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Sony Corp (NYSE:SNE): Current Price $14.94
Sony Corp (NYSE:SNE) upstages Microsoft on the announcement of the next generation home video game console. Sony has set February 20 for a “see the future” PlayStation-themed event that will probably showcase the new avatar in the PlayStation series. According to sources, Sony’s gaming device will reach users later this year, will feature social gaming, and will reflect Sony’s focus on the improvement in the way users interact with the device. In a departure from previous practice, the device will include chips designed by Advanced Micro Devices (NYSE:AMD), instead of the cell chips that are being used in PlayStation3, which were developed by IBM and Toshiba Corp.