November 30, 1988 |
Sony Corp., the Japanese electronics giant that aspires to own a Hollywood movie studio, confirmed Tuesday that it has tried to acquire MGM/UA Entertainment Co. but backed off from the price tag--reportedly about $1 billion. Negotiations, which had driven up MGM/UA's stock price by 33% in the past three weeks, were broken off at the end of last week. MGM/UA's shares began to sink before official word that the negotiations had reached an impasse. The stock lost $1.
June 2, 2004 |
Sony Corp. said Tuesday that it would introduce no new models of its Clie hand-held computer in the United States this year, effectively killing a product line launched four years ago as a way to organize music, movies and photos on the go. The electronics and entertainment giant denied it was abandoning the Clie -- or the 3.5 million customers who bought one -- but Todd Kort, analyst at technology research firm Gartner Inc., said Sony would probably let the device die quietly.
December 30, 1999 |
After languishing for years, consumer electronics giant Sony Corp. and its stock are again showing the heady growth that made the Japanese company a household name around the globe. Sony is enjoying an earnings spurt lately--if one excludes the negative impact of the Japanese yen's rising value against the dollar and other major currencies.
July 9, 1989 |
Our changing world. Sony Corp., the Japanese electronics giant, has just named an American and a European to its board of directors, the first foreigners elected to the board of a major Japanese company. The appointments mean "that Sony is a real international company," says the American, Michael Schulhof, 46, the vice chairman of Sony's top U.S. subsidiary, who holds a doctorate in physics from Brandeis University.
March 9, 1999 |
Japanese corporate stalwart Sony Corp., in a move that effectively defines a strategy for Japan to recover from its long recession, announced a broad retrenchment today that calls for the elimination of 17,000 jobs. Sony's action is the deepest and most important restructuring in Japanese industry so far and, because of the great esteem in which Sony is held here, it is likely to serve as a model for other large Japanese companies.
October 13, 1996 |
Sony Corp., the once-revered consumer products company, finally made a smart move in its film business last week, appointing new management, including an executive who can keep Hollywood in touch with Tokyo headquarters. The move in the entertainment division, a unit that caused Sony to write off $3.2 billion two years ago, mirrors a renewal of vigor in other parts of Sony's worldwide spread of businesses, which have $43 billion in sales in everything from camcorders to video game machines.
June 20, 2003 |
When Sony Corp.'s board of directors faces a ballroom packed with anxious shareholders in Tokyo today, two questions will be on every mind: Where is the Japanese electronics giant headed and how exactly does it plan to get there? Sony's stock is hovering around a five-year low, down nearly 30% this year alone. Asian hardware rivals have cracked its traditional lock on the consumer electronics market.
October 4, 1999 |
More than any other individual, Akio Morita, the co-founder of Sony Corp. who died Sunday in Tokyo at age 78, stimulated Japan's ascent to a global economic powerhouse built on technology. Sony's products helped transform the world's consumer culture, beginning a decade after World War II when most Americans had misguided and simplistic notions about the business capabilities of Japan.
May 14, 2000 |
Sony Corp. made news last week with the U.S. launch of its visionary PlayStation2 product in Los Angeles and the naming of a new president in Tokyo, whose appointment signals that the company will continue internal reforms to prepare itself for a future dominated by the Internet. In Japan, Sony is regarded once again as a model, leading its country's industries into a new age of technology and international opportunity. It has put defeat behind it. Everyone recalls Sony's dramatic history.
May 14, 2007 |
Joel Downs is the type of video game buff that Sony Corp. expected to fall for the PlayStation 3. The 32-year-old Culver City entrepreneur is tech savvy, loves his PlayStation 2 and has the money to afford an upgrade. But Downs is holding out. "There's no compelling reason for me to buy it," he said. "There aren't enough good games for it. And it's too expensive." The PS2 has been a runaway hit and profit machine for Sony since its introduction in 2000.