Some more  interesting news about Sharp Electronics. I think this can only be good for them. It’s tough to exit a business where you were successful in the past but companies that evolve live for tomorrow, those that don’t become irrelevant. The following appears on reuters.com:

(Reuters) – Loss-making Japanese electronics maker Sharp Corp (6753.T) may spin off its LCD panel business and seek funding for it from the government-backed Innovation Network Corporation of Japan (INCJ), a source familiar with the plan said on Sunday.

The Nikkei business daily earlier reported that the LCD unit, which supplies displays to smartphone and tablet manufacturers, will be spun off in the current fiscal year and that INCJ could invest 100 billion yen in the new entity.

The source said Sharp, as part of its restructuring plan, wants to keep a majority in the LCD unit, and that details of an INCJ stake have not been decided.

Click here to read the rest of the article on reuters.com