Google TV deal helps both Sony and Intel

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SONY CORP. ADRs $30 (New York symbol SNE; Conservative Growth Portfolio, Manufacturing & Industry sector; ADRs outstanding: 1.0 billion; Market cap: $30.0 billion; Price-to-sales ratio: 0.4; Dividend yield: 0.9%; WSSF Rating: Average) has teamed up with INTEL CORP. $21 (Nasdaq symbol INTC; Conservative Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 5.6 billion; Market cap: $117.6 billion; Price-to-sales ratio: 3.1; Dividend yield: 3.0%; WSSF Rating: Above Average) and Internet search-engine provider Google Inc. (Nasdaq symbol GOOG). Under this new alliance, Sony will build television sets that use Intel’s chips and Google’s search and software expertise. The new sets will let viewers search and download videos from the Internet without an external computer. Sony will start selling the new sets in time for the 2010 Christmas shopping season. This alliance should give Sony a competitive advantage over other television makers. Sony is a buy. The deal also cuts Intel’s reliance on computer sales for growth. Intel is a buy. buy…