S&P 500
7,226.20
+0.01%
Dow Jones
49,494.60
-0.62%
Nasdaq 100
27,685.40
+0.66%
Russell 2000
2,804.78
-0.02%
FTSE 100
10,364.50
0.00%
Nikkei 225
59,260.50
-0.78%

Consumer Electronics

Dubai Buys Piece Of Sony (SNE)

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Published
Follow 24/7 Wall St. on Google
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

Money is money. Or, so they say. Dubai International Capital says that it has bought a big piece of Sony (SNE) according to The Wall Street Journal

Cash rich funds from Arab nations are buying up parts of everything from stock exchanges to troubled US tech companies like AMD (AMD).

Unlike stock market shares or tech company interests, Sony has no "strategic" value to the Japanese government. The company makes TVs and video games. The problem is not quite the same with some US firms because the financial markets and high tech are considered near and dear to the heart of the American government, at least according to some Congressmen.

Dubai is probably picking a smart time to get into Sony. Its LCD business is doing very well, and its studio business is healthy. Recent word indicates that PS3 sales are moving up due to price cuts. But, Sony’s shares trade at about $49, off their 52-week high of about $60. Any substantial improvement in earnings at the company’s video game division could earn the new investor a pretty good return.

Douglas A. McIntyre

Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

Continue Reading

Douglas A. McIntyre |

Microsoft (MSFT) Cuts Xbox Price, Damns Nintendo

Microsoft (MSFT) has decided that it would rather be the video game market share leader than make a buck at…
Douglas A. McIntyre |

Nintendo Claims It Still Beats Rivals, Even If Evidence Says Otherwise

Nintendo says it is doing remarkable well, especially in America. Recent data from the industry show that sales of the…
Jon C. Ogg |

Video Game Console Hype Already Too High Before Console Launches?

courtesy GameStop Corp.It is very well known that the video game sector is about to get an entire refresh cycle.…
Douglas A. McIntyre |

Sony (SNE) Will Have To Sell Its Studio Business, Could Get $6 Billion

Sony (SNE) is in trouble, and it is very deep trouble. For the fiscal year ending March 31, the conglomerate…
Douglas A. McIntyre |

Eight Great Tech Brands Losing Money

It is a trend in the consumer electronics business — manufacturers rise to become industry leaders only to be outshone…
3 Stocks to Watch as Video Game Sales Make a Solid Rebound
247patrick |

3 Stocks to Watch as Video Game Sales Make a Solid Rebound

With the video game industry making a gradual recovery, it might be advisable to consider investing in these three video…
3 Audio Video Stocks Worth Watching in a Flourishing Industry
247patrick |

3 Audio Video Stocks Worth Watching in a Flourishing Industry

These stocks are likely to benefit from investments in cutting-edge technology solutions that create better communications experience.
Douglas A. McIntyre |

The Power Of Branding: Apple (AAPL) iPhone’s Extraordinary Margins

Software is supposed to be a high margin business and hardware a sector in which most companies struggle with gross…
Douglas A. McIntyre |

Some Investment Advice For Dubai (YHOO)(HD)(GE)(MO)(DELL)

Now that Dubai International Capital has bought a piece of Sony (SNE), it must have a lot more capital to…

Top Gaining Stocks

Cboe Global Markets
CBOE • Vol: 1,568,143
New Pluto Global
PSKY • Vol: 12,285,993
Seagate Technology
STX • Vol: 7,378,346
Oracle
ORCL • Vol: 26,317,675
Datadog
DDOG • Vol: 6,247,779

Top Losing Stocks

LKQ
LKQ • Vol: 4,367,433
Clorox
CLX • Vol: 13,260,523
Stryker
SYK • Vol: 4,519,455
Mohawk Industries
MHK • Vol: 1,859,865
Amgen
AMGN • Vol: 3,818,618