I heard recently that SONY stood for Standard Oil of New York. Rockefeller invested in Japan after the war to form SONY Corp. Can anyone confirm this as being historically correct? Or can anyone explain how the name SONY came about?
I know this is an old thread, but here goes anyway:
I read in an article about naming new companies that Sony was simply derived from "SON" which coincidentally implies or is related to the word "sound" in many different languages, including the Romance languages (Latin root) and Japanese.
The Ying Yang story is just silly; the philosophy of Yin and Yang is centuries old.
I wouldn't doubt that the American robber barons had investments in Tokyo, but I've never heard this-- all the information I've seen about the large Japanese companies is that they grew out of the Japanese system of alliances (I forget the Japanese word for it) that were rooted in the the samurai houses.
The name SONY actually stands for Son of Nu Yang. Nu Yang was an immigrant from the island of Burma, whose family struck it big in the offshore oil industry. He was an electrical engineer and wanted to set up a company that his oldest son could take over and make it grow. He started the company by making two way radios to talk between oil rigs. His son, Ying, went on to develop other electronic devices and thus the start of SONY. To this very day, the name Ying Yang is quite popular and there is a symbol that represents the Ying Yang. The symbol is two exact designs intermeshed, but one is white and one is black. This is said to represent the initial two way radio system and the way Ying Yang viewed it in possibly helping to some day break down the racial barrier. It is said that the symbol is tattooed on the neck of Ying Yang. He resides currently on the island of Kyoto.
I think Sony comes from the combination of two words. Sonus (latin meaning sound) and Sonny meaning little son. I like the name Sony but would vote to change the companies name to Godzilla for the summer.
This article speeks softly but says quite a bit. I guess I am not the only person in the states who likes the recent price. Sony does alot of business here so maybe we see value different. Also maybe a wise way to participate in a rising yen. At 75 yen to one US dollar it would take 154 or so to buy a share of Sony at the current price. Think I will buy some more.
Sony Shrs Up 1.8%;Pfts Seen Stable Despite Asia Econ Trouble
TOKYO (Nikkei/Dow Jones)--Shares of Japan's Sony Corp. (SNE or 6758) are modestly higher Tuesday afternoon on hopes for relatively steady earnings performance despite the economic turmoil in Asia, traders said.
At 0555 GMT (12:55 a.m. EST), Sony shares were up Y200, or 1.8%, at Y11,600 on volume of 1.79 million shares on the Tokyo Stock Exchange.
Unlike many Japanese leading companies which have been forced by Asian economic woes to trim their earnings projections, Sony is expected to post stable earnings for the year through March 1998, a trader said.
Buy orders in the morning were mainly from U.S. securities companies such as Merrill Lynch, with 3.88 million shares, Morgan Stanley, with 1.02 million shares, and Lehman Brothers, with 660,000 shares.
Some players feel that a correction period following the stock's rise to Y12,700 on Jan. 1998, its highest level in the period since January 1997, is ending, analysts said.
With the end of the fiscal year coming, the stock has tended to run into profit-taking by domestic corporate investors, as the stock is nearly 30% higher than it was in March 1997. However, it is unlikely to fall significantly from current levels as the shares have seen support around Y11,000 since the beginning of this year, traders said.