Electronic equipment manufacturing behemoth Sony Corporation (SNE – Analyst Report) announced a string of small-scale internal restructuring actions, in a bid to achieve a leaner operating structure for accelerating future growth.
Despite the companys earnest efforts, investors were unmoved as the share price fell 3.6% to close at $21.51 during the regular trading session on Feb 23. A murky macroeconomic scenario was the probable reason behind this downward price movement, with Dow Jones and Nasdaq indexes recording declines of 1.14% and 1.47%, respectively.
Restructuring Actions
Sony had announced that its subsidiary Sony Storage Media and Devices Corporation (SSMD) and Sony Semiconductor Solutions Corporation (SSS) w…
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