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Third point wants to unlock value in Sony chip business.

NYSE:SNE   SONY CORP SPON ADR EACH REPR 1 ORD
Today it has been reported by Reuters that Sony are under pressure from Third Point to spin of its semiconductor business which would unlock massive value for investors and CASH FOR THE COMPANY TO REINVEST.
“Sony’s semiconductor business is dramatically underappreciated by the market despite its position as the global leader in image sensors with over 70% revenue market share of the smartphone image sensor market,” Loeb wrote.
He has also suggested cashing in on investments Sony has made in other companies such as Spotify and Olympus.
His 108 page document was not received in a hostile nature but welcomed, and will be considered. Keep watch on this stock Loeb has already unlocked value for investors since his involvement.

AVERAGE ANALYSTS PRICE TARGET $68
AVERAGE ANALYSTS RECOMMENDATION OVERWEIGHT
P/E RATIO 8.10

COMPANY PROFILE
Sony Corp . engages in the development, design, manufacture, and sale of electronic equipment, instruments, devices, game consoles, and software for consumers, professionals and industrial markets. It operates through the following segments: Game and Network Services, Music, Pictures, Home Entertainment and Sound, Imaging Products and Solutions, Mobile Communications, Semiconductors, Financial Services, and All Others. The Game and Network Services segment deals with gaming machines, software and network services. The Music segment produces and publishes music and provides image media platforms. The Pictures segment handles film production, television program creation, and media networks. The Home Entertainment and Sound segment offers LCD televisions, home audio, Blu-ray Disc players and recorders, and memory-based portable audio devices. The Imaging Products and Solutions segment provides digital imaging products, professional solutions, and medical goods. The Mobile Communications segment deals with mobile phones and internet services businesses. The Semiconductors segment provides image sensors and camera modules. The Financial Services segment manages the life insurance and non-life insurance operations and banking business. The All Other segment includes personal computer ( PC ) business, overseas Blu-ray Disc, DVD and CD manufacturing, and battery business. The company was founded by Akio Morita and Masaru Ibuka on May 7, 1946 and is headquartered in Tokyo, Japan.
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