Sony may suffer first loss in 14 years at DVinfo.net

Ervin Farkas · January 14th, 2009, 10:26 PM

TOKYO (Reuters) -- Japan's Sony Corp will likely suffer an annual operating loss of about $1.1 billion, its first such loss in 14 years, due to sluggish sales and a stronger yen, a person with knowledge of the matter said.

Shares of Sony tumbled 9%, slicing $2 billion off its market value to $22 billion, while rival Toshiba Corp. dropped more than 8% after Japanese media said it too was headed for a big loss this financial year.

Full article: Sony may post first annual operating loss in 14 years - Jan. 13, 2009

January 14th, 2009, 10:26 PM	#1
Ervin Farkas Inner Circle Join Date: Aug 2005 Location: Atlanta/USA Posts: 2,515	Sony may suffer first loss in 14 years TOKYO (Reuters) -- Japan's Sony Corp will likely suffer an annual operating loss of about $1.1 billion, its first such loss in 14 years, due to sluggish sales and a stronger yen, a person with knowledge of the matter said. Shares of Sony tumbled 9%, slicing $2 billion off its market value to $22 billion, while rival Toshiba Corp. dropped more than 8% after Japanese media said it too was headed for a big loss this financial year. Full article: Sony may post first annual operating loss in 14 years - Jan. 13, 2009 __________________ Ervin Farkas www.AtlantaLegalVideo.com