Nomura Securities raised its investment rating of Sharp from 'reduce' to 'buy'
Sharp announced that it was laying off 1,500 employees, and that it was forecasting a billion dollar loss for the year. It has previously forecasted a gain of $650M.
Sharp won a patent case in Japan, which is now preventing Samsung from selling its 40-inch LCD TV and the 19- and 30-inch LCD monitors.
Rival Samsung won a patent suit against Sharp, forcing the company the stop using certain LCD technology.