Friday, September 5, 2008

sony recalls nearly 5,00,000PCs worldwide




shares in sony plunged 2day after the company was forced to recall hundreds of thousands of vaio laptops since it was reported that some models caught fire n injured the owners.
shares in sony reduced by 4% and it is considered to be the largest fall in almost 3yrs , following the sudden recall of 4,38,000 PCs worldwide.
In 2006 it was forced to recall 10m lithium ion batteries ,since it created fear that it could overheat n get fire.sony had announced that it would provide a free repair in 48 countries including the U.K and U.S .
Analyst have speculated that this could a big loss to sony's earnings. The firm's share have dropped to 4.2% in Tokyo today.

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