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March 9, 2014
16:51 EDTSNESony could rise 28%, Barron's says
Sony could see a 28% increase from a restructuring, driven by the success of the PS4, Barron's contends in its International Trader - Asia column. Reference Link
News For SNE From The Last 14 Days
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December 18, 2014
10:19 EDTSNESony hack fallout highlights value of IT security spending, analyst says
The hacking of Sony's (SNE) Sony Pictures unit shows that spending more on IT security is worthwhile for companies, Wells Fargo analyst Gray Powell wrote in a note to investors today. WHAT'S NEW: Sony has decided not release the film "The Interview" as planned on December 25, due several theater chains' plans to not show the movie amid threats, CNBC reported. The New York Times said American intelligence officials have determined that the North Korean government was “centrally involved” in the cyber attacks on Sony Pictures. Sony's experience shows that being hacked is much more costly than spending on IT security, Powell stated. After being hacked, Sony has had to cancel the release of its film "The Interview," which it spent $ 42M to make, and it will have to spend more money on fixing the security breach and defending itself against lawsuits triggered by the incident, the analyst stated. Additionally, the company's brand has been damaged, Powell believes. By contrast, Sony spends just $20M per year on IT security, the analyst roughly estimated. Incidents like the hacking of Sony will cause companies to spend a higher percentage of their budgets on IT security next year, according to Powell. He kept Outperform ratings on IT security companies Check Point (CHKP), FireEye (FEYE), Fortinet (FTNT), Palo Alto (PANW), and Proofpoint (PFPT). WHAT'S NOTABLE: Analysts at B. Riley said IMAX (IMAX) and RealD (RLD) could benefit from Sony's cancellation of "The Interview" due to the demand shift towards their respective film slates. The analyst believes both IMAX and RealD could generate an incremental 1c in EPS during the period. PRICE ACTION: In early trading, FireEye jumped 5% to $30, Palo Alto advanced 3.2% to $123.87, Proofpoint gained 2% to $47.87 and Check Point climbed 1.4% to $78.16.
07:23 EDTSNEIMAX and RealD could benefit from The Interview cancellation, says B. Riley
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December 17, 2014
18:26 EDTSNEU.S. connects North Korea to Sony cyber attack, NY Times says
American intelligence officials have determined that the North Korean government was “centrally involved” in the cyber attacks on Sony Pictures, NY Times reports. Reference Link
18:08 EDTSNEInvestigators confirm North Korea behind Sony cyber attack, CNN reports
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17:37 EDTSNECarmike Cinemas delays exhibition of "The Interview" due to Sony cyber-attack
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17:19 EDTSNESony cancels release of 'The Interview' CNBC reports
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17:00 EDTSNESony cancels release of 'The Interview' CNBC reports
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06:52 EDTSNELions Gate wanted to talk to Sony about M&A, Reuters says
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06:47 EDTSNETheater cancels Sony movie debut after threat, NY Times says
A New York movie theater canceled the New York premier of Sony's film, "The Interview," after a terrorist threat was made against theaters that show the film, according to The New York Times. North Korea has harshly criticized the movie. Reference Link
06:44 EDTSNEGoogle opponents lobbying state attorneys general, NY Times says
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06:40 EDTSNEAU Optronics should see increased orders for Ultra HD TV panels, DigiTimes says
AU Optronics (AUO) and Innolux should see increased orders for Ultra HD LCD TV panels as a result of active promotions for the TVs by Sony (SNE) and Panasonic (PCRFY), industry sources tell DigiTimes. Reference Link
06:07 EDTSNECarmike Cinemas pulls screenings of Sony's "The Interview," AP reports
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December 16, 2014
17:53 EDTSNESony hackers threaten 'The Interview' attendees, WSJ says
People claiming to be the Sony hackers said that there would be attacks like those of Sept. 11, 2001 at theaters showing the studio’s movie “The Interview,” according to The Wall Street Journal. Reference Link
13:17 EDTSNETencent, Sony make music rights deal, Re/code says
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12:51 EDTSNESony sued by former employees over data protection, Reuters says
Two former Sony employees are suing the company for failing to adequately protect their data, according to Reuters. Sony's Sony Pictures unit suffered a massive hacking attack last month. Reference Link
06:14 EDTSNESony says film studio's business remains strong, WSJ reports
Sony Pictures executives apologized in a staff meeting Monday for leaked emails and sensitive documents, The Wall Street Journal reports. Despite damage from the November hacking attack, executives said the film studio’s business remains strong. Reference Link
05:44 EDTSNESony Pictures confirms extent of cyber attack
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December 15, 2014
06:45 EDTSNESony tells media outlets to stop reporting leaked information, Reuters says
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06:03 EDTSNEAlleged Sony hackers offer to selectively withhold stolen data, Re/code reports
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06:00 EDTSNESony Pictures not shutting down film production because of hack, Deadline says
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