According to Japanese newspaper Nikkei, Sony is in talks to sell its computer business to Japan Industrial Partners. Such a deal would see Japan Industrial Partners buy the business, including the Vaio brand, for between 40 billion and 50 billion yen. The deal would result in a loss for Sony in its current fiscal year.
In the last quarter Sony lost money on its PC business. Divisions that make cameras and TVs also lost money for the electronics giant.
Sony previously denied rumors that it would sell its PC division to Lenovo, makers of the ThinkPad and IdeaPad lines of laptops.
TheStreet Ratings team rates SONY CORP as a "hold" with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:
"We rate SONY CORP (SNE) a HOLD. The primary factors that have impacted our rating are mixed -- some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its good cash flow from operations, largely solid financial position with reasonable debt levels by most measures and growth in earnings per share. However, as a counter to these strengths, we find that the company's profit margins have been poor overall."