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Sony Corporation Message Board

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  • vlahosa2000 vlahosa2000 Mar 28, 2008 9:16 AM Flag

    After the dominance of BLU-RAY...

    Bear of the Day: Sony Corporation (NYSE: SNE)

    We believe Sony will continue to struggle as it faces increasing competition from innovative digital products and increasing competition from low-cost Asian manufacturers as the consumer market slows. Although Sony reported strong Q3 results, it has lowered expectations for Q4. We would be hesitant to own shares of a consumer focused company, and maintain a Sell recommendation on SNE shares, lowering our price target to $36.50.

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