January 27, 2006 |
Sony Corp.'s attempts to turn around its electronics business paid big dividends during the holiday season, putting the company solidly in the black with record results in a quarter in which it had warned of a loss. Strong sales of Sony's new Bravia liquid crystal display TVs and its popular PlayStation Portable hand-held game system fueled an 18% rise in fiscal third-quarter profit, to $1.4 billion. Revenue also hit a record, climbing 10% to $20.1 billion.
May 14, 2002 |
Sony Corp. will slash the price of its popular PlayStation 2 video game console by a third today, potentially sparking a price war with rivals Microsoft Corp. and Nintendo Co. as the three companies jostle for a share of the $27-billion global games market. At the same time, Nintendo said it will break into the online games market by selling a modem for its GameCube console this fall.
February 23, 1995 |
The consumer electronics industry moved a step closer Wednesday to an all-out war over a new digital home video format as Sony Corp. declared that it will push forward with a videodisc technology it proposed in December with Philips Electronics. A rival digital videodisc technology developed by Toshiba Corp. and Time Warner Inc. and unveiled last month has gained the backing of a number of key players--including Matsushita Electric Industrial Co., Pioneer Electronic Corp. and Hitachi Ltd.
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.