Sony's Sell Off
Following persistent rumors and reports that it was leaving the PC business, Sony last week made it official. The company last Thursday announced plans to sell its struggling Vaio PC business to Japan Industrial Partners (JIP). While the agreement is merely memorandum of understanding (negotiations for price and terms have yet to be determined), Sony said it expects the agreement to be finalized by the end of March. Despite its brand name and strong consumer electronics presence, Sony failed to make much of an impact in the PC market and was lagging far behind fellow Japanese tech giant Toshiba, not to mention larger market leaders like Hewlett-Packard and Lenovo.