Lakeway, TX -- (SBWIRE) -- 02/19/2013 -- Bestdamnpennystocks, an investment community with a special focus on updating investors with recent news on the U.S. stock market, issues news alert on the following stocks:-
Sony Corporation (ADR) (NYSE:SNE) is expected to unveil its next PlayStation console this week but is not expected to go on sale until sometime this fall.
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It has been seven years since Sony has launched its PlayStation 3 and has sold about 77 million units of the console globally but of present it has faced challenge from Microsoft’s Xbox, as well as seismic changes in the overall industry as smartphones and tablet have become powerful game platforms in their own right — with games themselves frequently sold for $1 or given away.
Analyst Colin Sebastian of Robert W. Baird told MarketWatch “Sony and Microsoft have to convince consumers that there is a compelling reason to upgrade to the new hardware.”
Based on various leaks Sony may shift to using off-the-shelf chip components, with Advanced Micro Devices expected to win the key slots for the central-processor and graphical-processor units.
“You’re going to get a box that’s 4-8 times faster than what’s currently out there, with a commodity CPU-GPU combination,” Michael Pachter of Wedbush Securities said the main technical innovation the new console may offer “will be to up the frame-rate and have more things on the screen at once.”
“Nothing is going to be as striking as the move from standard-def to high-def. That was huge,” said Doug Creutz of Cowen & Co.
Shares of Sony Corporation rose by 31 cents or 2.16% to $14.65 in the morning session.
Advanced Micro Devices, Inc. (NYSE:AMD) former chief Hector Ruiz has written a book that memorializes his bet-the-company decision in 2005 to file an antitrust case against its much larger rival, Intel, a volume of roughly 200 pages that comes with heavy doses of David versus Goliath imagery. It’s called “Slingshot,” and subtitled “AMD’s Fight To Free An Industry From The Ruthless Grip Of Intel.”
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Although Intel never accepted wrong doings, but in a 2009 settlement it did pay Advanced Micro Devices $1.25 billion.
“We don’t believe that we violated any law and consumers benefited from our business practices,” said Chuck Mulloy, an Intel spokesman.
The book cites multiple examples of big U.S. and Asian PC makers getting excited about using Advanced Micro Device’s products, only to back away or reduce their commitments under what Ruiz describes as Intel financial inducements or threats.
The book even adds how Ruiz and other Advanced Micro Devices executives developed their legal strategies.
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