|
|
According to a latest update, Sony and Sharp have announced the termination of a partnership formed in 2009.
To rewind; Sony have invested $126 million (£80 billion) in Sharp's LCD display business and received a 7 percent stake in Sharp's display manufacturing.
The deal started to go really sour, when Sony announced in March that they wouldn't inject any more financing into the venture. At that time, Sony’s eventual exit was widely expected.
After the termination, Sony will receive a cash consideration equal to its original investment of 10 billion yen ($ 126 million) by end of June, 2012.
Besides terminating LCD joint venture with Sharp, Sony has also terminated its joint venture with Samsung Electronics to produce flat panels recently.
Market watchers believe, the latest announcement is indicating that both the tech giants (Sony and Sharp) are struggling to make their TV business profitable.
Check out more IT news at itvoir.com |
Tags: Sony, Sharp, Joint venture, LCD venture, LCD display business | | |
|
|
|
Sony has launched the Xperia Tablet Z, a slim and waterproof designed tablet at a price of Rs 46,990.
The Tablet uses a Qualcomm quad-core processor running at 1.5GHz and has a 2GB RAM, 16 GB int...
|
The first up front move in bringing the next generation of "4K" high resolution flat-panel displays to a much wider audience took effect last week as Sony introduced two models which are not solely ai...
|
Sony has cut off sales targets for digital cameras, smart-phones and tablets by 13 to 17 percent for the year to end March 2015.
Kazuo Hirai, Sony CEO said that Sony would be assessing &nbs...
|
|
|
|
| 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 Older>> |
Wipro, an Indian multinational information technology (IT) consulting and outsourcing service company launched the tablet pc much before the other leading tablet providers today. Wipro E.Go. Sense whi...
|
At a presentation at its headquarters in Redmond Wash, Microsoft revealed the Xbox One, its next generation entertainment console, as per given sources.
Microsoft’s president of interactive...
|
The largest ever quarterly fall in key organic service revenue is posted by Vodafone prompting it to keep hold of a 2.1 billion pound dividend from its US arm rather than return it to shareholders.&nb...
|
To make the iPhone more affordable to the Indian customers, Apple is now offering a range of schemes like trade-in discounts, subsidies for students and a credit card rebate with American Express. |
Aspect Software, a global provider of customer contact, enterprise workforce optimization and back office solutions announced Tech Mahindra, a leading provider of solutions and services to the telecom...
|
A major science award has been given to 18 year old Eesha Khare, for developing a tiny device that can recharge cell phone batteries in less than a minute.
Khare travelled to Phoenix last week fo...
|
The overall PC shipments for Q1 of 2013 have reached 2.71 million units, which roughly show a rise of 3 percent from the Q1 of 2012, as per sources.
Kiran Kumar, Research Manager, IDC India has s...
|
As per sources, 4G services, that enables users to access internet more than 50 times faster than the current 3G network, would be launched in Shanghai in the June, when the China Mobile company begin...
|
Nokia, the Finnish telecommunication giant, a well-known company worldwide has reportedly slipped to 10th position in the Smartphone market. Nokia was undeniably the market leader in the mobile phone...
|
HP, an American multinational information technology corporation has launched its two hybrid tablet notebooks: Android powered HP SlateBook x2 and the Windows 8-based HP Split x2. The HP Split x2 and...
|
| | Top | |
|
Information provided on this page has been independently obtained from sources believed to be reliable. However, such information may include inaccuracies, errors or omissions.ITVoir.com, and its affiliates, information providers or content providers, shall have no liability to you or third parties for the accuracy, completeness, timeliness or correct sequencing of information available on this page, or for any decision made or action taken by you in reliance upon such information, or for the delay or interruption of such information.
ITVoir.com,its affiliates, information providers and content providers shall have no liability for investment decisions or other actions taken or made by you based on the information provided. |
|
.jpg)
.jpg){kind=small}
.jpg){kind=small}
.jpg){kind=small}
.jpg){kind=small}
.jpg){kind=small}
.jpg){kind=logo}
.jpg){kind=small}
.jpg){kind=small}
.jpg){kind=small}
.jpg){kind=logo}
