Sony stock price spikes up 9% after Microsoft's Xbox One presentation

Re:Sony stock price spikes up 9% after Microsoft's Xbox One ... by Steko on Tuesday May 21, 2013 @04:01PM (#5746466)

Sony Corp. (6758) rose as much as 9.2 percent in the U.S after Japan’s Nikkei newspaper reported the company is “leaning toward” spinning off its entertainment division.

http://www.bloomberg.com/news/2013-05-21/sony-jumps-on-repor...

That was super hard (typing 'Sony' into Google News). If you're looking at stock prices by yourself and trying to draw your own conclusions you'll probably end up looking like an idiot.

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Re:Sony stock price spikes up 9% after Microsoft's Xbox One ... by anywhichway on Tuesday May 21, 2013 @04:12PM (#5746525)

Sony playstation division only makes up about 10% of Sony's overall revenues (7.2 billion out of 68 billion) so it doesn't make much sense that an announcement from just one of their competitors would have such a large impact on Sony's total valuation.

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Re:Sony stock price spikes up 9% after Microsoft's Xbox One ... by rubinelli on Tuesday May 21, 2013 @04:25PM (#5746593)

Could a mod remove the editorializing from the title then, please? Considering how misleading it is?

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