Sony may suffer first loss in 14 years at

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Old January 14th, 2009, 09:26 PM   #1
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Sony may suffer first loss in 14 years

TOKYO (Reuters) -- Japan's Sony Corp will likely suffer an annual operating loss of about $1.1 billion, its first such loss in 14 years, due to sluggish sales and a stronger yen, a person with knowledge of the matter said.

Shares of Sony tumbled 9%, slicing $2 billion off its market value to $22 billion, while rival Toshiba Corp. dropped more than 8% after Japanese media said it too was headed for a big loss this financial year.

Full article: Sony may post first annual operating loss in 14 years - Jan. 13, 2009
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