TITLE

Sony's Outlook Bleak

AUTHOR(S)
Lee, Michael
PUB. DATE
January 2009
SOURCE
Red Herring;1/22/2009, p5
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the business outlook of Sony for 2008 and 2009. The company revised lower its earnings guidance to a $1.7 billion net loss for the 2008 fiscal year. Sony has pointed to the ailing global economy, the appreciation of the yen, and lower-than-expected sales for the predictions. The company also announced plans to outsource some of its software development, offer an early retirement plan, and trim the salaries and bonuses of various executives and managers.
ACCESSION #
36602913

 

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