Key Developments: Sony Corp (SNE.N)

SNE.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Sony Corp cancels dividend for FY 2015
Wednesday, 17 Sep 2014 02:00am EDT 

Sony Corp:Resolved to cancel the mid-year and year-end dividend for the FY ending March 2015.Says the dividend amount was an undermined value in latest forecast.  Full Article

Sony Corp amends consolidated full-year outlook for FY 2015
Wednesday, 17 Sep 2014 02:00am EDT 

Sony Corp:Says the company amended the consolidated full-year outlook for the FY ending March 2015.Revenue at 7,800 bln yen.Amended operating profit to a loss of 40 bln yen.FY 2015 revenues of 7,750.89 billion yen – Thomson Reuters I/B/E/S.  Full Article

Teradek announces collaboration with Sony Corp
Friday, 12 Sep 2014 05:00am EDT 

Teradek:Collaboration to integrate Sony's wireless camera adapter (CBK-WA100 and CBK-WA101) with Teradek's T-Rax and Slice H.264 decoders.Integration offers broadcasters a powerful point-to-point MPEG-2 solution for HD live video transmission from the field to TV stations or ENG trucks.  Full Article

Sony Corp completes delisting from London Stock Exchange
Friday, 29 Aug 2014 03:45am EDT 

Sony Corp:Completed delisting from London Stock Exchange on Aug. 29 (London time).Plan disclosed on July 30.  Full Article

Sony Corp to establish joint venture with Japan Display and Panasonic Corp and to transfer business to joint venture
Thursday, 31 Jul 2014 02:00am EDT 

Sony Corp:Executed an agreement to establish a new company, JOLED Inc. to integrate Sony and Panasonic’s R&D functions for organic light-emitting diode (OLED) display panels, with Innovation Network Corporation of Japan (INCJ), Japan Display Inc. and Panasonic Corporation.INCJ and Japan Display will respectively hold 75 pct and 15 pct of the voting rights in JOLED, and Sony and Panasonic will each hold 5 pct.Companies aim to accelerate the development and early commercialization of OLED display panels.JOLED is scheduled to be launched in January 2015.To transfer OLED display panels business to JOLED on Jan. 5, 2015.JOLED to deliver 18,000 shares and undetermined amount preferred stock to Sony.  Full Article

Sony to apply for delisting from London Stock Exchange
Wednesday, 30 Jul 2014 02:00am EDT 

Sony Corp:To apply for delisting from London Stock Exchange due to low trading volume on July 30.Delisting date around Aug. 29.  Full Article

Sony Corp to sell land to Sony Life Insurance Co Ltd
Monday, 28 Jul 2014 02:00am EDT 

Sony Corp:Says to sell land to subsidiary Sony Life Insurance Co Ltd at price of 52.8 bln yen.Says selling expected complete in the middle of September.  Full Article

Sony Corp increases production capacity for stacked CMOS image sensors
Wednesday, 23 Jul 2014 02:00am EDT 

Sony Corp:Plans to invest in Sony Semiconductor Corporation's Nagasaki Technology Center and Kumamoto Technology Center, to increase its production capacity for stacked CMOS image sensors.This investment forms part of Sony's mid - to long-term plan to increase its total production capacity for image sensors to approximately 75,000 wafers per month.Says expected to increase the current capacity of approximately 60,000 wafers per month to approximately 68,000 wafers per month in Aug. 2015.  Full Article

Sony Corp recalls VAIO Flip PC laptops due to fire and burn hazards
Tuesday, 1 Jul 2014 12:35pm EDT 

Sony Corp:Recalls personal computers of about 680.Says computers' lithium-ion batteries can overheat, posing fire and burn hazards.This recall includes Sony's VAIO Flip PC laptops with model number (product name) SVF11N13CXS.Computers were sold in three colors silver, black and pink.They have Panasonic-manufactured lithium-ion battery and a folding touch screen that measures about 11.6 inches diagonally and a backlit keyboard.Says products recalled are sold at Sony retail stores nationwide and online from Feb. 2014 to April 2014 for about $800.  Full Article

Sony Corp subsidiary SONY PICTURES TELEVISION to acquire CSC MEDIA GROUP
Thursday, 26 Jun 2014 05:00am EDT 

Sony Corp:Subsidiary Sony Pictures Television (SPT) reached an agreement to acquire entire shares of CSC Media Group (CSC) in the UK for about 107 million pounds, or about 18,000 million yen on June 26 (British time).Under the agreement, SPT will own and operate the 16 ad-supported channels in the company’s portfolio, pending regulatory approval.  Full Article

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Third Point's Loeb urges breakup of biotech company Amgen

BOSTON - Hedge fund manager Daniel Loeb told investors on Tuesday he urged U.S. biotechnology company Amgen Inc to split into two separate businesses, a move he said could boost its share price by more than 80 percent.

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