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Sharp Corp To Miss March 29 Deadline For Qualcomm Inc Investment-Reuters

Sunday, 17 Mar 2013 09:55pm EDT 

Reuters reported that Sharp Corp will miss a March 29 deadline to receive the second half of a $120 million investment from Qualcomm Inc after it failed to complete a plan to begin fabricating power-saving screens the two companies are jointly developing. Qualcomm, which paid half the $120 million in December, set conditions for the remainder that included having completed the specifications for the smartphone and tablet PC screens and preparations for their production.