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Battery recall decimates Sony profit
AP   Friday, 27 October 2006

Sony Corp.'s PR staff Tomomi Matsui displays the electronic giant's new PC Vaio type U, VGN-UX50, in a Tokyo file photo from May 18, 2006. Sony's profit plunged 94 percent in the lastest quarter as a global battery recall and red ink in its video-game business hurt the Japanese electronics and entertainment company. (AP Photo/Junji Kurokawa, File)AP - A global battery recall and red ink in its video-game business decimated Sony's profits in the most recent quarter, the Japanese electronics and entertainment company said Thursday.


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Sony's profit plunges 94 percent in 2Q
AP   Thursday, 26 October 2006

Sony Corp. Executive Vice President and Chief Financial Officer Nobuyuki Oneda reacts to questions after he announced the troubled company's earnings forecast revision at a press conference in Tokyo Thursday, Oct. 19, 2006. Sony's profit nose-dived 94 percent for the second fiscal quarter as a global battery recall and red ink in its video-game business battered the Japanese electronics and entertainment company, the Tokyo-based manufacturer said Thursday Oct. 26, 2006. (AP Photo/Shizuo Kambayashi)AP - Sony's profit plunged 94 percent for the July-September quarter as a global battery recall and red ink in its video-game business hurt the Japanese electronics and entertainment company.


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A Nielsen Family ... of Gamers?
The Motley Fool   Thursday, 19 October 2006
The Motley Fool - Tons of hardware and software are sold each year in the video game industry (2005 saw revenues of $10.5 billion in the United States), and the sector is poised to grow in the years to come. Technological advances allow for titles so sophisticated that they're almost like interactive theatrical pictures these days. Because of this, video games are stealing viewers from mainstream television, causing major headaches for broadcasting entities.
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Sony: Profit down on recalls, price cuts
AP   Thursday, 19 October 2006

Laptop computers are on display at an electric and electronic store in Tokyo Monday, Oct. 16, 2006. Sony slashed its fiscal year profit forecasts Thursday because of costs from a massive global recall of laptop batteries and price cuts in Japan for the next-generation PlayStation 3 video game console. Sony Corp. now expects group net profit of 80 billion yen (US$673 million; euro536.5 million), down from the 130 billion yen (US$1.1 billion; euro880 million) it had forecast in July. (AP Photo/Koji Sasahara)AP - Sony slashed its profit full year forecast Thursday because of costs from a global recall of laptop batteries and price cuts in Japan for the next-generation PlayStation 3 video game console.


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Sony cuts 2006/07 outlook on battery recalls
Reuters   Thursday, 19 October 2006

A recalled notebook battery made by Sony is displayed in an undated photo. Sony Corp. on Thursday lowered its annual profit forecast by 62 percent, hit by heavy costs for a series of recalls of its laptop PC batteries and a cut in the price of its upcoming game console, PlayStation 3. (U.S. Consumer Product Safety Commission/Handout/Reuters)Reuters - Sony Corp. (6758.T) on Thursday lowered its annual profit forecast by 62 percent, hit by heavy costs for a series of recalls of its laptop PC batteries and a cut in the price of its upcoming game console, PlayStation 3.


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THQ: Yes Wii Can!
The Motley Fool   Wednesday, 18 October 2006
The Motley Fool - THQ (Nasdaq: THQI - News) had an ugly trading session yesterday. After an analyst downgrade, shares closed 3.4% lower. Still, the company's got good news in the form of a press release on the publisher's initial foray into games for Nintendo's (OTC BB: NTDOY.PK - News) Wii.
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A Bully in Your Portfolio
The Motley Fool   Tuesday, 17 October 2006
The Motley Fool - There's a new bully in town today as Take-Two Interactive (Nasdaq: TTWO - News) releases its already controversial Bully video game. The game takes place at the fictional Bullworth Academy, where, as a new student, you face the stereotypical social dilemmas and warring cliques that are a part of high school life. Along the way, you will ultimately choose whether you wish to bully the bullies. And here is where the game has found some resistance from critics, who believe the game is inappropriate for easily influenced kids.
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IRS to Tax Your Second Life?
The Motley Fool   Tuesday, 17 October 2006
The Motley Fool - How real is the virtual world? Real enough that the IRS may want a piece of the digital action. Congressional economists are beginning to weigh the question of how to tax digital assets amassed in multiplayer online games such as World of Warcraft and Second Life, Reuters reports.
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Online bet firms sell U.S. operations
AP   Saturday, 14 October 2006

Online gambling company Sportingbet Plc has sold the U.S. operations of its Sportsbook.com online casino to existing managers and a group of private investors, Sportsbook.com said on Thursday. REUTERS/FileAP - British-based online gaming companies began cashing in the chips of their U.S. operations Friday as President Bush signed a bill aimed at restricting Internet gambling in the United States.


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Nintendo Wii Preorders To Begin Friday
TechWeb   Friday, 13 October 2006
TechWeb - GameStop and EB Games will begin taking $50 deposits to reserve an uncoming Nintendo Wii gaming console.
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PokerStars says U.S. gaming ban does not cover poker
Reuters   Thursday, 12 October 2006

A screen grab of PokerStars.com. The world's second-biggest Internet poker firm, PokerStars, said on Thursday that a looming U.S. ban on online gaming would not apply to poker as a game of skill, and business would continue as usual. (www.pokerstars.com/Reuters)Reuters - PokerStars, the world's second-biggest Internet poker firm, said on Thursday that a looming U.S. ban on online gaming would not apply to poker, as it is a game of skill, and its business would continue as usual.


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