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Author: tenshuma Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 847  
Subject: CNN Article has some insights Date: 9/10/2006 2:29 PM
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http://money.cnn.com/2006/09/08/news/companies/sony_movies/index.htm?postversion=2006090815

One mutual fund manager who owns shares of Sony said he's confident that the company will continue bulking up its presence in all forms of media. James McGlynn, manager of the Summit Everest fund, said that he expects Sony to become even more aggressive since Sony's CEO Howard Stringer, is a media veteran, having previously worked at CBS for 30 years.

"If Sony didn't have the media component, we wouldn't own it," McGlynn said. "It's interesting to see how Stringer will whittle Sony down to become more media oriented. He is a media guy running the company."

To that end, McGlynn said he doesn't rule out the possibility that Sony could eventually spin off its media and entertainment division since the media assets may be able to get a higher valuation than the much-larger consumer electronics division, which is a business that often is plagued by intense price competition.


-T
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