Sharp Electronics' New Parent:Hon Hai/Foxconn Technology

Taiwan-based Hon Hai/Foxconn Technology Group has purchased a controlling stake in Japan's Sharp Electronics for 2.5 billion dollars.Foxconn transferred a deposit of 100 billion Japanese yen to Sharp on 31 March.
Foxconn is the world's largest electronics outsourcing firm,manufacturing the likes of the iPad,iPhone,Kindle,PlayStation 4,Xbox One and NokiaFounded by Terry Gou (pronounced "Gwa"),it is the third largest technology company in the world by revenue.With factories that can range to gargantuan proportions in Asia,Brazil,Europe and Mexico,its more than one million workers produce 40% of all consumer electronics.The group's revenue derives mainly from manufacturing services in connection with handset production.*
Foxconn,a Fortune Global 500 firm,is the largest exporter in Greater China and the second largest in the Czech Republic.Hon Hai Precison Instrument Co Ltd of New Taipei,Taiwan is the anchor company of Hon Hai/Foxconn Technology Group.Foxconn says it is the most dependable partner for joint design,joint development,manufacturing,assembly and after-sales services to global Computer,Communications and Consumer Electronics (3C) leaders.It has over 55,000 patents in fields such as nanotech;wireless network;environmental protection;optical plating technique;precision/nano processing;and network CMOS chips.It also provides end-to-end services such as its logistic and e-supplying system adopted for global supply chain management;computer software development and programming;and sales channel solutions.*
Sharp was founded as a mechanical pencil maker,but today is the fourth largest manufacturer of LED screens.Explaining his purchase,Mr.Gou said he has deep respect for Sharp's innovation and leadership.In acuiring Sharp,he has added a creator of products to a firm known for executing the designs of others.
Although at times questions have been raised about its treatment of workers and there have been some suicides by its workers,Foxconn says it is committed to continual education,investing in people long-term and localization globally.It is a penny stock trading under the name FIH Mobile and had a dividend yield of 2.42% as of close of trade Monday.*
FIH Mobile Ltd (OTC:FXCNF),Sharp Corp ADR (OTC:SHCAY)

Federal Rules Impel SAIC To Split Itself Up

Federal conflict of interest rules are forcing SAIC,the former Science Applications International Corporation,to divide into two separate companies.The rules make it harder for a company that combines services and solutions functions as SAIC does to compete for contracts.Under the leadership of new CEO General John P. Jumper,US Air Force retired,the IT-oriented research group will spin off its 4 billion dollar a year services business from the larger 7 billion a year solutions business.
The services business will provide systems engineering and technical assistance,plus financial analysis and program office support.The solutions business will offer science and technology for national security,engineering and health projects such as communications,intelligence,logistics and electronic warfare initiatives.
SAIC was founded by a small group of scientists led by physicist J. Robert Beyster,PhD in 1969.The FORTUNE 500 company addresses complex and critical technology-related needs such as cancer research at its SAIC-Frederick subsidiary in Maryland.SAIC-Frederick develops and applies advanced technologies to translational research,accelerating the delivery of new cancer and AIDS treatments.The activity supports the National Institutes of Health's Frederick National Laboratory for Cancer Research,employing nanotechnology,genomics and biomedical imagery in both basic and applied research.
SAIC employs about 40,000 people at locations from Virginia to Saudi Arabia,Bahrain and the United Arab Emirates.
SAIC,Inc(SAI)