Sharp to seek bailout?

Sharp may turn its eyes to Enterprise Turnaround Initiative Corp. (ETIC) or Innovation Network Corp. of Japan (INCJ), writes Bloomberg - citing Fumiaki Sato, co-founder of Sangyo Sosei Advisory Inc., a turnaround advisory firm in Tokyo. Although Sharp signed an agreement to sell a 9.9 percent stake to EMS-giant Foxconn, both companies continue to renegotiate the deal. In his lates fiscal, Sharp noted that it expects negotiations to be completed by March 2013.