SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Formerly About Applied Materials
AMAT 325.15+2.3%3:59 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: StanX Long who wrote (60748)2/20/2002 2:55:31 AM
From: StanX Long  Read Replies (1) of 70976
 
Sony to post growth, Matsushita downbeat
February 19, 2002 Posted: 7:59 PM HKT (1159 GMT)

asia.cnn.com

TOKYO, Japan -- Defying a succession of downward earnings revisions in Japan's electronics sector, industry leader Sony Corp. is expected to post a surge in its operating profit in the year to March 2003.

But this piece of encouraging news could not be taken as a sign that the crippling info-tech slump is nearing its end, especially since other Japanese electronics makers, including Matsushita Electric Industrial Co Ltd is predicted to post grim profit results.

The Japanese Nihon Keizai Shimbun daily reported on Tuesday Sony's operating profit is expected to double in the year to March 2003.

But the report is in stark contrast to a series of dim profit news from other Japanese electronics makers, including Matsushita Electric Industrial Co Ltd, maker of Panasonic goods.

Sony is expecting a surge in earnings as restructuring winds down, PlayStation 2 investments pay off, and weak yen aid overseas earnings, the newspaper said.

Without citing sources, the business daily said Sony's consolidated operating profit would likely bounce to back to 270 billion yen ($2 billion).
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News