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Sony shares have plunged 6.4
percent to a 31-year low - a
day after the consumer
electronics giant announced a
record US$5.7 billion loss for the fiscal year to March.
Panasonic shares also
fell, tumbling 1.55 percent as
the Osaka-based firm reported
a record US$9.6-billion loss. The company was hammered
by a strong yen, natural
disasters and stiff
competition from foreign
rivals. But both firms are
forecasting a return to profit
in the coming year.
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