Sharp mortgages itself to the hilt just to keep going

Sharp has mortgaged its offices and factory buildings in order to raise the cash it needs to stay in business, according to Reuters. It's cut a deal with banks for nearly $2 billion in short-term credit secured on its assets - including the factory that reportedly produces displays for the iPhone. Sharp hadpinned its hopes on cash from Hon Hai, but the Chinese giant is apparently delaying the money with the aim of gaining more control over Sharp's business.

Engadget , Sharp mortgages itself to the hilt just to keep going, Sharp mortgages itself to the hilt just to keep going