Friday, January 27, 2006

Surprisingly Strong Results at Sony Offer Hint of a Turnaround - New York Times

Surprisingly Strong Results at Sony Offer Hint of a Turnaround - New York Times: " Sony, the struggling electronics giant, reported a surprising 17.5 percent increase in quarterly net profit on Thursday and reversed its fiscal year forecast to a profit from a loss, leading some to wonder if the company was seeing the first glints of a turnaround."

Looks like an at least partial rebound, although the fate of the company is still fundamentally a function of PlayStation progress. I guess Apple missed the opportunity to leverage its stock price into a deal for/with Sony at a firesale price...

"... the better-than-expected earnings numbers sent Sony's stock surging. Its shares rose $5.28, to $48.57, on the New York Stock Exchange."

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