Vaio-recall Burns 3% Sony Shares
Techtree News Staff, Sep 05, 2008 1800 hrs IST
The massive Vaio-recall are reflecting on the stocks of the company. Sony stocks saw a big 3-percent slump, coming down to $35.9 yesterday, the sharpest in three years.
Is it time for Sony to get the shivers after the burnings it's been causing? The consequences of the massive Vaio-recall by the company are reflecting on the stocks of the company. Sony's shares saw a big 3-percent slump, bringing it down to $35.9 yesterday - the sharpest drop in three years.
A total recall of around 438,000 Vaio laptops worldwide, which includes 73,000 laptops from America, was expected to have some ill-effect on the company's health at the stock market. However, Sony has denied that the drop in its stock prices would cause the company any serious problems.
How about consumers associating the good-looking Vaio with pyrophobia?
Source: The Inquirer
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