Thursday, August 24, 2006

More Issues at Sony

Just announced about an hour ago, Apple Computer (NASD: APPL) is recalling 1.1 million laptop batteries made by--guess who--Sony. Yep, the same company who supplied batteries for the millions of laptops being recalled by Dell (NASD: DELL). Fabulous news for Sony.

And, the hits keep coming for the Japanese company. Mitsubishi UFJ Securities is downgrading its rating on Sony (NYSE: SNE) today citing possible difficulties in procuring components for its PlayStation 3 game console.

Two questions: How many people are getting fired, eh em...laid-off? And, how many shareholder lawsuits are going to pop-up in the next few weeks?

Stay tuned!!!!

I'll have an article out this afternoon on www.DiligentInvestor.net on the Sony Swoon!!

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