News Summary: CEO says Sony on track for comeback

News Summary: CEO says Sony is on track for comeback, refuses to get into price war

Associated Press

COMEBACK KID: The head of Sony Corp. said the struggling electronics and entertainment company is making progress on its comeback and is determined to "wow" people with new products.

LASER FOCUS: Kazuo Hirai, who took the helm of the company nine months ago, said Sony is now more nimble and focused and plans to target customers willing to pay more for its televisions and cellphones.

STUCK IN THE RED: The Japanese company has lost money for the past four years and has fallen behind Apple Inc. and Samsung Electronics Co. in innovation.

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