Sony Corporation's (Sony) 4Q 09 revenues were marginally above our expectation, while adjusted operating loss was lower than our estimate. Considering the deterioration in global economic conditions and Management's weak outlook for FY 2010 sales and operating performance, we are likely to revise our estimates downwards. However, we expect the company's cost reduction initiatives to benefit the company over the next 2 years....

Sony Corporation’s (Sony) common stock price has appreciated significantly since our previous company news alert, dated 29 January 2009.We believe appreciation in the common stock price is primarily associated with positive investor sentiments following the company’s announcement of aggressive reorganisation plans for its Electronics and Games segments, which is likely to support the company’s process of unveiling new product offerings and improve profitability, going forward....

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Sony Corporation’s (Sony) revenues are below our expectation for 3Q 09. Sony has revised its FY 2009 revenue and profitability guidance downwards, which are below our expectations. Consequently, we will further revise downwards our estimates to reflect the weak Management outlook and further weakening global economic conditions. Based on our weak fundamental outlook for the common stock, we maintain our SELL rating and will…