Sony Slaps Senior Execs – Makes Them Give Back Pay

In a public move that will probably make more sense in Japan than it will here, Sony Corp. said on Tuesday that seven top executives will return their fiscal 2011 performance-linked bonuses. The executives affected by this decision include their … Continue reading

JVC Kenwood to Sell System Streaming Soothing Sounds of Forests

JVC Kenwood Corp. said that next spring it will begin selling a system designed to deliver the soothing sounds of the forest streamed over the Internet in real time. The company will be involved in all aspects of the system … Continue reading

New Symbol of Sony’s Suffering – Stock Drops to Lowest Level in 32 Years

In yet another sign of the decline of a once seemingly invincible technological powerhouse, shares in Sony Corp. in Tokyo closed Monday below ¥1,000 ($12.76) per share – setting a disturbing new record low. The last time the stock was … Continue reading

CE Shipments in Japan Drop Almost 34%, The Sixth Straight Month of Decline

<February 22, 2012> Shipments of consumer electronics products in Japan destined for domestic consumption dropped an amazing 33.9% for the month of January according to data from the Japan Electronics  and Information Technology Industries Association.

It’s Official – Philips Is Out of the TV Business…Globally

<February 22, 2012> The final step in a move that has been expected by some for a long time has been completed as China’s TPV Technology Ltd. shareholders approved the acquisition of the money-losing TV division from Philips Electronics. While Philips … Continue reading

S&P Cuts Panasonic’s Long-Term Debt Rating…Again

<February 22, 2012> Standard & Poors, the credit rating agency, today cut Panasonic Corp.’s long-term debt rating for the second time in only four months suggesting it continues to expect a rough road ahead for some of Japan’s most prestigious … Continue reading

TV War Won, Samsung Considers Spinning Off its Money-Losing LCD TV Business

<February 15, 2012> Samsung Electronics Co. surprised many in the industry today when it revealed that it is considering spinning-off its LCD flat-panel television business which is losing money amid a worldwide slowdown in consumer demand according to a report … Continue reading

The Apple Report – Ripe or Rotten?

<February 15, 2012> While Wall Street has been oooing and aaahhhhhing over Apple, Inc.’s stock breaching a significant price of $500 per share earlier this week…only to drop below it again in trading today (closing at $497.67)…there has been a … Continue reading

Samsung & LG Outline Aggressive TV Biz Growth Plans

<February 8, 2012> Samsung Electronics Co. and LG Electronics, Inc. plan to launch aggressive expansion of their flat panel television divisions in 2012, according to a new report in the Nikkei. And these aggressive plans contrast sharply with those of … Continue reading

S&P Cuts Sony’s Credit Rating to Just Above Junk, Issues Negative Outlook

<February 8, 2012> Credit rating agency Standard & Poor’s today cut the long-term debt rating on Sony Corporation to BBB+, just two notches above “junk” status, and further issued a negative outlook which suggests a potential further drop in the … Continue reading