Sony apologizes for lackluster year: related news

REG-Sony Corporation Sony Corporation Announces Final Results

0- *T Sony Corporation 1-7-1 Konan, Minato-ku Tokyo 108-0075 Japan No: 08-062E 3:00 P.M. JST, May 14, 2008 *T Consolidated Financial Results for the Fiscal Year Ended March 31, 2008 TOKYO--(Business Wire)-- May 14, 2008--Sony Corporation today announced its consolidated results for the fiscal year ended March 31, 2008 (April 1, 2007 to March 31, 2008). -- New fiscal year records were achieved for consolidated sales and net income. -- Consolidated operating income for the current year was more than five times the prior year and the second highest level in Sony's history. -- In the Electronics segment, new records in sales and operating income were achieved. -- Sony plans to increase its regular annual dividend by Y 15 to Y 40, and to issue a special cash dividend of Y 10 per share, which would result in a total annual dividend of Y 50 for

Sony apologizes for lackluster year

I like Sony, as a game company at least (uh oh). Know why? They're a company that doesn't binge itself so much on marketing and PR that they won't admit their weaknesses. Too many interviews feature journalists asking the same tired questions and the company president or developer or whatever answering with the same tired answers. If we're lucky, we see the journalist asking actually honest questions, like, 'why is your system sucking so bad? How will you make it not suck so bad?' (I'm paraphrasing). But typically at this point we just get tired answers anyway, marketing psychobabble the company owner or whoever was told to say if any 'tough questions' came up. So that's why I like Sony. This isn't to say they're completely devoid of marketing psychobabble, cause I've seen it, but the fact they can admit where they've gone wrong and where

Sony Center store network expects 25% increase

New Link, the company that runs the Sony Center store network, forecasts a 25% increase in electronics sales this year, from around 17 million euros last year. In 2007, the company saw a 55% turnover increase. "I don't think we can match last year's growth rate. Despite the slowdown of the market's growth rate, I think we will be able to reach a 25-30% growth rate on 2007, in the second part of the year," said Nicolae Dumitrescu, sales manager of Sony Center. The market growth rate seen in the first

Sony to roll out astonishing new FED display next year

As if we didn’t already have enough acronyms and TV types to decipher, Sony now tells us to get ready for FED displays in 2009. Invented in the 70s, Sony and Motorola have stepped up research of Field Emission Display (FED) tech in the past few years, and now Sony says we can expect its first FED screens for sale at the end of next year.

May Sales Down 1% For Tandy Leather Factory

June 5, 2008 (FinancialWire) Tandy Leather Factory, Inc. (AMEX: TLF) (Current Market Cap: US$ 34.36 Mil.) said that its sales for the month of May were $4.5 million, down 1% from May 2007 sales of $4.6 million. The company s year-to-date sales are down 4% to $22.6 million in the current year from $23.5 million last year. The company s Retail Leathercraft segment posted an 8% sales increase for May, with sales totaling $2.0 million compared to $1.9 million in May 2007. The 67 comparable stores posted a 3% same store sales gain for the month. Five stores that opened in or after May 2007 added sales for the month of $86,000. Year-to-date sales for Retail Leathercraft are $10.4 million this year, up 3% over last year's sales of $10.1 million. As of the end of May, same store sales were down 3% for the year.

Sony Playstation 3 revival

At this time last year, Sony Corp.’s PlayStation 3 videogame machine looked like a dud, outsold in the U.S. two-to-one by Microsoft Corp.’s Xbox 360 and four-to-one by Nintendo Co.’s Wii. Now, Sony’s videogames business is back in the hunt. The Wii still leads in sales world-wide, but the PS3 exceeded Xbox 360 sales in the critical U.S. market during the first three months of the year, helped by an improved selection of games, a 20% price cut last fall and the lure of models with built-in Blu-ray DVD players. Sony has also continued beating Microsoft in console sales in Europe and Japan.

Sony Posts Q4 Profit, Eyes Weaker Year Ahead

Sony is forecasting lower profit for its current fiscal year, which ends in March 2009, citing an unfavorable currency swing expected in the months ahead. The company expects its profit to drop about 22 percent for the year.

Sony Phils sees inflation biting into growth this year

SONY Philippines Inc. said Friday that it sees smaller growth this year after inflation spiked to a multi-year record.

Sony sees record net profit in past fiscal year - Summary

Tokyo - Sony Corp said Wednesday that its net profit nearly tripled to a record in the past fiscal year, which ended in March, as its operating profit rose fivefold from the year before, thanks to brisk sales of liquid crystal display televisions, digital cameras and personal computers. Net profit for the Japanese home electronics company rose to 369.44 billion yen (3.55 billion dollars) from 126.3 billion yen, beating estimates, while its operating profit, which is a company's earning minus interest payments and taxes, surged to 374.5 billion yen from 71.8 billion yen.

Sony sees record net profit in past fiscal year

Tokyo - Sony Corp said Wednesday that its net profit nearly tripled to a record in the past fiscal year, which ended in March, as its operating profit rose fivefold from the year before, thanks to brisk sales of liquid crystal display televisions, digital cameras and personal computers.

Sony To Accelerate Production of Larger OLED TVs By Year's End

According to a Sony report straight from its Japan headquarters, its young OLED TV-display production unit will be funded with a $210-million investment in larger screens (over 16-inches at least) and will ramp-up by the end of 2008. This will put it in place for a full-line release of TVs in late 2009 or early 2010. Sony was the first manufacturer to launch a legitimate (if very expensive) OLED TV option, the XEL-1, late last year.

GAME Group boasts massive year-on-year sales rise, sees video gaming as mainstream entertainment

The video game industry is clearly taking no notice of the financial instability in the global economic climate. UK games retailer GAME, which now owns Gamestation, has reported a huge 86% increase in games sales year-on-year and pre-tax profits leaping from £29.5m to £75.5 million in the year to January 31st 2008.

Priceline.com Reports Financial Results For 1st Quarter 2008

Gross travel bookings increase 76% year over year; International gross travel bookings grow 100%, Domestic gross travel bookings grow 51% NORWALK, Conn.--(Business Wire)-- Priceline.com Incorporated(R) (Nasdaq: PCLN) today reported its financial results for the 1st quarter 2008. Gross travel bookings for the 1st quarter, which refers to the total dollar value, inclusive of all taxes and fees, of all travel services purchased by consumers, rose 76% year-over-year to $1.76 billion. Priceline.com had GAAP revenues in the 1st quarter of $403.2 million, a 33.8% increase over a year ago. The Company's international operations contributed revenues in the 1st quarter of $104.2 million, a 117.5% increase versus a year ago. Priceline.com's GAAP gross profit for the 1st quarter was $181.

Sony confirms movie download service coming for PS3

Sony confirms movie download service coming for PS3 Sony has confirmed that it will be bringing its anticipated movie download service to US PlayStation 3 users this summer. The PlayStation Network will be Sony's first service to offer the movie downloads and the service will move to the popular handheld PSP later in the year.

Red Hat Numbers Up

Red Hat saw earnings rise 6.6% to $17.3 million, or eight cents a share in its first fiscal quarter ended May 31 on revenue up 32% year-over-year and 11% sequentially to $156.6 million. EPS was dead flat year-over-year. Subscription revenue was $130.7 million, up 27% year-over-year and up 7% sequentially. Training and services were up 64% to $25.9 million.

Red Hat Numbers Up

Red Hat saw earnings rise 6.6% to $17.3 million, or eight cents a share in its first fiscal quarter ended May 31 on revenue up 32% year-over-year and 11% sequentially to $156.6 million. EPS was dead flat year-over-year. Subscription revenue was $130.7 million, up 27% year-over-year and up 7% sequentially. Training and services were up 64% to $25.9 million.

Red Hat Numbers Up

Red Hat saw earnings rise 6.6% to $17.3 million, or eight cents a share in its first fiscal quarter ended May 31 on revenue up 32% year-over-year and 11% sequentially to $156.6 million. EPS was dead flat year-over-year. Subscription revenue was $130.7 million, up 27% year-over-year and up 7% sequentially. Training and services were up 64% to $25.9 million.

Sony Gulf expects growth in camcorder market

Sony Gulf expects it sales of video cameras in the Mena region to grow 15% this year following the launch of the world's smallest full high-definition camcorder, reported Khaleej Times. Sony Gulf has a 55% market share in the region for camcorders, with turnover rising 17.6% to $200m last year. The company yesterday launched HDR-TG1, the latest generation Handycam and the world's slimmest and lightest camcorder.

Sony PS3 Update Locks Consoles

Sony has taken its PlayStation 3 firmware update offline after some users reported it locked their PS3 consoles. Sony says the problem only affected a few consumers, but the publicity could hurt. Also affecting Sony's image is an SQL-injection attack on Sony's popular PS3 Web site that offers a fake computer scan.

Sony PS3 Update Locks Consoles

Sony has taken its PlayStation 3 firmware update offline after some users reported it locked their PS3 consoles. Sony says the problem only affected a few consumers, but the publicity could hurt. Also affecting Sony's image is an SQL-injection attack on Sony's popular PS3 Web site that offers a fake computer scan.

Sony To Sponsor Speed Skater Klassen

Sony of Canada Ltd. is sponsoring Canadian Olympic speed-skating sensation Cindy Klassen, with six medals, Canada's most decorated Olympian. The athlete will represent Sony at events, appear in campaigns, and use the company products to promote the Sony brand. "We are very excited to be sponsoring Cindy as she trains for the 2010 Vancouver Olympics," said Doug Wilson, president and chief operating officer of Sony of Canada. Over the next two years, Klassen will focus on getting herself conditioned and in top shape for a chance to shine at the 2010 Games.

Sony to Start U.S. Movie Service for PS3

Sony says it will start a movie download service for its PlayStation 3 home console this summer in the United States. Kazuo Hirai, who heads Sony Corp.'s video game unit, said the service will be offered in Japan and Europe at later dates, although details won't be available until next month. Hirai said the company will strengthen its network services and further cut costs to achieve profitability in the Sony gaming business in the current fiscal year ending March 2009.

Sony (SNE) NewsBite - CEO's Comments Boost SNE

Sony (SNE) opened at $50.81. So far today the stock has hit a low of $50.27 and a high of $50.81. SNE is now trading at $50.48, up 2.05 (4.23%). After hitting a one-year high of $57.92 last May, the stock hit a one-year low of $39.52 in April. SNE shares are rising this morning after company CEO Sir Howard Stringer said in an interview that, despite its troubles in generating sales in its first year, SNE's PlayStation 3 console should make a comeback as popular game titles like Grand Theft Auto IV hit the market. Technical indicators for SNE are bullish and steady, while S&P gives the stock a neutral 3 STARS (out of 5) hold rating. If you’re looking for a hedged play on this stock, consider an October bull-put credit spread below the $40 range.

Sony's new powerhouse High Definition Digital Imaging range

Sony India today unveiled new models in its Digital Imaging category with the aim to offer a simple and effortless experience to its consumers to shoot, play, share and enjoy prints at home. Joining Sony India’s range are five High Definition Cyber-shot digital still cameras, two High Definition Handycam camcorders, three compact Digital Photo Printers and two all new Digital Photo Frames. Incorporating super intelligent digital technology and revolutionary features, these products provide consumers with simple and innovative ways to capture, print and share digital images. "Sony has always introduced products that redefine the market. Today's launch reiterates our commitment and sets the stage for products that are yet to come. With digital imaging playing a more significant role in consumers' lives Sony’s solutions and smart technologie

Sony misses PS3 target as annual shipments hit 9.2M

Shipments of Sony's PlayStation 3 games console came in under target at 9.24 million units in the financial year to the end of March, and Sony's gaming business remained in the red, Sony said Wednesday.

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