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Old 06-05-2018, 09:52 AM   #1
SRTDodge05
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Sharp to buy Toshiba's PC business

Writes a $36 million cheque

Sharp said it would buy Toshiba's personal computer business and issue $1.8 billion in new shares to buy back preferred stock from banks, highlighting a swift recovery under the control of Foxconn.

The acquisition of the PC business for $36 million marks a return by Sharp to a market it quit eight years ago, even if its comparatively low cost underscores dwindling demand in a world where many consumers spend more money on their smartphones.

The Osaka-based electronics maker's cunning plan is to use the scale of parent Foxconn, the world’s biggest contract manufacturer, to produce PCs more cheaply - just as it has done with TVs.

Toshiba, which launched the world’s first laptop PC in 1985, sold 17.7 million PCs at its peak seven years ago. That shrank to just 1.4 million units last year.

Bought by Foxconn two years ago, Sharp recently posted its first annual net profit in four years, helped in large part by cost cuts but also by Foxconn’s sales network in China.

Sharp to buy Toshiba's PC business
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Old 06-05-2018, 01:38 PM   #2
fvbounty
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Re: Sharp to buy Toshiba's PC business

I had A Toshiba laptop on my boat for a few years, it did a great job,ran from 4am to 9 pm for months running my charting program.
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Old 07-12-2018, 09:00 PM   #3
SRTDodge05
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Re: Sharp to buy Toshiba's PC business

First laptop I bought was a Toshiba. Total piece of crap. They might be better now but I always go with Dell.
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