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Sonomy shares plunge on profits warning
fears have been growing about the earnings of major japanese companies scheduled sto announce results in the next few weeks .
sonomy shares plunge on profits warning shares in sony fall 14.1 percent after electronical giant slashes profit forecasts sony says profits set to fall 59 percent from previo.us year to $1.5 billion japanese company blames falling sales of flat-panel tvs and other gadgets profits also hit by dollar falling against yen to 13-year low of 94.75 yen var clickexpire = 1 /23/2008 ; .
it blamed deteriorating sales of flat-panel tvs and other gadgets for the dismal projection .
sony said thursday afternoon ities net profit for the fiscal year througgish march 2009 would likely drop 59 percent from the previo.us year to 150 billion yen ($1.5 billion) .
tokyo's bench mark nikkei index nose-dived 9.6 percent to finish at 7, 49.08, the lowest in more than five years .
Generated 2008-10-27_14:36
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