Feeds

Sony to do what Apple can't: Remove its batteries - sources

Bankers keen to chop off energy arm and sell it

Security for virtualized datacentres

Sony is considering selling off its battery business, Sony Energy Devices, and at least three investment banks have offered to help.

Getting the biz on the market would help the stumbling entertainment giant to cut costs and give it some cash to put towards its restructuring, sources muttered in the general direction of Reuters.

The unit formerly known as Sony Eveready employs 2,700 people, and had sales last year of $1.74bn, but Sony said it wants to focus on gaming, digital imaging and new businesses such as medical devices.

To restructure and streamline, Sony will cut 10,000 staff from across its empire, close some of its facilities and offload units including its chemical business.

Anyone willing to purchase Sony Energy Devices is likely to be a foreign buyer since Japan's other top electronics firms are also struggling against a strong yen and a global disinterest in big-ticket gear. Lithium-ion batteries are increasingly popular, but competition is fierce and margins are low.

But the Japanese government may stall a sale to a foreign company; it usually prefers to broker deals between the nation's companies and banks to keep everything within its borders.

Sony said in April that it would consider "possible alliances" in the battery market, but hasn't said anything publicly about selling the energy business. ®

Security for virtualized datacentres

More from The Register

next story
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
Israeli spies rebel over mass-snooping on innocent Palestinians
'Disciplinary treatment will be sharp and clear' vow spy-chiefs
Apple CEO Tim Cook: TV is TERRIBLE and stuck in the 1970s
The iKing thinks telly is far too fiddly and ugly – basically, iTunes
Huawei ditches new Windows Phone mobe plans, blames poor sales
Giganto mobe firm slams door shut on Microsoft. OH DEAR
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Found inside ISIS terror chap's laptop: CELINE DION tunes
REPORT: Stash of terrorist material found in Syria Dell box
Show us your Five-Eyes SECRETS says Privacy International
Refusal to disclose GCHQ canteen menus and prices triggers Euro Human Rights Court action
prev story

Whitepapers

Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.