Sony Plans New Company

Posted by Bill Belew on May 6th, 2010 in Japanese Products | Comments Off

Sony Corp announced that together with an investment fund it will set up a new company with 25 billion yen ($230 million) in capital.

The company, Field Emission Technologies, Inc. will focus on developing advanced displays for flat-panel TVs.

Field Emission Technologies will be established on Dec. 18th. and be based in Tokyo.

The company will study until June 2008 to determine whether or not the display can be manufactured and sold commerically.

Sony sucked up a giant loss in the battery recall fiasco. The company is a couple of years away from getting its money back on PS3.

And, it still has $230 million that it can invest in this project.

I don't think Sony is hurting.

What do you think?

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