Sony to take charge to pay for cellular phone recall
Article Abstract:
Sony Corp. is taking a first quarter charge of about $95 million to pay for the recall of 560,000 flawed Web-enabled cellular telephones. About 30 million Japanese use such phones as these. Sony had recalled hundreds of thousands of phones before as has Matsushita Communication Industrial. Such problems are due to almost maniacal competition where products are rushed to market. Sometimes complaints escalate into recalls via zealous chat room users. Web-enabled phones are also very complicated.
Publication Name: The New York Times
Subject: News, opinion and commentary
ISSN: 0362-4331
Year: 2001
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Europe electronics maker expects a loss; Philips sees loss for the quarter and possibly red ink for the year
Article Abstract:
Royal Philips Electronics reports it is losing money and says its semiconductor business is declining. The firm does not expect a quick turnaround in European telecommunications and computer firms, to which its own business cycles are tied. Sales from its semiconductor division may fall as much as 25 percent in the second quarter compared to the previous quarter, and may result in an operational loss of about $150 million.
Publication Name: The New York Times
Subject: News, opinion and commentary
ISSN: 0362-4331
Year: 2001
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Comment about this article or add new information about this topic:
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