Sharp & Foxconn

Based on what I'm seeing this morning, this looks like it's going to happen.

I'm not sure what this means for MicroVision, but I can't think of any possible scenarios where it's a negative (except that the company is purchased too soon for too little) -- if Oculus Rift was worth 2 Billion -- we're worth more. Do the math and figure out what that means for the share price.

This is bad news for the people who were short Sharp. I think it will be even worse news for the people who were short MicroVision. 

Sharp has been there for some time, and Foxconn has owned some of it for a while. I ask myself WHY they want to buy the whole company now -- and there's one very significant thing that has changed recently.

Headline for MicroVision shareholders? "New MicroVision Partner: Foxconn"


Sharp Agrees with Foxconn on most points of takeover

Sharp Foxconn deal awaiting final details

"Foxconn is now only awaiting finalised details between the two parties, before buying the troubled Japanese display maker Sharp.

Foxconn’s lead zookeeper CEO Terry Gou said Foxconn has been given preferred negotiating rights, and is aiming to lock up a deal by the end of February.

The two companies are said to have reached a consensus on most matters, with what’s remaining being mostly legal and regulatory issues.

The rest is a process…I don’t see a problem completing this process,” Gou said."

Sharp Rally bad news for Short Hedge Funds

Sharp Corp.’s 42 percent increase since the beginning of the year has left hedge funds that have placed wagers on a decline in the stock of the Japanese consumer electronics maker in the midst of a bailout smarting.

Osaka-based Sharp is the most-shorted stock by the number of shares after Toshiba Corp., according to filings with the Japan Exchange Group. Shares of Sharp gained 28 percent in the last two trading days of last week in Tokyo to 176 yen, reaching the highest level since Aug. 31. That may spell losses for hedge funds including Lansdowne Partners LLP and Egerton Capital (UK) LLP, which have disclosed bearish bets on the stock since November.