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Sony Corporation Message Board

  • PFIZER200 PFIZER200 Jun 29, 1998 6:52 AM Flag

    SNE news

    SONY TO BEGIN OVERSEAS SALES OF MD PLAYER WITH PC
    EDITING

    TOKYO - Sony Corp. (NYSE:SNE - news;
    TSE:6758) will introduce MiniDisc (MD) players
    in
    Europe, Canada and some parts of Southeast Asia that can
    be linked to a personal computer to
    allow text to
    be inserted and music entries to be edited. Sony
    will begin exporting three models of
    the MDS-PC1
    series, which are already popular in Japan, beginning in
    July. Special to the series is a
    feature that allows
    users to input text and edit entries with PC software.
    The models sold abroad will
    be priced comparably
    to those sold in Japan, which start at just over
    50,000 yen (about US$373).

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    • Dow Jones Newswires -- July 6, 1998
      Japan's
      Sony Shares Up Midday On
      Pension Fund Buys


      Dow Jones Newswires

      TOKYO (Nikkei/Dow
      Jones)--Shares of Japanese electronics giant Sony
      Corp. (SNE
      or 6758) are marginally higher midday Tuesday after
      buying
      by domestic pension fund managers supported a
      late-morning rally, traders
      said.

      At the Tuesday
      midday break, shares of Sony Corp. were up Y70, or

      0.6%, at Y11,990 on volume of 279,700 shares.

      A
      recent round of buying of low-priced issues has run its
      course, and
      dealers are again targeting some
      high-tech shares, said an analyst with a
      mid-size
      securities house.

      Prices of Sony shares are also
      being supported by an overnight rise on the

      tech-heavy Nasdaq index, and by continued weakness in the
      yen, traders
      said.

    • Cut from WSJ Interactive this morning-
      On
      Friday, Prime Minister Ryutaro Hashimoto said the
      government will
      implement permanent income tax cuts next
      year, which boosted share
      prices and the
      yen.

      On Sunday, however, the premier said that while
      his government would
      debate permanent reforms to
      the income tax system, he was by no means
      certain
      the reforms would result in any net reduction of the
      tax burden.

      The yen's slide against the U.S.
      dollar also contributed to the market's
      downturn.
      Late Monday, the dollar was quoted at 140.50 yen, up
      from
      139.76 yen in late Friday trading in
      Tokyo.

      "It was natural that participants took a breath
      today after eight sessions of
      gains," said Masaru
      Arai, general manager at Ryoko Securities Co.


      "The medium- to long-term outlook is still bullish
      amid the likelihood of
      active short covering of
      low-priced shares," which have been sold heavily
      during
      the country's economic slump, he said.

      SNE @
      11920 in Tokyo this morning.

    • Sne is up 75 to 82.75 and still trading at a
      discount to close in Japan. Yen is 141.7 and close was
      11790 which figures to 83.20.

      Sony posted their
      anual report a few days ago. Nice info here at this
      site and one can find out more about Sony than you
      ever wanted to know. Notice next Q should be out
      around August 1. If earnings have been powered up by low
      yen we should have a nice move between now and middle
      of
      August.

      http://www.sony.co.jp/soj/CorporateInfo/index.html

 
SNE
18.92+0.06(+0.32%)1:41 PMEDT

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