Tagged With "Precision"

At first I thought they were expanding in the business solutions group . It looks like the money is being spent on displays. I still think the business solutions group will be sold off.

Bill Yup, seems like FARP wants to invest more into IOT, Robotics and Signage than MFP's. That's how I comprehended I recent Sharp document that was posted about a month ago.

Sharp Corp ( 6753.T ) plans to choose between rival rescue offers as soon as Thursday, as a favored bid from Taiwan's Foxconn continues to be challenged by a Japanese state-backed investment fund, people with direct knowledge of the matter said. The board of the ailing electronics maker met on Saturday to discuss the two takeover proposals, according to the sources, who requested anonymity because they were not authorized to speak to the media. The company's 13-member board holds a regularly...

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...

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...

Taiwan’s Hon Hai Precision Industry Co. may delay until next week the signing of a deal to acquire struggling Japanese electronics maker Sharp Corp., due to ongoing talks with Sharp’s two main creditor banks over the firm’s potential future losses, it was learned Tuesday. In the wake of the recent revelation of Sharp’s contingent liabilities totaling about ¥350 billion, Hon Hai, also known as Foxconn Technology Group, is discussing a possible review of support for Sharp with the two banks —...

Sharp Corporation, which has about $6.2 billion in interest bearing debt, has been offered a revised deadline and lowered interest rate on lending from two major banks. The company has also been offered other forms of financial support to help speed up Foxconn Technology’s planned acquisition of the Japanese electronics maker’s assets. Hon Hai Precision Industry, commonly known as Foxconn, halted the acquisition process worth up to $5.8 billion after receiving previously unrevealed documents...

Foxconn, formally known as Hon Hai Precision Industry Co., has reached an agreement with Sharp Corp.’s banks to extend a 300 billion yen ($2.7 billion) credit line to the troubled Japanese electronics major, Bloomberg reported, citing Japanese newspaper Yomiuri Shimbun, Saturday. The agreement will reportedly allow Sharp to borrow from its lenders Mizuho Financial Group Inc. and Mitsubishi UFJ Financial Group Inc., if it suffers losses from potential liabilities or needs new investments.

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...

OSAKA – Sharp Corp. said Monday it will nearly double the number of new recruits for fiscal 2017 as the struggling electronics maker seeks to rebuild itself under Taiwan’s Hon Hai Precision Industry Co. Sharp plans to hire 290 graduates — 200 university graduates and 90 high school and vocational school graduates. This compares with the 151 it hired in the last round. The plan was unveiled days after Sharp and Hon Hai signed a takeover deal that will mark the first foreign acquisition of a...

Hon Hai Precision Industry Co.’s rescue of Sharp Corp. promises to bolster the Taiwanese electronics maker’s ambitions for a bigger role in clean energy in some of the world’s most polluting countries while also providing a firmer footing in Japan. Hon Hai, also known as Foxconn, which reached a deal last week to take control of Sharp, has previously announced plans to improve energy efficiency at its factories and introduce more solar power in China and India. By buying Osaka-based Sharp,...

Hon Hai Precision Industry Co (鴻海精密) is to hold a sales meeting with Sharp Corp at Foxconn’s plant in Shenzhen, China, next Monday in an effort to help boost the sales of the Japanese company’s products worldwide, a top Hon Hai executive said yesterday. “We plan to discuss sales in Taiwan, Southeast Asia, India, China and Hong Kong during the meeting,” Hon Hai vice chairman Dai Cheng-wu (戴正吳) told reporters on the sidelines of a Sharp product demonstration event at one of Hon Hai’s factories...

October 30, 2014 09:30 ET Konica Minolta Announces Availability of Precision Discovery Solutions eDiscovery and Computer Forensic Services Streamline Legal Data Sorting and Retrieval RAMSEY, NJ --(Marketwired - October 30, 2014) - All Covered , a division of Konica Minolta Business Solutions U.S.A., Inc. ( Konica Minolta ), today announces the availability of new legal solutions from Precision Discovery (Precision), an industry-leading provider of eDiscovery and Computer Forensic services.

OSAKA – Sharp Corp. is considering moving its headquarters to a plant in Osaka Prefecture, jointly operated with Taiwan’s Hon Hai Precision Industry Co., which has agreed to take over the struggling electronics maker, sources close to the matter said Wednesday. The envisaged relocation within the prefecture from the city of Osaka to Sakai is designed to strengthen coordination with Hon Hai, an Apple Inc. supplier better known by its trade name Foxconn as Sharp aims to become profitable...

Japan's Sharp Corp on Wednesday said it expects significant improvement in annual profit due to restructuring and synergies with new owner Foxconn, sending shares in the display maker soaring more than 10 percent. The statement came after the Nikkei business daily reported that Sharp forecasts operating profit of about 40 billion yen ($385 million) for the business year through March. That would compare with the 6.6 billion yen average of 11 analyst estimates in a Thomson Reuters I/B/E/S...

TOKYO--Sharp Corp. (6753.TO) reported another fiscal second-quarter loss on Tuesday, as its smartphone display-panel business continued to struggle. For the quarter ended September, the Osaka-based electronics maker narrowed its loss to 17.9 billion yen ($170.8 million) from Y49.6 billion a year earlier. Taiwanese iPhone assembler Foxconn Technology Group, formally known as Hon Hai Precision Industry Co. (2317.TW), bought Sharp in August after the Japanese company had been battered by...

September 13, 2016 5:54 am JST Sharp, Foxconn planning IP management venture OSAKA -- Sharp and Taiwanese parent Foxconn will set up an intellectual property management company Oct. 3 to make better use of the Japanese electronics maker's holdings and employees. The intellectual property itself will remain in Sharp's possession but be managed by the new Osaka-based venture, ScienBiziP Japan. ScienBiziP Japan will be capitalized at 5 million yen ($49,100). Sharp will hold a 51% stake, while...

TEWKSBURY, Mass. , Oct. 11, 2017 /PRNewswire/ -- Thrive, a leading provider of next generation managed services, proudly announced today that they've completed the acquisition of Precision IT, a highly respected New York City based managed services provider (MSP). Precision IT provides Thrive with instant credibility in the New York Tri-State area, a financial services driven practice with extensive technical, compliance-management capabilities and a much deeper engineering base of talent...

Japanese daily the Mainichi reports that national security concerns are being raised surrounding the sale of Toshiba’s proposed semiconductor company. Toshiba is in desperate need of cash, following massive losses from its US nuclear power business, but they may face obstacles for this sale that involves sensitive technology. One bidder, Taiwan’s Hon Hai Precision Industry Co, has raised concerns because of its ties to China. read more here

FOR IMMEDIATE RELEASE Contact Greg Walters August 1, 2019 262-370-4193 or greg@grwalters.com Easily manage stand-alone output devices and support paper to digital workflows in remote office/retail locations. Oconomowoc, Wi. – Adding to the ArcDrive armada, Greg Walters, Inc. announces ArcDrive – RTS. ArcDrive – RTS is a small device that connects, non-networked devices which supports remote indexing and scanning. Many organizations have remote offices or retail locations that may not be...

Sharp’s parent hit by ransomware Foxconn, aka Hon Hai Precision, owner of Sharp, notified an unknown number of employees and customers that it was hit by ransomware attack. The DoppelPaymer ransomware gang has taken credit for the attack, and has begun posting confidential data on the Dark Web. Demanding $34,686,000.00 ransomware payment Claims to have accessed and encrypted 1200-1400 servers with up to 30 terabytes of info

Sharp hires new executive Sharp is a division of Hon Hai Precision (aka Foxconn) of Taiwan Announced it has hired Joe O’Malley as new SVP of Sharp Business Systems, which is the factory direct branch division of Sharp in the U.S. Reporting to Mike Marusic, president and CEO

Sharp’s parent has factory hacked Security Week magazine is reporting that a manufacturing plant owned by Foxconn (aka Hon Hai Precision) in Baja California, Mexico was hit by LockBit ransomware forcing its systems offline The plant employs 5,000 people The hacking group is threatening to release stolen information on 6/11/2022 if Foxconn does not pay ransom

Sharp’s parent struggles to produce iPhones Foxconn, aka Hon Hai Precision, and owner of Sharp, is main assembler of Apple iPhones Its plant in Zhengzhou, which employs 200,000 people in China, has been rocked by employee discontent, according to report from Reuters News Caused by stringent measures enforced by Chinese government to stop spread of COVID-19 Workers have been seen fleeing the plant The company is denying reports that 20,000 workers had been put in COVID quarantine Production...

Sharp’s parent to focus on electric cars Sharp is a division of Foxconn of Taiwan (aka Hon Hai Precision) “We are not in the business of selling our own brand of electric vehicles, but we do want our customers to sell a lot of electric vehicles”; stated Liu Young-way, chairman of Foxconn Aims to manufacture much of the world’s electric vehicles Goal of $31 billion in electric vehicle sales revenue in 2025 Will use plants in Taiwan, Thailand and the U.S.

Sharp’s parent to raise pay Foxconn, aka Hon Hai Precision of Taiwan and owner of Sharp, is preparing for hopeful surge in Apple iPhone sales later in 2023, as it is the main assembler of Apple products Announced it will pay $424 as a new hire bonus for workers at its Zhengzhou, China plant Must stay on job for 90 days On top of starting salary of $2.97 per hour Existing employees get $70.49 for a referral In 11/2022, workers at the plant staged violent protests over pay and working...

Sharp reports last quarter earnings Division of Foxconn of Taiwan (aka Hon Hai Precision) Total revenue down 11.3% to 617 billion yen ($4.09 billion) Operating profit of 1.1 billion yen ($7.29 million) Smart Office Group (printers, MFPs, etc.) Operating profit up 394.9% to 6.7 billion yen ($44.41 million) Revenue down 4.8% to 144.8 billion yen ($959.58 million)

Foxconn to shrink size of Sharp? Article published by Jiji Press of Japan Foxconn of Taiwan (aka Hon Hai Precision) is owner of Sharp, and apparently is considering closing the Sharp plant in Sakai, Japan Plant currently makes large LCD panels “drastic measures are necessary to get out of the red” Sharp division of Foxconn may post a loss of 10 billion yen for current fiscal year