Sony Corp (ADR) (NYSE:SNE) top executives will return their annual bonuses as the company’s electronics business struggles with losses, the Nikkei reported. About 40 executives involved with the electronics and headquarters operations will give up amounts equivalent to 30-35 percent of their annual pay as proposed by Chief Executive Kazuo Hirai, the daily said. Sony Corp (ADR) (NYSE:SNE) net profit margin is 1.40% and weekly performance is 0.74%. On last trading day company shares ended up $17.64. Analysts mean target price for the company is $21.51. Sony Corp (ADR) (NYSE:SNE) distance from 50-day simple moving average (SMA50) is -2.41%.
Panasonic Corporation (ADR) (OTCMKTS:PCRFY) a leading provider of business telephone systems1, announced the KX-UTG200B and KX-UTG300B (Session Initiated Protocol) SIP phones, the latest additions to its lineup of advanced UT Series SIP-based telephones. Designed to enhance communications and lower operating expenses, the new SIP endpoints provide businesses an affordable and user-friendly SIP telephony solution with plug and play simplicity and flexible configuration options. Panasonic Corporation (ADR) (OTCMKTS:PCRFY) shares advanced 3.04% in last trading session and ended the day on $10.85.
Toshiba Corp (USA) (OTCMKTS:TOSYY) and its U.S. partner SanDisk Corp. said they would convert an existing facility at its jointly operated chip plant in central Japan to produce 3-D NAND flash memory from as early as 2016. Within the next five years, Toshiba said it would aim to develop a next-generation-memory chip that can store about 16 times more data than existing flash memory chips. Toshiba Corp (USA) (OTCMKTS:TOSYY) shares moved up 0.90% in last trading session and was closed at $23.49, while trading in range of $23.41 – $23.60.
Micron Technology, Inc. (NASDAQ:MU) announced a new enterprise-class solid state drive (SSD) designed specifically for data center storage platforms. Enterprise applications are experiencing tremendous new demands for greater data throughput due to rapid growth in mobile applications, cloud services and connected devices. Micron’s new M500DC SATA SSD addresses this growing need by providing the performance and data protection features of an enterprise-class drive at a great value. Micron Technology, Inc. (NASDAQ:MU) ended the last trading day at $27.63. Company weekly volatility is calculated as 2.83% and price to cash ratio as 6.57.Micron Technology, Inc. (NASDAQ:MU) showed a positive weekly performance of 3.56%.
Alcatel Lucent SA (ADR) (NYSE:ALU) was downgraded by Craig Hallum from a “buy” rating to a “hold” rating in a research note issued on Friday, TheFlyOnTheWall. Alcatel Lucent SA (ADR) (NYSE:ALU) shares moved up 0.74% in last trading session and was closed at $4.09, while trading in range of $4.06 – $4.13. Alcatel Lucent SA (ADR) (NYSE:ALU) year to date (YTD) performance is -7.05%.