If you recall, Sharp hit the jackpot back in December, when Qualcomm promised to invest around $120 million in the troubled company in exchange for a five percent stake. Sharp already received the first half of that windfall at the tail end of 2012, whereas the remaining $60 million wasn't going to distributed until "sufficient progress has been made." If that last bit sounds vague, Sharp was actually being held to some clear terms: it had until March 29th to finalize specifications for new power-saving screens that will be used in both tablets and smartphones, and which Qualcomm will help produce. Sharp also needed to generate an operating profit of 100 billion yen ($1.05 billion)
