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Politics : Formerly About Applied Materials

AMAT 281.82

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2:40 PM EST

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To: Proud_Infidel who wrote (36032)	7/25/2000 10:10:32 AM
From: csmith	Read Replies (1) of 70976

The world's No. 2 electronics maker plans to tap the domestic bond market for as much as 300 billion yen ($2.8 billion) to ramp up production of chips for its PlayStation 2 game console to keep pace with demand and repay debt. bloomberg.com Tokyo, July 25 (Bloomberg) -- Sony Corp., one of the 15 worst- performing stocks on Japan's Nikkei 225 index this year, is hoping its debt gets a kinder reception from investors. It might not be a vain hope. ``Sony has a high name value, and a decent credit rating, so anything they issue would tend to make for a good buy,'' said Yousuke Miyake, senior portfolio manager at Nissay Asset Management Co., with assets of around 7 trillion yen.

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