Friday, October 28, 2016
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Samsung's Upcoming Galaxy S8 Smartphone To Feature Changes In Hardware, Get Artificial Intelligence Services
Fujitsu' New IP-HE950 Encoder and Decoder Offer real-time 4K Video Transmission
New G-Technology G-DRIVE Portable SSDs Feature USB-C Connectivity
Alphabet Reports Strong Sales As Mobile Search and Video Ads Drive Revenue Growth
New Radeon Pro 400 Series Graphics Power 15-inch MacBook Pro
LG ULtrafine 5K/4K Displays Offer Performance and Integration With MacBook And New MacBook Pro
Sony Brings PlayStation Vue To Android TVs
Apple unveils new MacBook Pro Featuring Touch Bar, Ultra-thin Design
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 Home > News > Games > Sony Or...
Last 7 Days News : SU MO TU WE TH FR SA All News

Monday, March 28, 2005
Sony Ordered to Halt PlayStation Sales!

Sony said on Monday it was ordered by a U.S. court to halt sales of its blockbuster PlayStation consoles in the United States...

, and pay $90 million in damages to a California tech company, Immersion Corp. (IMMR.O: Quote, Profile, Research) , whose shares jumped more then 5 percent.

Sony Computer Entertainment (SCE), Sony's gaming unit, said it would appeal the decision by a California federal court in the patent infringement case.

For the time being, Sony will keep selling PlayStations as the order -- which covers the PlayStation and PlayStation 2, two game controllers and 47 software titles -- will not go into effect before the appeal, an SCE spokeswoman said. Sony will be paying compulsory license fees to Immersion, she added.

Games have been Sony's profit driver in recent years, accounting for 44 percent of the company's group operating profit from October to December, as it struggles with price declines at its electronics division.

Sony in January cut its operating profit estimate for this business year 31 percent, citing sharply falling prices of televisions, DVD recorders and other key products and weak demand for chips.

Immersion, a small, California-based developer of digital touch technologies, claimed Sony Computer Entertainment infringed on its technology that makes a game controller vibrate in sync with actions in games, the Japanese game maker said.

The $90 million awarded by the court is more than triple Immersion's total revenues of $23.8 million in 2004 and represents two-thirds of the company's current market value of around $135 million.

The court's decision confirmed a ruling by a California jury last year that ordered Sony to pay $82 million in the case. The amount was raised to slightly more than $90 million due to interest.

Immersion's stock rose 36 percent to $7.85 on the Inet electronic exchange, from its $5.75 close on Thursday.

Shares in Sony closed down 0.23 percent, underperforming the Tokyo stock market's electric machinery index , which rose 0.32 percent.

Sony comments DualDisc...        All News        PSP Launch: Dead Pixels
Nintendo DS Sets the Standard for Hand-Held Video Games     Games News      PSP Launch: Dead Pixels

Get RSS feed Easy Print E-Mail this Message

Related News
Sony To Establish New Imaging Products And Solutions Company
Sony To Release Smartphone Games in 2018
New Sony Compact RX100 V And A6500 Flagship Cameras Released
New Sony Flagship 4K and HD Action Cams Support Image Stabilization
Sony Unveils Its New Products at IFA 2016
Sony Unveils 4K Movie Streaming Service For PCs
Games Outweigh Sagging Sensors For Sony
New Sony 4K Ultra HD TVs Released In The U.S.
Sony Ups Sales Goals For Games Ahead of VR Launch
Sony Recalls VAIO Laptop Computer Battery Packs
Sony Xperia X Series Coming to the United States
Sony Sees Flat Annual Growth Due To Recent Quake Damages

Most Popular News
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2016 - All rights reserved -
Privacy policy - Contact Us .