Semiconductor Business: Sony and Japanese Market

semiconductor business: A representative for Sony declined to comment, according to The Japan Times. Friday's move gives it a gain of about 3 percent for the year, roughly in line with the Japanese market. Sony's shares rose 3.1 percent in Tokyo after Loeb's Third Point published a letter and 102-page presentation pushing for changes at the Japanese media and electronics giant, including potential sales of its stakes in a financial affiliate and companies such as Spotify Technology SA. ; If Sony spins off the semiconductor business and executes on its long-term vision, the new entity could be worth 35 billion within five years, according to the New York-based hedge fund firm. We rarely find companies like Sony that have a depressed valuation, high-quality underlying businesses, numerous options for portfolio optimization, and a capable management team, Third Point said on a website entitled A Stronger Sony. Rather than just an uncut rough stone buried inside Sony's portfolio. As a standalone public company listed in Japan, Sony Technologies would be a showcase for Japan's technology capabilities. (news.financializer.com). As reported in the news.