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 Geplaatst: 31-08-2018 07:03:13 Onderwerp: a licensed gun holder |
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In 1916 http://www.officialsunsprostore.com/kids-deandre-ayton-suns-jersey/ , Sharp got its start making belt buckles and sharpened pencils -- hence the name.
But a century later, the Japanese firm, which ballooned into a global consumer electronics giant, found itself in dire straits, saddled with huge debts and mounting losses.
A restructuring plan failed to stop the bleeding and on Thursday Sharp agreed to be taken over by Taiwanese multinational Hon Hai Precision, the world's biggest electronics supplier better known as Foxconn.
The offer would be the first foreign takeover of a Japanese electronics giant, marking a blow to the once-mighty sector populated by other global brands including Sony and Panasonic.
The deal stumbled Friday as Foxconn's parent company said it would delay signing the pact to review new information it had received about Sharp, but analysts widely viewed a tie-up as all but done.
For years, Sharp -- whose name once graced the jerseys of Manchester United players -- had remained true to its humble pencil-and-belt-buckle roots.
But after the 1923 Tokyo earthquake, which left more than 100,000 dead, company founder Tokuji Hayakawa expanded his little firm by making radio equipment and other items that could be used in a similar emergency.
Hayakawa, who died in 1980, lost his wife and two children in the quake.
After WWII, Sharp became the first Japanese firm to sell televisions. This tradition of innovation continued throughout the 1970s, with the mass production of liquid crystal display (LCD) screens for calculators -- which in the 1990s was adapted for computer screens and later for smartphones and tablets.
Sharp is a global leader in those small and medium sized screens, which are a key asset for Hon Hai.
The companies have worked together for years on large-sized screen technology, including for televisions, and jointly operate an LCD panel plant in Japan.
- 'Tough to accept' -
But over the last decade Sharp bet almost everything on LCD, churning out giant screens from cutting-edge factories and boasting the most advanced technology in the world.
"The problem is they invested too heavily in LCD screens," professor Akio Makabe of Shinshu University told AFP.
"For a while that was fine, but with the financial crisis of 2008-9 everything changed. The market became more competitive in terms of price and Sharp wasn’t the best placed to deal with that," he said.
Sharp's key technological blessing today has also proven to be a curse: it produces LCD screens favoured by industry giants Apple and Samsung, but lacks the huge research and development funds necessary to keep ahead of the competition.
In 2012, a state-backed fund created Japan Display, which aimed to merge Sharp's small- and medium-sized LCD screen business with those of rivals Sony, Hitachi and Toshiba.
The new company was seen as a way for Japanese firms to mount a strong challenge to overseas rivals. But Sharp refused to take part.
"LCD was absolutely central to Sharp so (a merger) was tough to accept," Makabe said.
But the firm was not in a position to buy out its local LCD competitors, he added.
Sharp's decision to sell to a Taiwanese firm made clear it was turning its back on a common move by Japanese firms to merge in a bid to fend off overseas competition.
"This sort of consolidation probably wouldn’t be workable," said Kunio Saijo, a senior technology journalist at the leading Nikkei business daily, before the Hon Hai deal was announced.
Makabe at Shinshu University said the offer from Hon Hai's colourful billionaire founder Terry Gou was "financially superior", and noted that both firms count iPhone Apple as a major client.
The Japan-based solution "would also have meant the involvement of (Sharp's creditor) banks, which wouldn’t have been ideal", he added.
But even a foreign buy-out does not guarantee Sharp's future.
LCD technology is facing a stiff challenge from rival technologies including organic light-emitting diodes (OLEDs). Sharp and Hon Hai plan to invest billions of dollars in OLED technology.
NAIROBI， June 5 (Xinhua) -- A Kenyan police confirmed Sunday they are questioning a Briton over the murder of a woman at his leafy home in Nairobi.
Nairobi County Police Commander Japheth Koome said Richard David Alden who is a former chief executive officer of pan-African internet service provider， Wananchi Group was arrested on Saturday after he shot dead Grace Wangechi Kinyanjui， a Kenyan， at his Karen home in Nairobi.
"We arrested the suspect after a physical examination showed Wangechi's body had visible injuries that suggested murder，" Koome said by telephone， adding that the 53 year-old Alden was arrested after he told police a woman he was with for the better part of Saturday had shot herself dead in his house.
The police said the Briton and the 42 year-old woman have been running an athletics agency， which procured athletes to compete internationally.
Alden， a licensed gun holder， has been in the country since 2015 and his work permit was to expire in December 2017.
It is not clear if he and the woman had any affair as claimed. The woman lived in South C， a middle-class residential estate in Nairobi but was a frequent visitor at the home.
Koome said examination revealed the bullet entered on the back of her head， there were three open wounds on the left side of her neck， a fractured left thumb and ring finger and an injured back with stab wounds， he added.
"They were the only people in the house and when scenes of crime officers went there they also found a blood stained towel in the dressing room where the murder took place. It is murder and he is in custody for that，" said Koome.
He added police were alerted by Alden's guards who said they saw him drag the lifeless body to his car and later rushed her to the Karen Hos. |
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