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[Kon Tiki]

http://www.businessweek.com/investor/content/apr2005/pi20050428_9047_pi010.htm

Sony posted a March-quarter loss of 56 cents per share, vs. a 39-cent loss, wider than our estimate of a 37-cent loss on weaker operating margin in the electronics segment than we expected. Looking ahead, we expect continued price pressure in digital consumer products to continue to squeeze margins in the electronics segment, which we believe will likely outweigh additional restructuring savings of about $680 million expected in fiscal 2006 (ending March). We are slightly decreasing our fiscal 2006 earnings per share estimate to 64 cents. Based on blended discounted-cash-flow and relative valuation, we are lowering our target price by $6 to $33.

Awaits GS spin.

 

[midnightguy]

I don't see any gaming related or Sony game division news here. just general Sony news. doesn't this belong in off-topic forum? maybe it does have something to do with the the game division though, but all i see is stock info

 

[Matlock]

Just out of boredom, I ran their fy 2004 numbers through an altman z calculator, and they brought up a 1.61 or so.

1.8 or below is of note because that can signify you're going towards bankruptcy.

 

[demi]

I don't see any gaming related or Sony game division news here. just general Sony news. doesn't this belong in off-topic forum? maybe it does have something to do with the the game division though, but all i see is stock info

IT'S RIGHT THERE. LOOK HARDER.

 

[Lunar Aura]

Hey now there's some info you can take to the BANK!

 

[FightyF]

^^^ For some reason I laughed.

Anyways, this is great news for [insert competitor here].

Seriously though...I see the PS3 only helping Sony, and perhaps after E3 things will rebound.

 

[StoOgE]

More or less Sony is betting the bank on PS3 correct?

I mean, its a safe bet.. but who knows.

 

[Unison]

More or less Sony is betting the bank on PS3 correct?

I dunno, it seems that Sony's too big to be utterly destroyed if CELL/PS3 flops, but it will certainly be far worse off if it does, since the Gaming division is one of its few bright spots.

 

[EclipseGST]

I dunno, it seems that Sony's too big to be utterly destroyed if CELL/PS3 flops, but it will certainly be far worse off if it does, since the Gaming division is one of its few bright spots.

but a lot of the hardware costs goes to the electronic division so the gaming division only always sees profit...or i could be wrong.

 

[Culex]

I can see the Gamespot article now.....

Sony makes shareholders more money!

In a move that comes hot off the heels of the PSP outselling the DS at a faster pace than ever, Sony's stock is now listed as 'strong sell'. Consumers rejoice. Originally listed by the S&P as 'hold', shareholders may now sell their Sony stock, cashing in huge gains.

Interviewed yesterday was Sony's Ken Kutaragi.

"I sold all my stock in Sony last month, and seeing the markets today, I also should have waited, too."

With this recent turn of events, we believe the PSP will now be ahead of the DS by Summer.

More from Gamespot as this story breaks.