I have no problem admitting I'm a Sony
So yes, I'm biased when it comes to Sony (and I'm not alone).
Today, when I saw headlines about Sony expecting much better results next year, thanks to higher electronics sales and smaller videogaming losses, I immediately thought, "short-term improvement." Sony's line of LCD TVs is selling very well, but in a few years, Matsushita
On the turnaround front, Sony has also made progress on reducing the number of models it needs to manage, shutting down excess capacity, and selling off assets that it doesn't need. Sony also has its electronics business operating margin up to its target of 4%. It still, however, has to get the overall operating margin up to 5%, but with losses from the gaming business set to decline this appears achievable.
That's not to say Sony is a slam dunk, even if the shares are up more than 5% today. Sony still has an uphill climb to regain share in the music player business from Apple
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Nathan Parmelee had no financial interest in any of the companies mentioned. The Motley Fool has an ironclad disclosure policy.