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Sharp Mortgages Itself To Keep The Lights On, Products Flowing
Sharp may be one of the providers of the upcoming iPhone’s new display, but even Apple’s might cash donations aren’t enough to the troubled tech giant along. Reuters is reporting that the company has mortgaged itself to the tune of ~$2 billion in company assets in order to continue flipping the lights on each morning, and shinning gadgets pumping off of factory lines.
Will we still be talking about Sharp a year from now? Two? Three? If their current financial situation doesn’t improve, it’s entirely possible we won’t. Then again, as is customary in this sector of the market, before Sharp completely fails someone, somewhere, will buy the brand (whether for patents, facilities or otherwise).
Source: Reuters | Via: Engadget
2012-09-06 06:40:01
Source: http://gadgetsteria.com/2012/09/06/sharp-mortgages-itself-to-keep-the-lights-on-products-flowing/
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