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Sharp skyrocketed on Thursday with the hard-hit Japanese electronics giant saying it was mulling rival bailout offers Lorenzo Carter Jersey , including one from Foxconn parent company Hon Hai Precision, as it posted another massive loss.


Tokyo investors cheered local media reports that Sharp's board is favouring a 600 billion yen ($5.0 billion) rescue from Hon Hai, a key Apple (LSE: 0R2V.L - news) supplier.


Sharp -- which has teetered on the edge of bankruptcy for years -- kicked off a critical directors' meeting Thursday morning to review at least two competing bids, including a proposal from a domestic investment firm.


Japanese media Landon Collins Jersey , including public broadcaster NHK and the Jiji Press news agency, said Sharp's board was leaning towards the offer from Hon Hai, which is based in Taiwan (Taiwan OTC: 6549.TWO - news) .


The public-private Innovation Network Corporation of Japan (INCJ) has offered around 300 billion yen to rehabilitate the century-old company, which started life as a belt buckle and pencil maker.


Sharp's chief Kozo Takahashi refused to be drawn on which offer he favoured Ereck Flowers Jersey , but said that his company was putting "more manpower" into evaluating the Taiwanese offer.


"That doesn't mean one of them has an advantage over the other, however," he told reporters after the board meeting.


"We are firmly scrutinising both (proposals) in a fair and transparent manner," added Takahashi.


After soaring by more than 25 percent earlier Darian Thompson Jersey , Sharp's volatile shares settled back slightly to close at 160 yen, up 16.79 percent on the day.


The Aquos-brand maker, which is also an Apple supplier, has fallen on hard times in recent years Sterling Shepard Jersey , piling up eye-watering losses and ushering in a restructuring plan that has yet to pull it out of the mire.


After markets closed, the firm posted a whopping nine-month net loss of $918 million, hit by restructuring costs and a slump in demand for its smartphone screens.


Sales for the nine months fell about seven percent from a year ago.


- 'Too much speculation' -


Despite its bleeding balance sheet, Sharp remains a leader in liquid crystal display technology Eli Apple Jersey , a key asset for Hon Hai.


"We cannot provide any comment -- there has been too much speculation," a Hon Hai spokeswoman told AFP earlier Thursday.


The Taiwanese group's chairman Terry Gou met Sharp?s board at their Osaka headquarters last week to make his case for a raised bid of about 660 billion yen, Bloomberg News reported, citing a person familiar with the matter.


Earlier reports had suggested Sharp was learning toward the offer from INCJ Wayne Gallman Jersey , which is the main shareholder in rival Japan Display (Other OTC: JNNDF - news) .


Media said Tokyo and Sharp's bank creditors were concerned about the company's key technologies falling into the hands of a foreign firm.


The INCJ plan reportedly called for hiving off Sharp's LCD business and merging it with Japan Display, while the Foxconn offer would allow the firm to continue operating as a single entity.


But Sharp's Takahashi said Thursday that both bids contemplate keeping the vast firm together.


Along with rivals Sony (Hanover: SON1.HA - news) and Panasonic (Swiss: MAELI.SW - news) , Japan's electronics giants were hammered by steep losses in their television units owing to stiff competition from lower-cost rivals, particularly in South Korea and Taiwan.


They were also outmanoeuvred in the mobile phone business Davis Webb Jersey , but Sony and Panasonic have seen improving results.


BERLIN, May 28 (Xinhua) -- Hamburg avoided a first-leg loss to Karlsruhe thanks to Ivo Ilicevic's late equalizer on 1-1 in Bundesliga's promotion play-off game on Thursday.


Second-division side Karlsruhe gave the hosts a hard fight at the outsold Volkspark, yet the "KSC" remained wasteful on the finish allowing first-division side Hamburg to snatch a late draw.


Karlsruhe caught a fairy-tale start on the road as the visitor' s stunned Hamburg with the opener at the 4th minute. Rouwen Hennings unleashed a left-footed hammer from the edge of the box into the bottom right corner.


The early goal played into Karlsruhe's hands as they were able to focus on fast breaks meanwhile uninspired Hamburg were forced to dictate the proceedings on the pitch.


However, the second-division club were able to keep the hosts on the distance therefore Pierre-Michel Lasogga's long range effort remained the only note worthy chance of the first division team.


After the restart Dalvin Tomlinson Jersey , Karlsruhe had the chance to double the lead on the road but Manuel Torres and Dimitrij Nazarov rattled the bar within seconds, giving Hamburg the chance to score the crucial equalizer on home soil. Ivo Ilicevic made use of a one-two with Dennis Diekmeier to slot home from inside of the box at the 73rd minute.


Bruno Labbadia's men pressed Karlsruhe into the defence in the dying minutes of the game and they almost grabbed the lead but " KSC" goalkeeper Dirk Orlishausen defused Marcelo Diaz long range shot with a diving save.


With the 1-1 first leg draw Hamburg leave the door open for the second leg in Karlsruhe. The "HSV" need a win or a draw, higher than a 1-1, to maintain their first leg status for another season. The "KSC" would reap their promotion after a six-season absence with a victory or a goalless draw.


"We were shocked with the deficit against the run of the game but you can't count us out Evan Engram Jersey ," Hamburg's coach Bruno Labbadia said.


"We staged a good performance but squandered also a few chances," Karlsruhe coach Markus Kauczinski said.


Karlsruhe host Hamburg for the second leg of the Bundesliga promotion play-off on June 1.


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