Reuters: Technology News: Sharp reverses losses on report to replace president

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Sharp reverses losses on report to replace president Mar 14th 2012, 06:17 Tweet Share this Email Print Related News Japan's Sharp to replace president: Nikkei 2:17am EDT Related Topics Tech » Hot Stocks » Asian Markets » A man looks around Sharp's TV sets at an electronics store in Tokyo February 1, 2012. Credit: Reuters/Kim Kyung-Hoon TOKYO | Wed Mar 14, 2012 2:17am EDT TOKYO (Reuters) - Shares of Sharp Corp reversed losses and jumped over 4 percent on Wednesday after a report that its president Mikio Katayama would resign as the company struggles to shore up its finances. Sharp jumped as high as 534 yen before closing up 4.3 percent at 531 yen, and topped the main board as the heaviest traded stock by turnover. Japan's biggest maker of liquid crystal displays is headed for a record net loss in the year ending March 31 on slumping LCD demand, which forced it to cut output at its main plant in Sakai, western Japan. (Reporting by Mari Saito; Editing by Michael Watson) Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.

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