Tag Archives: sne

Taiwan Semiconductor Downgraded On Inventory, Issues

Taiwan Semiconductor Manufacturing (TSM) stock fell Monday to its 50-day line, after the company got downgraded late Sunday due to excess inventory and other issues. In a research report, Michael McConnell, an analyst for Pacific Crest Securities, downgraded TSMC to underperform from sector perform. He has no price target on the company. TSMC is the leading chip industry foundry. Its customers include Sony (SNE), Qualcomm (QCOM), Nvidia (NVDA) and

Sony eyes virtual reality games with Morpheus headset

Sony (SNE) is leading the current generation of video game consoles with its PlayStation 4, and next year it hopes to dominate the emerging field of virtual reality with its Project Morpheus. Sony Late Tuesday, the Tokyo-based company announced that it has sold more than 20.2 million units of its PS4 console as of Sunday, nearly 16 months after its launch. Sony’s PlayStation 4 has a wide lead over Microsoft ‘s (MSFT) Xbox One and Nintendo ‘s (NTDOY) Wii U consoles. Last month, research firm Strategy Analytics predicted that Sony’s PS4 will have a global active installed base of 80 million units by 2019, compared with 57 million for Microsoft’s second-place Xbox One.

GoPro stock digs a 6-month low on bearish comments

GoPro (GPRO) stock fell to a six-month low on Friday after negative comments by Oppenheimer analyst Andrew Uerkwitz. Uerkwitz, who rates  GoPro (GPRO) as underperform, reiterated his bearish stance on the action camera maker during an appearance late Thursday on CNBC. Uerkwitz said investor enthusiasm over GoPro’s media strategy is unwarranted. GoPro’s efforts to build an audience on YouTube for videos shot with its cameras are peripheral to its core hardware business, he said. “Anybody that’s trying to value GoPro on a media strategy doesn’t fully understand the story and should really look at this as a hardware play,” he said. While GoPro has successfully fended off competition from the likes of Garmin (GRMN), Panasonic, Sony (SNE) and others, that could prove more difficult going forward.