Sharp says there is “material doubt” over its corporate survival

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Sharp , the century-old stalwart of Japanese electronics, is in deep trouble . On Thursday, the company said it sustained a ¥249.1 billion ($3.12 billion) loss for its latest quarter, the second year it had suffered record deficits. The company still has about $10 billion of debt. “As operating and net loss for the six months ended September 30, 2012 were huge, continuing from the previous year, cash flows from operating activities were negative,” the company wrote in its quarterly earnings report (PDF). Read 5 remaining paragraphs | Comments

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Sharp says there is “material doubt” over its corporate survival

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