 2021. Thus the first month of 2021 is in the books and so far so good even with no end of our Health Emergency being lifted in New Jersey. We must look to the future an accept that change is good and we're going to change. Because without changing we can't move ourselves or our industry forward. Enjoy these awesome copier threads from 5 years ago this week Managed Print Services Account Manager...
Blog Post
The Week in Copiers Five Years Ago
The Week in Copiers Five Years Ago Second Week of February 2016 We hate to lose right? Nothing grinds my gears more, than losing a prospect. I expect that I should be able to secure an order from all of my prospects. I expect to bat 1.000, however the reality is far from that. I definitely lose more deals than I win. Enjoy These Awesome Copier Threads from Five Years Ago! In fact, I lose about 65% of the time. Bid results for Xerox_Kyocera_Ricoh_Konica Minolta.pdf Art Post · 2/10/168:58 AM...