Following up disappointing earning results from both Research in Motion (RIMM) and PALM last week, Sony Ericsson Mobile Communications AB issued another profit warning Friday, saying second-quarter sales and profit would be hit by slowing demand and a delay in shipping new products.
The profit warning is the second in as many quarters as the mobile-phone maker continues to be hit hard by a weakening economy in Western Europe, hurting demand for the mid- to high-end handsets it specializes in. In contrast, rival Nokia Corp. has a much broader portfolio of devices in the low and midtie...
Sony Corporation, together with its subsidiaries, engages in the development, design, manufacture, and sale of electronic equipment, instruments, and devices for consumer and industrial markets in Japan, the United States, Europe, and internationally. The company’s products include audio and video equipment, liquid crystal display televisions, personal computers, monitors, semiconductors, components, mobile phones, CDs, DVDs, and Blu-ray Disc. It develops, produces, manufactures, markets, and distributes home-use game consoles and software, such as PlayStation2, PlayStation Portable, and PL...
At least one of my stocks is doing pretty well in this terrible, depressing market environment. Activision (NASDAQ: ATVI) hit a new 52-week high of $36.84 on Tuesday. It closed a little below that, but it was a great, high-volume day for the stock, one that saw the shares rise almost 5%.
Yes, with the Dow Jones index shedding 100 points, with every other stock in my portfolio in the red, including MFA (NYSE: MFA), which closed down to $6.66 -- the number of the beast, my
Stocks discussed in the lightning round session of Jim Cramer’s Mad Money TV program, Monday June 16. <!---->
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Bullish calls:
Oceaneering International (OII): “I would buy that company on any dip. You have a winner there.” FMC Corp (FMC): “ …may I throw in FMC Corp and Core Labs as two other great ones." Core Labs (CLB) HJ Heinz (HNZ): “The only food company I'm behind here is HJ Heinz because they're the only ones who made the quarter." Sony (SNE): "I think the yen is coming around and Japan is coming around. I think I'm going to get behind Sony here." Visa (V): "I like Visa very muc
Sony's stock has been a dog, mostly because the company has been in a funk for years. They blew their portable music player franchise and it seemed as though they were about to do the same in video games. However I recently read and article in GameDaily which reports that iSuppli is predicting that Nintendo Wii owners will seek PS3 as a second console in 2008 and that this will be a turnaround year for Sony in video game consoles. This makes sense. My kids have a Wii which they love and now that Blu-Ray has won the HD DVD war, a lot of adults will buy PS3s by Xmas as a two-in-one purch...
The press has been reporting today that Sony is focusing on becoming a market leader in the emerging video download platform. This is another Me-Too development from Sony which has struggled for years to develop any relevant products outside of Playstation. Now the plan is to beat the dying Playstation to death by trying to make it into an internet portal - game station - movie player - super machine.
The strategy coming out of Sony is really pretty simple. Essentially the want to copy Apple’s iTunes success with video format. Instead of the iPod they have the PS3 and TVs, instead of
Microsoft (NASDAQ:MSFT) announces a huge $1 Billion charge to take care of obvious xBox issues. A reported 35% failure rate was causing some credibility problems. Sony (NYSE:SNE)should have been able to deliver if not the knock out punch than a damn good knock the wind out of your lungs jab to the solar plexus.
Instead senior Sony executives first say no price cut. One week later they announce a price cut and also announce a new bigger and better version PSP. The communications problem has focused attention on the price cut reversal and away from the relative merits of what could be...
With recent memory and battery debacles, the flop of the PS3, and the failure of the PSP to bloom into a true competitor to Nintendo's juggernaut one-two punch of the GBA and DS make Sony a walking corpse. It's only a matter of time before the creator of the Walkman fades into memory, just as their flagship product did.
Sony, the Japanese electronics maker, said on Tuesday that its profit slipped in the third quarter as it took large losses on its new PlayStation 3 game console.
But the company raised its annual profit forecast on strong sales in its core consumer electronics business.
Sony reported a net profit 159.9 billion yen, or $1.3 billion, in the quarter ended Dec. 31. That was 5.3 percent below the same quarter the year before, but well above analysts estimates that profit would drop by as much as half.
The electronics division posted operating profit of 177.4 billion yen, up 102.8 percent, helpe
With the performance of the dollar versus the yen, take a look at some of the better performing Japanese stocks. One in particular that I like and own is Sony Corp. Not only is their movie division doing quite well at the box office (think Casino Royale and The Pursuit of Happiness), but their gaming division has been performing a lot better of late. PS3 sales have hit targets even with the competition from the XBox 360 and Nintendo Wii. Solid management team and lines of business with great futures.
SNE (43.41, +6.04%) - Buy - Sony will ride PS3 to a higher stock price. PS3 may not be perfect but as gamers buy more this will become the standard. Wall Street is still skittish so I’m buying now.
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