Monday, August 03, 2015
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
AUDI AG, BMW Group and Daimler AG To Buy Nokia's HERE Digital Mapping Business
AT&T To Offer Wireless Service And DirecTV's Pay-TV Offerings
Microsoft Sees Growth Beyond The Desktop With Windows 10
Yahoo Gets Fashionable With Acquisition Of Polyvore
NVIDIA Recalls SHIELD Tablets Due To Battery Issues
Firefox Attacks Microsoft Over Default Browser in Windows 10
Sharp to Exit Americas TV Market
Researchers Showcase Javascript-based Attack On a Computer's DRAM
Active Discussions
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
How to burn a backup copy of The Frozen Throne
Help make DVDInfoPro better with dvdinfomantis!!!
Copied dvd's say blank in computer only
menu making
Optiarc AD-7260S review
 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 to Exit Americas TV Market
Sony Profit Rises Following Demand For Mobile Cameras
Android Lollipop Rolls For the Xperia Z3 and Xperia Z2 Series
Sony Mobile and ZMP to Develop Enterprise Solutions that Utilize Autonomous Unmanned Aerial Vehicles
Sharp Plans to Release Transparent LCDs
Sony's New Wireless Speakers Available In The U.S.
Sony Launches Crowdfunding Platform For Its Products
Android M Developer Preview Available for Xperia Devices
First Sony X900C and X910C Ultra-thin 4K Ultra HD TVs Launching
Sharp Begins Mass-Production of In-Cell Type Touch Displays for Smartphones
Sony Has Three New Cameras For You
Sharp Releases 4K Android TVs

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2015 - All rights reserved -
Privacy policy - Contact Us .