Sony struggles in the digital age

[Alexander Turcic]

International Herald Tribune via Bloomberg News writes today how cooperate missteps cost electronics giant Sony $100 billion in market value.

The article cites Al Ries, an Atlanta-based marketing strategist, saying Sony's problem is that it is too big and too unfocused. The electronics unit makes everything from image sensors for digital cameras to CD players, personal computers and headphones. The entertainment side creates movies, music and video games. The financial arm houses two insurance companies and an Internet bank.

Related to Sony's dismal performance, PalmSource shares fell as much as 16% after Sony said it scrapped plans to introduce new models of its Clie handheld computer in the U.S. this year.