Sony posts record profit: but Asia turmoil could hurt this year's results

Article Abstract:

Japanese consumer electronics giant Sony Corp reported a second consecutive annual profit for the year ending Mar 31, 1997, but company officials admit that prospects for 1998 are not good with the Asian and Japanese financial crisis. Sony reported a group pretax profit of 453.7 bil yen, up 45% from previous year's pretax profits, with sales increasing by 19% to 6.7 tril yen. Pulling up the profits were sales of consumer products such as audio and video products which increased by 7% to 9%, as well as the sales of computer games which rose 72% due to the popularity of Sony's PlayStation.

Household audio and video equipment, Consumer Electronics, Audio and Video Equipment Manufacturing, Finance

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Swatch 'Smart' watch opens doors or pays bills with flick of the wrist

Article Abstract:

Swatch AG, a unit of SMH Swiss Corp, is set to test a new watch that uses Smart Card technology in Australian establishments. The card is being developed jointly with Card Technologies Australia Ltd and features a computer chip imbedded in the unit which functions very much like a Smart card that can electronically store cash and other useful data. The watches are to be handed out to a number of Australians for testing and a nationwide launch is planned by the end of 1997 if all goes well.

Magnetic Cards, Magnetic and Optical Recording Media Manufacturing, Watches, clocks, watchcases & parts, Watch, Clock, and Part Manufacturing, Electronic Watches, Innovations, Column, Clock and watch industry, Clocks and watches, Clock industry, Watch industry, Clocks, Watches, Smart cards, Swatch AG

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Sony, Sharp team up to develop large-screen flat-panel displays

Article Abstract:

Sony Corp. and Sharp Corp. have agreed to cooperate with each other in developing new large-screen, flat-panel displays. Executives from the two firms stated that initial development work will center on a 40-inch flat-panel display with a wide viewing angle. Compact computer displays as well as 20- and 50-inch wall-hanging TV sets will follow later. The agreement marks the first joint development project between the two Japanese electronics giants.

Other Electronic Component Manufacturing, Display Devices, Product development, Display devices (Electronics), Sharp Corp. (Osaka, Japan)

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