Sharp Corp, Japan's biggest maker of liquid-crystal displays, said net income in the third quarter of its business year rose 27 percent on soaring demand for flat-screen televisions and computers. \nGroup net income rose to ?17.8 billion (US$169 million) from ?14 billion in the same period a year earlier. Sales rose 10 percent to ?580.5 billion from ?526 billion, the company said in a statement released through the Tokyo Stock Exchange. \nFlat-screen TVs and computer displays are among the best-selling products for Sharp and rivals such as Sony Corp and Samsung Electronics Co. Sharp plans to double annual sales of LCD panels for TV screens to 3 million units by March 2005. \n"We like Sharp. It has a clear product focus," said Christian Takushi who helps manage about US$660 million in Japanese equities, including Sharp, at Swissca Portfolio Management in Zurich. \n"The trouble is that Sharp is already recognized and a lot of fund managers are overweight," Sharp stuck to its full-year net income forecast of ?57 billion, because the yen's rise against the dollar may erode earnings. \n"We left the full-year outlook unchanged because of uncertainty in the currency market," said Hiroshi Saji, Sharp's vice president, at a press conference in Osaka, western Japan. The yen has risen 5.2 percent against the dollar since Oct. 1. The company didn't say what impact the yen's increase may already have had on earnings. \n"Though we're seeing some weakness in Sharp's stock price recently, it's hard to see that the stock will continue to fall when it's coming out with products that sell," said Kazunori Ohtomo, a fund manager at STB Asset Management Co in Tokyo. \n"From what we're seeing in their earnings, Sharp's stock could test highs going forward," Ohtomo said. \nSharp's operating profit, or sales less the cost of goods sold and selling, general and administrative expenses, rose 12 percent to ?32.7 billion during the quarter. Operating profit at its liquid-crystal-display business rose 38 percent to ?8.3 billion, the company said. \nDecember shipments in Japan of liquid-crystal displays used for televisions almost doubled to 242,000 units, the Japan Electronics and Information Technology Industries Association has said on its Web site.
‘HERO OF THE ERA’: President Tsai Ing-wen expressed deep sadness at Lee’s passing, and told the government to assist his family with all their needs Former president Lee Teng-hui (李登輝) passed away at 7:24pm yesterday at Taipei Veterans General Hospital. He was 97 years old. The hospital stated the cause of death as septic shock and multiple organ failure. Lee had been hospitalized there since February, when he choked on a mouthful of milk at home. He was later diagnosed with pulmonary infiltrates and aspiration pneumonia. The hospital said that Lee had been treated with antibiotics, but that his health had not improved, as his advanced age and diabetes had inhibited his immune system and led to recurring infections. During his hospitalization, Lee underwent daily kidney dialysis, which removed
‘WEAK POSITIVE’: The man arrived in Taiwan in May and was quarantined for two weeks, Chen Shih-chung said, adding that he might be infected a long time ago The government is considering tightening mask-wearing rules again in light of a potential domestic COVID-19 infection, Minister of Health and Welfare Chen Shih-chung (陳時中) said yesterday. The Central Epidemic Command Center (CECC) confirmed seven new COVID-19 cases, six of which are imported. The other case involves a Belgian engineer who entered Taiwan on May 3 and remained in quarantine until May 17, said Chen, who heads the CECC. Although the source of infection has yet to be identified, the case could end the nation’s record of not having any domestic cases in the previous 110 days. The Belgian, in his 20s, is a technician
RECEIVING TREATMENT: President Tsai Ing-wen, Vice President William Lai and Premier Su Tseng-chang visited former president Lee Teng-hui yesterday morning Taipei Veterans General Hospital yesterday rebutted speculation that former president Lee Teng-hui (李登輝) had died a day earlier, saying that he was weak, but receiving treatment. The hospital said the 97-year-old Lee was not in good condition and needed ongoing care, adding that if there are any changes in his condition, it would make those public. The comments came after rumors emerged online on Tuesday that Lee had died after being hospitalized since early February. Soon after the unsubstantiated rumors emerged, reporters started flocking to the hospital seeking confirmation. Lee was admitted to Taipei Veterans General Hospital on Feb. 8 after choking while drinking
THAI CASE UPDATE: Twenty-nine close contacts of the worker have been tested with two types of tests, including 18 dorm mates, with 28 negative results so far Five imported cases of COVID-19, four from the Philippines and one from Hong Kong, were reported yesterday, bringing the total confirmed cases in Taiwan to 467, the Central Epidemic Command Center (CECC) said yesterday. The four returning from the Philippines were on the same flight, and the local health department has identified 15 people who had direct contact with them — including 10 passengers in the two rows in front or behind them, who have been put under 14-day home isolation, and five crew members, who will practice 14-day self-health management, said Centers for Disease Control (CDC) Deputy Director-General Chuang Jen-hsiang