Cash-Poor Sharp Mortgages Display Factories 111
Sharp is one of the small handful of companies that actually make the LCDs that go into products badged with many other companies' names. Now, itwbennett writes "The company was asked by one of its main banks to put its physical assets, including its Apple screen plant, up as collateral for about $2 billion in emergency loans, according to an IDG News Service report. Sharp expects to lose over $3 billion this fiscal year."
wtf? (Score:5, Funny)
Re:Anyone else have trouble parsing the title (Score:5, Funny)
I know all those words, but that sentence makes no sense.
Question... (Score:5, Funny)
What are "Sharp Mortgages", and what caused them to be cash-poor. Is this part of the toxic asset relief program. Apparently, they're displaying their factories. So mayb these were commercial loans for industry used to build factories...
Hmm....
Anglish!
Re:Anyone else have trouble parsing the title (Score:5, Funny)