Tuesday, September 30, 2014
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
MPEG LA Rolls Out HEVC License
PayPal To Become An Independent Publicly Traded Company in 2015
AMD To Showcase ARM Cortex-A57-Based Hadoop on AMD Opteron Processors
SanDisk Introduces New X300 SSD And Client SSD Upgrade Service For Corporate Environments
TSMC and ARM Announce 16nm FinFET Silicon with 64-bit ARM big.LITTLE Technology
Google To Unveil New Music Services
Europe Says Ireland Helped Apple Pay Less Taxes
Pioneer Develops Rearview Mirror Telematics Unit With LTE Connectivity
Active Discussions
Yamaha CRW-F1UX
help questions structure DVDR
Made video, won't play back easily
Questions durability monitor LCD
Questions fungus CD/DVD Media, Some expert engineer in optical media can help me?
CD, DVD and Blu-ray burning for Android in development
IBM supercharges Power servers with graphics chips
Werner Vogels: four cloud computing trends for 2014
 Home > News > General Computing > Sharp a...
Last 7 Days News : SU MO TU WE TH FR SA All News

Wednesday, April 27, 2011
Sharp and Sony Amend Agreement Regarding Large-Sized LCD Panel Production


Sharp and Sony decided to amend their agreement executed in July 2009 to establish Sharp Display Products Corporation ("SDP"), a joint venture, to produce and sell large-sized LCD panels and modules.

Under the original JV Agreement, Sony was to make additional capital injections to SDP, resulting in a maximum 34% ownership by Sony of SDP by the end of April 2011, subject to certain conditions set forth in the JV Agreement. Sharp and Sony have now agreed to amend the JV Agreement to suspend those contributions and plan to continue to discuss any future contributions by Sony to SDP until the end of March 2012.

On July 1, 2009, Sharp transferred its LCD panel plant in Sakai City, Osaka Prefecture, to SDP. On December 29, 2009, Sony invested 10 billion yen into SDP in exchange for new shares issued by SDP to Sony (at which time Sony owned 7.04% of the shares in SDP) and, as a result, SDP became a joint venture company of Sharp and Sony on that date. Sony has made no further investment to date.

No material impact from this amendment is anticipated on Sharp's consolidated financial results for the fiscal year ending March 31, 2012 and beyond, Sharp said.

"Any impact as a result of this amendment on Sony's consolidated financial results for the fiscal year ending March 31, 2012 and beyond is currently being assessed," Sony said. There is no material impact on Sony's consolidated financial forecasts for the fiscal year ended March 31, 2011 as a result of this amendment.


Previous
Next
Google Responds To MPEGLA With Trough The WebM Community Cross-License Initiative        All News        Elpida Ramps Up Production of 30nm DRAM
Google Responds To MPEGLA With Trough The WebM Community Cross-License Initiative     General Computing News      Elpida Ramps Up Production of 30nm DRAM

Get RSS feed Easy Print E-Mail this Message

Related News
Sharp Licensing TV Brand in Europe to Slovak Universal Media
PlayStation TV Coming October 14th
Sony Develops SmartEyeglass, Launches SDK
Sony To Offer Unity For PlayStation To PlayStation Licensed Developers
Sony Slashes Guidance Due To Poor Smartphone Sales
Sharp Pushes Back Production Of Energy-efficient MEMS-IGZO Displays
Sony Smart EyeGlass Prototype Appears At IFA
New Sony Camera Shoots In The Dark
Sony Unveils New Xperia Z3, Z3 Compact And More at IFA
Sharp, Pioneer Dissolve Their Capital Alliance
Sony PSN Back Online
Sony Offers New Smart Tennis Sensor

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2014 - All rights reserved -
Privacy policy - Contact Us .