Isabel's Feed
May 27, 2011

Sony restoring game network in Asia; to testify in U.S.

TOKYO/NEW YORK (Reuters) – Sony Corp said it will start restoring its PlayStation videogame network in Japan and elsewhere in Asia on Saturday, more than a month after a massive security breach leaked personal details on tens of millions of accounts.

The Japanese electronics and entertainment giant also said on Friday it plans to testify before U.S. lawmakers at a hearing on data security in Washington on June 2 to address what is thought to be the biggest Internet security breach in history.

May 27, 2011

Sony restoring more game network; to testify in US

TOKYO/NEW YORK, May 27 (Reuters) – Sony Corp
(6758.T: Quote, Profile, Research, Stock Buzz)(SNE.N: Quote, Profile, Research, Stock Buzz) said it will start restoring its PlayStation
videogame network in Japan and elsewhere in Asia on Saturday,
more than a month after a massive security breach leaked
personal details on tens of millions of accounts.

The Japanese electronics and entertainment giant also said
on Friday it plans to testify before U.S. lawmakers at a
hearing on data security in Washington on June 2 to address
what is thought to be the biggest Internet security breach in
history.

May 26, 2011

Sony cautious on profit forecast after quake, hacking

TOKYO, May 26 (Reuters) – Sony Corp forecast a
lower-than-expected net profit for this year as the consumer
electronics and entertainment conglomerate battles the
after-effects of the disastrous March earthquake and a series of
network security breaches.

Havoc to supply chains and the physical damage caused by
Japan’s earthquake and tsunami has clouded Sony’s near-term
prospects in its home market.

May 25, 2011

Japan’s Softbank to join solar power drive

TOKYO (Reuters) – Softbank Corp, Japan’s third-largest mobile phone operator, will help build about a dozen large solar power plants across the country and is willing to commit hundreds of millions of dollars in investment to boost a lagging renewable energy sector.

The company’s billionaire president, Masayoshi Son, has become a prominent advocate of alternative energy during a two month nuclear crisis in quake-hit northeast Japan, but insisted his new project would not lessen Softbank’s focus on telecommunications.

May 24, 2011

Toshiba cautious on nuclear, eyes renewables

May 24 (Reuters) – Toshiba Corp said it may need to
push back by several years a target to capture 39 orders for
nuclear reactors and that it would expand sales in renewables,
amid tighter safety standards in the wake of the crisis at the
Fukushima Daiichi nuclear plant.

Orders for four AP1000 reactors in China are on target, but
approval delays in the United States and other countries could
block the firm’s goal to expand nuclear sales to 1 trillion yen
($12.2 billion) in four years, Toshiba said.

May 23, 2011

Sony to post $3.2 billion annual loss on tax write-offs

TOKYO (Reuters) – Sony Corp said it expected to post a $3.2 billion net loss for the year that ended on March 31 due to a write off on tax credits, the latest in a string of grim headlines for the consumer electronics giant.

The maker of PlayStation video games, Vaio computers and Bravia TVs has been battling to recover from the devastating Japan earthquake in March, and more recently, a series of computing hacking attacks that affected more than 100 million user accounts.

May 19, 2011

Toshiba to buy meter maker Landis+Gyr for $2.3 billion

TOKYO (Reuters) – Japanese electronics manufacturer Toshiba Corp said on Thursday it will buy unlisted Swiss-based meter maker Landis+Gyr in a deal valued at $2.3 billion, including debt, in a bid to move into the promising overseas smart grid market.

The deal, which had been well flagged to the market, comes as Toshiba’s hopes of growing profits in its nuclear power division are being overshadowed by the crisis at Japan’s tsunami-hit Fukushima reactor, and utilities around the world focus on smart grids as a means of saving energy and cutting carbon emissions.

May 19, 2011

Toshiba to buy Swiss meter maker Landis+Gyr for $2.3 bln

* Toshiba aims to leap into global smart grid market

* Toshiba declines to comment on financing of deal

* Toshiba has yet to determine impact on 2011/12 earnings

* Landis+Gyr EBITDA $215 million in year to March 2011

(Adds comment, details)

By Isabel Reynolds

TOKYO, May 19(Reuters) – Japanese electronics manufacturer
Toshiba Corp said on Thursday it will buy unlisted
Swiss-based meter maker Landis+Gyr in a deal valued at $2.3
billion, including debt, in a bid to move into the promising
overseas smart grid market.

The deal, which had been well flagged to the market, comes
as Toshiba’s hopes of growing profits in its nuclear power
division are being overshadowed by the crisis at Japan’s
tsunami-hit Fukushima reactor, and utilities around the world
focus on smart grids as a means of saving energy and cutting
carbon emissions. [ID:nL4E7GH09K]

May 16, 2011

Sony begins restoring PlayStation after security breach

TOKYO (Reuters) – Sony (6758.T: Quote, Profile, Research, Stock Buzz) said it had begun restoration of its PlayStation Network games service on Sunday, almost a month after a massive security breach of the network forced the company to shut it down.

Gamers and security experts had criticised Sony for its handling of the incident, which sparked lawsuits and cast a shadow over its plans to combine the strengths of its content and hardware products via online services.

May 15, 2011

Sony says begins restoring PlayStation Network Sunday

TOKYO (Reuters) – Sony said it had begun restoration of its PlayStation Network games service on Sunday, almost a month after a massive security breach of the network forced the company to shut it down.

The company had been criticized by gamers and security experts for its handling of the incident, which cast a shadow over its plans to combine the strengths of its content and hardware products via online services.