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Earnings
Sony, Toshiba not so hot — slack sales lead to weak Q2 results

By Paul Boutin, 11:40 AM on Tue Jul 29 2008, 146 views (Edit, to draft, Top, Slurp)

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Sony missed expectations for the second quarter of 2008, posting a 47 percent fall in net profit to $326 million. Sony execs blamed weak phone sales. Toshiba reported a loss of $108 million, blaming a downturn in semiconductor sales.

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