Japanese Stocks Rise; Sony Reaches Highest in More Than 4 Years

[Pumpkin Head]

Sony, the maker of the Playstation 3 game console, jumped 230 yen, or 3.8 percent, to 6,230, the highest close since July 9, 2002. Matsushita Electronic Industrial Co., which sells Panasonic-brand products, added 20 yen, or 0.9 percent, to 2,380. NEC Corp., the nation's largest personal-computer maker, climbed 20 yen, or 3.3 percent, to 627.

Koya Tabata, an analyst at Credit Suisse in Tokyo, raised his recommendation on the consumer electronics industry to ``overweight'' from ``market weight'' in a note to clients dated yesterday. Tabata named Sony as his top pick.
http://www.n4g.com/ClickOut.aspx?ObjID=25197

[Rip3001]

Sony is teh doomed?

[VG Aficionado]

I bet you that Kotaku, Joystick, 1UP and others won't report this.

[jaxmkii]

Sony is teh dOOmed there stocks cost too much! nobody will want them now!

[totobeni]

Sony is teh doomed?

doom n gloom baby

I bet you that Kotaku, Joystick, 1UP and others won't report this.

positive news on Kotaku and joystick ? nope...rumor and false news ..hell yeah..

...they even never report anything about how Blu-ray completely beat HD-DVD in the format war or Phil's information about about background downloading .

[Rip3001]

Sony is teh dOOmed there stocks cost too much! nobody will want them now!

6,230 yen paperwieght.

[VideoGame mania]

Sony is teh doomed?

Yep, I'm starting to miss bad news and more FUD :cry2:

[Viper]

6,230 yen paperwieght.

You paid too much for your paperweight. Does it do anything else?


:stirpot:

[Sephiroth_VII]

Sony is teh dOOmed there stocks cost too much! nobody will want them now!
I'll bet you 6.230 yen that IGN will spin it that way...
You paid too much for your paperweight. Does it do anything else?


:stirpot:

Nope, but it's made of pure gaming 1337ness :angel:

[Coded-Dude]

You paid too much for your paperweight. Does it do anything else?


:stirpot:

I used my indestructible paper weight to obliterate my Wii...... :matrix:
PS3 is teh 1!

[cliffbo]

talking of paper weights... whats the news on the HD-DVD add on for the 360?

[Shogun042]

ZOMG SONY STOCK IS TOO EXPENSIVE LIKE PS3!!!!!111oneone1

this is sweet though, seems that although Sony is taking a big loss on the PS3 it doesn't affect the company as a whole that much.

[OmniCloud]

@Cliffy Can't be that good...seeing as if HD-DVD aren't doing incredibly well....

Wait...was that sarcasm?:doh:

[xbdestroya]

I understand that a lot of us here like when Sony is doing well, and a strong stock price can be seen as a reflection of this. But keep in mind that their stock price is tied to much more than PS3, and indeed PS3 is not the cause of the recent rise. This being a PS3 forum... :smoke: