Sharp Shares Dive 30 Percent
The gloom gathering around Japan’s electronics industry darkened Friday as investors spooked by Sharp Corp.’s steep losses and perceived strategy fumbles sent the shares skidding to lows not seen for nearly 40 years, wiping nearly a third off the company’s value.
Sharp’s 30 percent slide to its lowest level since November 1974 was the most eye-catching symbol of the trouble with Japanese electronics players, coming the day after the company warned it would slip to multibillion-dollar losses once again this fiscal year.
