sne posts
FeedPosted Nov 21st 2009 12:40PM by Tom Johansmeyer (RSS feed)
Filed under: Amazon.com (AMZN), Sony Corp ADR (SNE), Media World, Technology
Take the Nook off your Christmas list. The new e-reader from Barnes & Noble (BKS) has already sold out, and more won't be available until after the holiday has passed. The next batch will be available, at best, by November 4, 2010.
In a statement, the company said, "While we increased production based on the high consumer interest, we've sold out of our initial Nook allotment available for delivery before the holidays." If you still want to give the device as a holiday gift, Barnes & Noble will give you a gift certificate to tide the recipient over until the device itself comes around.
Continue reading No more Nookie 'til next year, says Barnes & Noble
Posted Nov 19th 2009 2:50PM by Steven Mallas (RSS feed)
Filed under: Earnings reports, Microsoft (MSFT), Sony Corp ADR (SNE), Activision Inc (ATVI), Nintendo (NTDOY)

GameStop (
GME) posted what I thought was a mediocre
third quarter. Total sales went up about 8%, and earnings per share increased a few pennies to 31 cents. When you think video games, you think growth. That doesn't feel like growth, does it? Not the kind that sends a stock to the moon, certainly. Furthermore,
same-store sales saw a decrease of 7.8%, driven by lackluster hardware transactions. Indeed, we may be hitting a point in the console cycle where the demand for systems from Sony (
SNE), Microsoft (
MSFT), and Nintendo (
NTDOY) has essentially been satiated.
Here's the big question on the mind of traders: unimpressive Q3 or not, should GameStop be bought now?
Continue reading GameStop: Not the greatest quarter, but a buy nonetheless?
Posted Nov 16th 2009 8:20AM by Steven Mallas (RSS feed)
Filed under: Walt Disney (DIS), Sony Corp ADR (SNE), Film, Lions Gate Entertainment (LGF)
Last week, I discussed my disappointment with Disney's (DIS) A Christmas Carol. As a shareholder of the Mouse, I remain dissatisfied with the performance. However, this past weekend's theatrical take of the film makes me a little happier.
According to early estimates at Box Office Mojo, Carol scored about $22 million at domestic theaters, making it the second most popular film of the three-day period. Sure, it wasn't number one, but given the fact that Carol made $30 million last weekend, I'd say you have to give it some credit for avoiding a significant percentage drop. So far, it has generated more than $60 million in revenue.
Continue reading Disney's 'A Christmas Carol' didn't die off in second weekend
Posted Nov 12th 2009 6:00PM by Steven Mallas (RSS feed)
Filed under: Earnings reports, General Electric (GE), Time Warner (TWX), Walt Disney (DIS), Viacom (VIA), Sony Corp ADR (SNE), CBS Corp 'B' (CBS), News Corp'B' (NWS), Media World, Marvel Entertainment (MVL)
Disney (DIS), the media company behind Mickey Mouse and Buzz Lightyear, and whose colleagues in the industry include CBS (CBS), General Electric's (GE) NBC Universal, News Corp. (NWS), Sony Corporation (SNE), Time Warner (TWX), and Viacom (VIA), reported results for Q4 and the full fiscal year on Thursday after the bell. While the bottom line came in ahead of expectations, I have to say that the release was disappointing to this shareholder.
Earnings on an adjusted basis for the quarter came in at 46 cents per share, higher than the number predicted by analysts. Unfortunately, as I go through the data, I don't think I'm too comforted by such income performance.
Continue reading Disney's Q4: Bob Iger beats Wall Street, but he needs a better plan for the studio
Posted Nov 9th 2009 9:30AM by Steven Mallas (RSS feed)
Filed under: General Electric (GE), Walt Disney (DIS), Sony Corp ADR (SNE), Film
Disney (DIS) had high hopes for A Christmas Carol. It was supposed to be an unqualified blockbuster. Unfortunately, the film's first weekend at the box office was nothing short of a disaster.
Too strong? Hardly. According to early estimates at Box Office Mojo, Carol took in little more than $30 million at domestic screenings. It was wasn't supposed to be like this. Carol was supposed to be light-years ahead of the competition. Sony's (SNE) Michael Jackson's This Is It came in second. The Men Who Stare at Goats, distributed by Liberty Capital Group's (LCAPA) Overture Films, was third. And The Fourth Kind, from General Electric's (GE) Universal, is currently ranked, aptly enough, in fourth place. Each of the latter three pictures had a gross of somewhere between $12 million and $14 million. To me, Carol's take didn't seem as disproportionate as it should have been.
Continue reading Disney's 'A Christmas Carol': Investors not in a merry mood?
Posted Nov 6th 2009 10:20AM by Steven Mallas (RSS feed)
Filed under: Earnings reports, Sony Corp ADR (SNE), Electronic Arts (ERTS), Activision Inc (ATVI), Technology, Nintendo (NTDOY)
Activision Blizzard (NASDAQ: ATVI) published third-quarter results on Thursday after the bell. I can't say I was wholly taken with them. I know the best is probably yet to come once the Christmas shopping season really gets under way, but I was a little disappointed that the company saw a decline in adjusted profit.
Excluding items, Activision Blizzard made 4 cents per share this quarter versus the 7 cents per share made in last year's similar period. Well, did I say I was a little disappointed? Make that a lot disappointed. After all, this is supposed to be the publisher with the best pipeline on the block, the one with the Guitar Hero franchise and a great portfolio of licensed intellectual properties.
Continue reading Activision Blizzard's Q3: Am I right to be bearish?
Posted Oct 31st 2009 4:10PM by Trey Thoelcke (RSS feed)
Filed under: Earnings reports, Allergan (AGN), Aetna Inc (AET), TD AmeriTrade Holding (AMTD), RadioShack Corp (RSH), Goodyear Tire and Rubber (GT), E*TRADE (ETFC), Visa Inc. (V)
Continue reading Earnings highlights: Aetna, Allergan, E*Trade, Goodyear, RadioShack, SAP, Visa ...
Posted Oct 31st 2009 10:10AM by Trey Thoelcke (RSS feed)
Filed under: Daimler (DAI), Sprint Nextel Corp (S), AFLAC Inc (AFL), Avon Products (AVP), Kellogg Co (K), Hershey Co (HSY), Procter and Gamble (PG), BP p.l.c. ADS (BP), McGraw-Hill Companies (MHP), General Dynamics Corp (GD), Nintendo (NTDOY)
Continue reading Earnings highlights: Aflac, Avon, BP, Hershey, Kellogg, Nintendo, P&G, Sprint ...
Posted Oct 29th 2009 2:50PM by Tom Johansmeyer (RSS feed)
Filed under: Microsoft (MSFT), Apple Inc (AAPL), Sony Corp ADR (SNE), Nintendo (NTDOY)
If the Wii were still cool, Nintendo (OTC: NTDOY) wouldn't have had to take a heavy hand to its full-year earnings forecast. The company's profit fell 52% year-over-year for the past quarter, due in large part to a decline in the game's popularity. Demand has slipped, with Sony (NYSE: SNE) and Microsoft (NASDAQ: MSFT) gaining ground with the core market of zealous gamers. Also, it's seen its position eroded by Apple's (NASDAQ: AAPL) iPhone, which is picking up some momentum as a gaming platform.
Nintendo's Q3 operating profit dropped to JPY64 billion ($709 million), falling far short of the analyst estimate of JPY90 billion. For the year ending March 2010, the company has chopped its forecast to JPY370 billion, far lower than the analyst expectation of JPY442.8 billion.
After dominating the gaming industry for the past three years, Nintendo's Wii gave up its position in the top spot to Sony's PlayStation 3 last month. The company has also been hurt by an increase in the value of the yen, which has hurt all Japanese exporters. Yet, even by local standards, Nintendo isn't measuring up. Its stock price is down 28% this year, compared to a 14% increase in the Nikkei 225.
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