Sharp tipped to be spinning off smartphone LCD business

Demonstrating just how tough it is to survive in the mobile business, Sharp will reportedly spin off its smartphone LCD division to help keep the company afloat. The move will reportedly be made in the current fiscal year, maybe around next March. The announcement will reportedly be made before Sharp announces its restructuring plans in  May. The company won't give confirmation about the plans just yet but they are saying that they are still considering reorganization options. 

Source: Reuters + Wall Street Journal | Via: Engadget