Wednesday, March 16, 2016

Sharp Foxconn deal.... still watching

I keep paying attention to this deal because I suspect our future prospects will be much more fantastic once it's done.

No one can say anything about Sharp's plans while this deal is still in limbo.

It is my strong suspicion that part of the reason this deal is being done is because of PicoP.... if that is the case, the news can't be released until the deal is either done or dead.
just what is an advanced screen?
Sharp Corp on its latest quarterly performance as part of its efforts to finalize a planned acquisition of the ailing electronics maker, a person familiar with the matter said.
Investors are on edge about prospects for the deal - estimated to be worth nearly $6 billion - after a last-minute hitch last month over potential liabilities at Sharp. Concerns that the process is dragging out helped send the display maker's shares tumbling 12 percent on Wednesday.

A signing of the deal may not happen this week, people with the knowledge of the matter told Reuters although they added that Foxconn was unlikely to walk away given its deep desire to gain control of Sharp's advanced screen technology.
Sources spoke on condition of anonymity due to the sensitivity of the matter.

Reuters


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