Nikkei Shoots to Fresh Highs; US Rally Supports
Sony Corp
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This week on "Talking Squawk": David Tepper's "My Cousin Vinny" market call, Cisco's John Chambers, Bloomberg's "Surveillance," the IRS, the AP, and big hair and Sony.
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Shares of Sony jumped nearly 5% to a five-year high on Friday after a newspaper said its operating profit would more than sextuple this year on strong sales of flat TVs and thePlayStation 3.
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Nintendo raised its sales and profit forecasts for the business year just ended for the fourth time on Thursday, citing robust demand for its DS handheld games.
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Fujitsu will cut spending on its microchips this business year and slow the capacity expansion at its latest semiconductor plant due to sluggish demand for game console chips.
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Got in last night to the huge CTIA Wireless Show here in Orlando, and hit the ground running. Went straight from the airport to our live-shot podium and was on the air about 30 minutes after I landed. First, it was "Fast Money." Then, about 40 minutes later, live on "On the Money." Not a lot of time to synthesize the material, but the message was clear: an entire industry gearing up for a fight against Apple Inc., and its iPhone isn't even here!
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This weekend was just another normal weekend for those who are called some of the most marketable female athletes – another weekend without a win. Many following in the footsteps of Anna Kournikova, who pulled in $15 million a year in endorsement deals, despite going 0-for-122 in singles events throughout her career on the WTA Tour.
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The brave Spartan soldiers of "300" enjoyed a one-sided victory at the North American box office for a second weekend, making light work of critically lambasted new challenges from Sandra Bullock and Chris Rock.
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Stocks closed down sharply in its second-worst daily decline of the year as the woes in the subprime mortgage market continued to rattle the major markets, particularly financial stocks."I don't this is over," said Patrick Fay, director of equity trading at DA Davidson, in an interview with CNBC.com. "The market has been overdone for a while and it needs a correction."
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OK, that may be an exaggeration, but wow, what a difference a year makes. The giant Electronics Entertainment Expo that rolled into Los Angeles every year, with 60,000 crazed gamers, will be dramatically scaled back this year to an intimate 5,000 attendees. And that means the Computer Games Developer Conference in San Francisco this week, with its 16,000-plus conventioneers, now ascends to the top spot as the industry's biggest gathering.
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Sony plans to lower the production cost of its PlayStation 3 game consoles by using less expensive chips, aiming to turn these operations profitable between September and March of next year, the Nikkei business daily reported on Friday.
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Sony will delay its annual earnings report by a few weeks as it grapples with the extra paperwork needed to comply with tougher U.S. accounting rules.
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Sony and Immersion said they have settled their long-simmering patent dispute over the vibration technology that shakes video game controllers, and will work together to bring the so-called "rumble" function back to PlayStation products.
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The Warner Bros. film was released on DVD just two weeks ago, the third of the best-picture nominees to hit retail shelves, and its Oscar buzz is likely to lead to increased sales.
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Sony Chief Executive Sir Howard Stringer said it wouldn't make sense to break up the company's businesses in a digital age.
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The U.S. Federal Trade Commission said Sony BMG agreed to settle charges that it secretly embedded potentially damaging anti-piracy software in some of its CDs.
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Japanese electronics giant Sony reported a drop in quarterly profit Tuesday, but boosted its earnings outlook for the full year.
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The first shots in the war for the microprocessor of the future have been fired over the weekend. The two leading chipmakers, Intel and IBM, came out with similar announcements this weekend that they have made major advancements in microchip technology. Jim Goldman had the story for “Morning Call” from San Jose, CA.
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Japanese game maker Nintendo on Thursday posted a 40% rise in quarterly profit, driven by blistering sales of its DS handheld machine, and stood by its forecast for record-setting annual earnings.
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Shipments in Japan of the new PlayStation 3 video game machines reached 1 million Tuesday, Sony said, hitting the company's target about two weeks behind schedule.
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Nintendo sold 604,200 of its new Wii video game consoles in the U.S. in December, beating Sony, which sold 490,700 units of its new PlayStation 3, according to retail market research firm NPD.
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Warner Bros just unveiled its new Total HD format - works on either Blu-Ray or HD DVD player - guaranteeing that Warner is one company that can't lose in this format war. With The Beatles song, "So Happy Together," playing loudly on the speakers, and "One Disc For All" heralded up on the big screens, Warner Bros Chairman and CEO, Barry Meyer, looked a lot happier than...