Tue, Mar 3, 2015, 3:32 AM EST - U.S. Markets open in 5 hrs 58 mins


% | $
Quotes you view appear here for quick access.

Sony Corporation Message Board

  • fastmoneyof_2011 fastmoneyof_2011 May 11, 2012 2:15 AM Flag

    Sony, Panasonic shares plunge to 30-year lows

    Sony, along with Panasonic and Sharp, has been fighting a losing battle for years against fierce competition offered from the likes of South Korea's Samsung and US-based Apple.

    Analysts have called on Sony to drastically overhaul its business, including possibly leaving the TV business all together.

    Last month, Sony said it would cut about 10,000 jobs and spend nearly $1 billion on an overhaul that its new chief executive Kazuo Hirai described as "urgent".

    "On the whole, (Sony) remains at risk of ongoing losses in its cellular application and TV businesses, and we continue to see little prospect of a rise in valuations for the time being," Credit Suisse analysts Yuan Tian and Shunsuke Tsuchiya said in a client note.

28.11-0.21(-0.74%)Mar 2 4:02 PMEST

Trending Tickers

Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.