Sony Corporation (SNE)Stringer's Blu-Ray Win May Fail to Spur Sony Growth
Bloomberg - February 21, 2008
Submitted by ItachiItachi (463)
at 4:01AM PST on February 21, 2008
Feb. 21 (Bloomberg) -- Sony Corp. Chairman Howard Stringer's triumph over Toshiba Corp. may not be enough to prevent earnings growth from slowing.
Morgan Stanley and Mitsubishi UFJ Securities Co. say they don't plan to raise forecasts for Sony after Toshiba, the leading promoter of the HD DVD format, on Feb. 19 said it will shut the business for high-definition video players, surrendering to Sony's Blu-ray.