Sony Edges Up Despite Shipment Delays of New Playstation2 - TheStreet

Sony

(SNE) - Get Report

rose 1.1% in early trading, despite an announcement of parts shortages, which will slow shipments of its PlayStation2, due to launch in the U.S. on Oct. 26. Sony's shares had fallen in Tokyo on the announcement.

Yet, videogame makers, whose shares have tumbled in recent weeks, were higher this morning.

Electronic Arts

(ERTS)

was up 3.7% after

Credit Suisse First Boston

raised it to storng buy from buy, and

Activision

(ATVI) - Get Report

was up 4.5%.

THQ

(THQI)

jumped 12.2% after saying Sony's problems would not affect its earnings expectations.

Meanwhile, chipmaker and PlayStation supplier

LSI Logic

(LSI) - Get Report

reaffirmed its guidance for the third quarter, saying its projections already reflect Sony's scaled-back launch. LSI's shares were up 3.3% in early trading.