Cyber attacks will probably hurt Sony

Article Excerpt

SONY CORP. ADRs $20 (New York symbol SNE; Conservative Growth Portfolio, Manufacturing & Industry sector; ADRs outstanding: 1.2 billion; Market cap: $24.0 billion; Price-to-sales ratio: 0.3; Dividend suspended in September 2014; TSINetwork Rating: Average; www.sony.com) recently lost digital copies of its upcoming movies to online intruders. If the thieves post these films on the Internet, it would likely hurt future sales of both cinema tickets and DVDs. The company also recently announced that it would stop making cheaper mobile phones for emerging markets and focus on higher-priced models for developed nations. Severance costs and other expenses will widen its expected loss to $1.38 per ADR in the year ending March 31, 2015, from $1.21 in 2014. Sony is still a hold. hold. …