InfoAnda - Sony slides to three-decade low on strategy doubts |

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

Taiwan dollar firms on exporters, rising stocks | 9 April 2009
Investors bet on Nvidia's new mobile chips | | 13 January 2011
World stocks pressured by scandal, uncertainty | 16 December 2008

Irish crowd pelt Gun N' Roses after lengthy wait | 3 September 2010

Forum Views () Forum Replies ()

Read more with google mobile : Sony slides to three-decade low on strategy doubts |

Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Home Business Business Home Economy Technology Media Small Business Legal Deals Earnings Social Pulse Business Video The Freeland File Markets Markets Home U.S. Markets European Markets Asian Markets Global Market Data Indices M&A Stocks Bonds Currencies Commodities Futures Funds peHUB World World Home U.S. Brazil China Euro Zone Japan Mexico Russia India Insight World Video Reuters Investigates Decoder Politics Politics Home Election 2012 Issues 2012 Candidates 2012 Tales from the Trail Political Punchlines Supreme Court Politics Video Tech Technology Home MediaFile Science Tech Video Tech Tonic Social Pulse Opinion Opinion Home Chrystia Freeland John Lloyd Felix Salmon Jack Shafer David Rohde Bernd Debusmann Nader Mousavizadeh Lucy P. Marcus David Cay Johnston Bethany McLean Edward Hadas Hugo Dixon Ian Bremmer Lawrence Summers Susan Glasser The Great Debate Steven Brill Jack & Suzy Welch Frederick Kempe Christopher Papagianis Breakingviews Equities Credit Private Equity M&A Macro & Markets Politics Breakingviews Video Money Money Home Tax Break Lipper Awards 2012 Global Investing MuniLand Unstructured Finance Linda Stern Mark Miller John Wasik James Saft Analyst Research Alerts Watchlist Portfolio Stock Screener Fund Screener Personal Finance Video Money Clip Investing 201 Life Health Sports Arts Faithworld Business Traveler Entertainment Oddly Enough Lifestyle Video Pictures Pictures Home Reuters Photographers Full Focus Video Reuters TV Reuters News Article Comments (1) Video Counterparties: Today's Best Links Dem presidents create more jobs? Nearly two-thirds of private sector job creation has come under Democratic presidents during the last five decades, according to a new study by Bloomberg News. Read more at Counterparties Homeowners wait months to refinance Sign up for the Counterparties newsletter! Follow Reuters Facebook Twitter RSS YouTube Read Hollie Cavanagh couldn't make 'Idol' fans love her 10 May 2012 Michele Bachmann to withdraw Swiss citizenship 10 May 2012 JPMorgan reveals $2 billion trading loss, CEO Dimon admits "egg on face" | 12:52am EDT JPMorgan has $2 billion trading loss, reputation hit | 10 May 2012 NBA's "Birdman" Andersen's home raided by Denver-area police 10 May 2012 Discussed 142 Obesity fight must shift from personal blame: U.S. panel 121 Florida nabs white supremacists planning ”race war” 118 Romney apologizes for bullying incident at school Watched Prince Charles fills in as TV weatherman Thu, May 10 2012 U.S. downs test missile with new interceptor Thu, May 10 2012 World's rarest gorilla makes camera-trap debut Wed, May 9 2012 Pictures Reuters Photojournalism Our day's top images, in-depth photo essays and offbeat slices of life. See the best of Reuters photography. See more | Photo caption Gay marriage battle A look at the legal battles and the controversies over gay marriage. Slideshow Wild weather Scenes of the awesome and sometimes destructive power of nature. Slideshow Sony slides to three-decade low on strategy doubts Tweet Share this Email Print Related News Nikkei in sixth week of losses, Sony slides after results 3:39am EDT Sony sees return to profit, aims to halve TV losses Thu, May 10 2012 Instant View-Sony forecasts rebound to profit after record loss Thu, May 10 2012 Toshiba sees rebound as Apple leads demand for NAND Tue, May 8 2012 Nokia defends strategy to exasperated investors Thu, May 3 2012 Analysis & Opinion A London divided against itself Samsung moves on from Japan to nibble at Apple Related Topics Tech » Hot Stocks » Asian Markets » Media » Japan » Related Video Sony expects $2.3 billion profit rebound Wed, May 9 2012 A Sony logo is seen as customers look at Sony's digital cameras at an electronic shop in Tokyo May 10, 2012. Shares in Japan's consumer electronics giant Sony Corp slipped quietly to a quarter century low this week, a sign of how the Walkman and PlayStation maker has lost its innovative edge and fallen far behind rivals Apple and Samsung Electronics. Credit: Reuters/Kim Kyung-Hoon By Dominic Lau TOKYO | Fri May 11, 2012 3:54am EDT TOKYO (Reuters) - Shares in Sony Corp slumped more than 7 percent to near 32-year lows, as investors doubted the Japanese consumer electronics giant has a strategy to fix its loss-making TV business and compete in the smartphone market against Apple Inc and Samsung Electronics. The last time Sony shares were this low, in the summer of 1980, its first Walkman portable cassette player had just gone on sale in the United States. The maker of Bravia TVs, Vaio laptops and PlayStation games consoles on Thursday posted a record annual loss of $5.7 billion, but forecast a first profit in five years as it looks to halve losses at its ailing TV business. The profit forecast was below analysts' expectations. Japanese firms, which long dominated the global TV industry, have been overtaken by Samsung and LG Electronics, which are rolling out next-generation sets using organic light emitting display (OLED), in a reshaping of Asia's flat panel sector. A stronger yen, which erodes the value of exports, has also not helped. "(In the past) if you wanted a top quality TV you had to buy a Sharp, Panasonic or Sony. Those days are gone," Steve Durose, Senior Director and Head of Asia-Pacific at Fitch Ratings, told Reuters last month. "I didn't see anything positive in there (Sony's results)," said a trader at a U.S. bank. "There's really nothing in there that can justify buying the stock. You see the loss narrowing in the TV business. That's fine, but I don't see any future in the TV business, so it doesn't matter what they do." Shares of Panasonic Corp, which makes Viera TVs, also fell, 1.6 percent, to their lowest close in more than three decades. After the market closed, Panasonic also posted a record annual loss, of $9.7 billion, and predicted a return to profit this year after a heavy bout of cost-cutting and restructuring. Sharp, Japan's other main TV manufacturer, fell 5.1 percent to its lowest close since November 1979. TOO OPTIMISTIC? Analysts said the Sony results were largely neutral while its forecasts looked optimistic. "We see no catalyst that might spur a sustained (share) rally," Deutsche Bank analyst Yasuo Nakane wrote in a note. Shiro Mikoshiba, Nomura Equity Research analyst, wrote: "We still regard downsizing and product strategies worthy of the Sony brand as indispensable preconditions of any share price upside." While Mikoshiba sees a sharp profit rebound towards the end of this calendar year, "uncertainty surrounding sales of core products, including TVs, smartphones and digital cameras (means) we're unable to pin down a turning point for the share price." "In our view, guidance for profit improvement in digital cameras, games, li-ion batteries and smartphones looks optimistic and we see downside risk," Goldman Sachs analysts wrote in a client note, keeping their 'sell' rating on the stock. "We think TV losses may be smaller than the company forecasts ... but we see significant downside risk to overall guidance." The U.S. bank trader said Sony's forecast of 33 million smartphone shipments in the year to next March looked optimistic given that its supplier, Qualcomm, faced capacity constraints and the firm's priority is to supply Apple, which could leave Sony without enough smartphone chips to meet its target. Sony carried a 12-month forward price-to-book ratio of 0.56, slightly below Panasonic's 0.64 and Sharp's 0.67, Datastream data showed - all way below the electronics sector's 1.08. (Editing by Edwina Gibbs and Ian Geoghegan) Tech Hot Stocks Asian Markets Media Japan Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (1) vaporland. wrote: Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Back to top Reuters.com Business Markets World Politics Technology Opinion Money Pictures Videos Site Index Legal Bankruptcy Law California Legal New York Legal Securities Law Support & Contact Support Corrections Connect with Reuters Twitter Facebook LinkedIn RSS Podcast Newsletters Mobile About Privacy Policy Terms of Use AdChoices Copyright Our Flagship financial information platform incorporating Reuters Insider An ultra-low latency infrastructure for electronic trading and data distribution A connected approach to governance, risk and compliance Our next generation legal research platform Our global tax workstation Thomsonreuters.com About Thomson Reuters Investor Relations Careers Contact Us Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

Other News on Friday, 11 May 2012
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
British played central role in foiled bomb operation: sources |
Insight: Afghan women fade from White House focus as exit nears |
Putin flexes muscle in shunning U.S.-hosted G8 talks |
Scepticism main challenger in Algerian election |
Libya finance minister says to resign soon, cites wastage |
France's Hollande to fight firms that fire workers |
German police suspend officer over Salafist links |
Microsoft redesigns Bing, plays up Facebook link |
Facebook listing could trigger IPO surge: Nasdaq |
Audience shares rise in debut on Apple link |
Intel CEO plays down concerns about tech spending |
Russell Brand to host 2012 MTV Movie Awards |
The Simpsons go Gaga for season finale |
House finale bittersweet: Everybody Dies |
Tenacious D aim to revive hard rock with Fenix |
British played central role in foiled bomb operation: sources |
Lawyers for China dissident's nephew say they face threats |
South Africa's De Klerk stirs ire with apartheid remarks |
Syria suicide bombers kill 55, ceasefire in tatters |
Greek parties scramble to avert new vote |
Analysis: China's Hu could cast long shadow if top table trimmed |
French left set to win parliament vote: polls |
British PM faces scrutiny over ties to Murdoch |
Spain to approve banks cleanup after tough talks |
Civilian deaths in Afghanistan fall 20 percent: U.N. |
Facebook's IPO already oversubscribed: source |
Sony slides to three-decade low on strategy doubts |
Insight: Salesforce's plan for opulent campus a costly debacle |
Yahoo CEO says he never provided a resume: source |
Online music storage firm MP3tunes files for bankruptcy |
Google, Twitter quizzed on Facebook-Instagram: source |
Facebook listing could trigger IPO surge: Nasdaq |
Analysis: Cisco spooks, but IT spending seen on the mend |
House finale bittersweet: Everybody Dies |
Hollie Cavanagh couldn't make 'Idol' fans love her |
Long road to South Korean stage for Syrian drama |
ABC renews Modern Family and other shows |
CBS sues ABC, says new show copies Big Brother |
Howard Stern says will tone down act for Got Talent |
Syria says thwarts attempted 1,200 kg car bomb |
NATO head urges Pakistan to open transit routes in time for summit |
Analysis: Israel frets on sideline as fall of Assad delayed |
Egyptians vote abroad, leadership contest heats up |
New Tunisia constitution ready in October: speaker |
Czech restitution plan may unlock vast church lands |
Algeria declares ruling FLN winner of parliament vote |
Nvidia revenue, outlook beat Street; shares jump |
Analysis: Facebook friends Itaú BBA in nod to Brazil growth |
Viddy gets $30 million funding, aims to stand out from competition |
Cannes film festival puts spotlight on rising stars |
Zooey Deschanel to portray Loretta Lynn on Broadway |
The Dictator film launches in offensive style |
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph	VPN on MacOSX	BlogMeter 1.01