14 May 2013 (12:45 UTC-07 Tango)/04 Rajab 1434/24 Ordibehest 1391/05 Ding-Si (4th month) 4711

“We need to say goodbye to the Sharp that we knew….”-Kozo Takahashi, Sharp executive vice president

Continued crashing LCD TV sales dragging Japan’s Sharp to its death?

Company officials said they lost a record $5.4 billion USD for the last Japanese year (April 2012 to March 2013), much more than they estimated!  And that’s after Sharp sold office buildings, cut salaries and laid off 5400 people!

There will be changes made to the executive board, a new deal with South Korea’s Samsung, and efforts to extended existing loans and get new ones, are part of the electronic company’s plans for recovery.

Somehow company officials think Sharp will actually make a profit this year!