Thursday, May 16, 2013

Investor Asks Sony to Focus on Image Sensors

Daniel Loeb, CEO of Third Point LLC, the largest owner of Sony Corp. stock, published an open letter asking Sony to focus on few profitable areas, image sensors among them:

"Sony Electronics’ many strong businesses, led by dedicated employees, are similarly obscured today by a lack of Focus. For example, Sony’s Image Sensor business is large, rapidly growing, and profitable, but its contribution is masked by loss-making legacy semiconductor businesses. We see clear paths to increasing Sony Electronics’ value if investors turn their attention to its profitable franchises and product cycles as management continues to streamline Sony’s product offerings to improve profitability. These initiatives will benefit from the capital investment made possible by our proposed Sony Entertainment transaction."

The letter is discussed by Financial Times, The Motley Fool, Bloomberg, Reuters, and other major business news sources.

1 comment:

  1. Asking the obvious, american manufacturers are outclassed and outpriced.

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