Panasonic shares dropped 19% and stopped due trading limit
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Panasonic Corp. (6752), Japan’s second- biggest TV maker, plunged by the daily limit in Tokyo trading after forecasting a loss 30 times bigger than analyst estimates because of restructuring costs and falling demand
The maker of consumer electronics, solar panels and home appliances dropped 19 percent to 414 yen as of 9:33 a.m., headed for the lowest close since February 1975.
Reason? See - http://www.personal-view.com/talks/discussion/5051/japan-panasonic-and-toshiba-losses#Item_12
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Sharp Corp. fell as much as 3.5 percent. Japan’s biggest maker of liquid-crystal displays may widen its full-year loss forecast to 450 billion yen from 250 billion yen.
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