Sony has slashed its earnings guidance for the third time this year. Investors are furious and the stock is down nearly 2 percent this morning. Sony now expects a $130 billion yen loss ($1.3 billion). _Sony’s market cap once nearly $70 billion now sits at around $20 billion. The stock is down from an all time high of $157 / share to $17 / share. On Thursday Sony also cut its forecast for operating profit to 26 billion yen ($254.53 million) for the business year ended in March from a previous estimate of 80 billion yen and down from an initial forecast of 230 billion set last May. Kazuo Hirai took over as Sony’s CEO two years ago promising big changes and a return to profitability. Now some are calling for his resignation and he is facing increasing pressure from activist investors to spin off more businesses._ Hirai recently brokered a deal to sell off Sony’s VAIO PC unit, but it appears this decision will come at some cost._The company...

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