Thursday, September 22, 2005

The Seattle Times: Business & Technology: Sony to cut 10,000 jobs, shrink costs by $1.8 billion

The Seattle Times: Business & Technology: Sony to cut 10,000 jobs, shrink costs by $1.8 billion: "Sony, known as a pioneer in electronics first with the transistor radio and then the Walkman portable music players, has seen some of its glory dimmed by Asian rivals such as Samsung Electronics Co. that are offering cheaper prices.
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Over the past five years, Sony shares have lost two-thirds of their value, and are currently trading at about $36."
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