A stunning leap to the top at Sony; hardware, move over: the new boss is a booster of movies
Article Abstract:
Sony Corp surprised many when it chose Nobuyuki Idei to become its new president, a reflection of the company's interest in its entertainment concerns. The 57-year old executive was tapped over executives with more seniority to lead the company into a new era without its visionary co-founder, Akio Morita. The transition comes at a difficult time for Sony as the company reported $3.2 billion in write-offs and losses in 1994 as a result of cost overruns, box-office flops and management problems. The company's electronics hardware business is stifled by shrinking margins and some say the company has lost the flair that made it an industry innovator. In choosing Idei, Sony is attempting to bolster its movie and record industry businesses. These are part of the broad category of software the company considers vital to its success.
Publication Name: The New York Times
Subject: Business, general
ISSN: 0362-4331
Year: 1995
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Japan pushing information software
Article Abstract:
Digital Vision Laboratories is being formed by seven Japanese conglomerates to compete with US companies for dominance in the multimedia industry. The companies include: Fujitsu Ltd; Hitachi Ltd; Matsushita Communication Industrial Company Ltd; NEC Corp; Sony Corp; Toshiba Corp and Ascii Corp. The joint venture is being funded by Japan's Ministry of International Trade and Industry through a five-year financing plan worth approximately $60 million. Digital Vision was formed because Japanese industry and government officials believe their strength in manufacturing consumer electronic goods will not be enough to sustain the country in the future. They believe software and telecommunication engineering will be key strategic industries in the future, two industries which are not Japan's current strengths.
Publication Name: The New York Times
Subject: Business, general
ISSN: 0362-4331
Year: 1995
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Revamping said to be set at Microsoft; alignment by customers instead of product lines
Article Abstract:
Microsoft Corp.'s president, Steven Ballmer, a former sales and marketing executive, changes the company's structure from a programmer-product/technology axis to a customer/markets axis. Sources speculate that one group will handle large corporate customers, another consumers. This may postpone indefinitely the company's plan to merge the consumer-oriented Windows 98 OS with its more robust corporate cousin, Windows NT. There is also word that MS wants Brad Silverberg back from leave to head the consumer division. Mr. Silverberg went on leave after the company decided to make its Internet Explorer Windows-only compatible, a decision he opposed.
Publication Name: The New York Times
Subject: Business, general
ISSN: 0362-4331
Year: 1999
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