Sony to delay release of full-year financial results
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(InfoWorld) - Sony will delay the release of its full-year earnings by about three weeks due to stricter U.S. accounting rules, the company said Wednesday. Sony had been due to release its earnings for the fourth quarter and full year, from April 2006 to March 2007, at the end of April but has decided to push this back to May 16. It blamed the delay on the tougher rules that have come into effect under the Sarbanes-Oxley Act, which also applies to foreign companies, such as Sony, that are listed in the U.S. The law, which came into force in 2002, introduced strict financial reporting and corporate governance requirements. A larger amount of paperwork is required to comply with the act's provisions, and that's taking time, Sony said. Until several years ago, most Japanese IT companies announced their full year earnings in mid-May. In recent years, the Tokyo Stock Exchange has been trying to persuade companies to finalize their accounts within a month and announce their results in late April just ahead of the week-long "golden week" holiday in Japan. Hitachi said in February that it would also delay the release of full-year earnings until May.
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LOS ANGELES/TOKYO  - Sony said on Wednesday it   would delay the launch of its PlayStation 3 game machine in   Europe and other regions to March from November due to   inadequate supply of a key component, missing the critical   Christmas shopping season.
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Sony's game unit announced the rollout of Skype VoIP services for the handheld would be delayed in Japan due to microphones not meeting specifications.
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It&#39;s another black eye for Sony. After closing its online music store in August, news comes that the entertainment giant is delaying the opening of its online community for  the PlayStation 3.
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Sony has conceeded that issues with Blu-ray technology within the PlayStation 3 will delay the console's launch in Europe, but not in the United States and Japan. Console supplies in those countries, however, will be limited.
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Sony Corp. has announced a fresh delay to the launch of the PlayStation 3 (PS3) games console in Europe, pushing back the rollout there of one of its most important new products until March next year.
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CHIBA, Japan  - Sony Corp said on Thursday it would postpone the launch of its "Home" virtual community service for its PlayStation 3 game console to early next year, the latest setback in its video game battle with Microsoft Corp and Nintendo Co Ltd.
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SEPTEMBER 02, 2004 (REUTERS) - Nortel Networks Corp. said today it will again delay filing its financial results, predicting the reports for 2003 and the first half of 2004 won&#39;t be out until the end of October.
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Electronics giant Sony cuts its operating profit target for this business year by almost a third, blaming falling product prices.
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Sony Corp. plans to cut capital expenditures at its semiconductor operations by a "large amount," a company executive said Tuesday, weeks after the electronics giant reported a drop in profits for the latest quarter.
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Electronic Data Systems Corp. on Monday said it will delay reporting its third-quarter financial results until Nov. 3 to evaluate whether the company needs to impair assets related to its Navy Marine Corps intranet account.
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NEW YORK - Computer and server maker Dell Inc. said Thursday it is delaying the filing of its full third-quarter results as it continues to investigate some of its accounting practices.
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Sony cuts full-year forecast by 3%, Matsushita warns on effects of high oil prices and competition. TOKYO  - Sony Corp. Thursday reported a quarterly profit gain thanks to the &quot;Spider-Man 2&quot; hit movie
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Sony Corp. 6758.T said on Wednesday it   would delay the European launch of its PlayStation 3 (PS3)   video game console by about four months to March and cut its   target for shipments this year by half.
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Computer and server maker Dell Inc. said Thursday it is delaying the filing of its full third-quarter results as the company and regulators continue to investigate some of its accounting practices.
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- Shaw Group Inc.  said it will delay the filing of its second and third quarter results with U.S. regulators, due to the restatement of its first-quarter results.
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Sony Corp. (6758.T) said on Tuesday it  would postpone the launch of a new Walkman music player by a  week in Japan due to malfunction of microchips used in the  machine -- the latest delay in a product offering from the  world's second-largest consumer electronics maker.