Sony cuts profit forcasts

The electronics giant Sony is cutting their forcasted profits this year due to lack luster PSP sales, a global recall of notebook batteries, and of course their dropped price of the PS3 in Japan.

The cut is around 38 percent of what they had originally aimed at.

I can see the selling of stock now.

"With regard to PS3, although we expect to record a loss for the business during its initial launch phase within the current fiscal year, we look forward to the successful worldwide deployment and expansion of the platform," said the manufacturer.

*shivver* I'll believe it when I see it. Always the optimist huh Sony?

\\drew