Panasonic, Sharp expect red ink despite yen help

TOKYO (AP) — Japanese electronics makers Panasonic Corp. and Sharp Corp. both stuck to full year forecasts for massive losses even as results for the latest quarter got a boost from the weaker yen.

The two Osaka-based companies are among the Japanese electronics makers battered by price plunges in gadgets and hot competition from more successful rivals such as Apple Inc. and South Korea's Samsung Electronics Co.