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.

Japan, Product standards, safety, & recalls, Sales, profits & dividends, Radio & TV communications equipment, Radio and Television Broadcasting and Wireless Communications Equipment Manufacturing, Cellular Mobile Tel Equip, Product defects and recalls, Wireless telephones, Company sales and earnings, Sony Corp., Cellular telephone equipment industry, Company earnings/profit, SNE, Product bug fix/bug patch/maintenance upgrade

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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.

Netherlands, Finance, Supply and demand, Koninklijke Philips Electronics N.V., PHD

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