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Sony scores record Q3 profit with games, movies

Entertainment conglomerate Sony Corp has achieved a record net profit for its third quarter as its I>PlayStation 2/Itrounced the competition and movies like I>Spider-Man/Igot a new life in DVD releases.

Humble beginnings ...The tycoons of Batu Road

Thumbnail sketches of the tycoons of Batu Road.

IT spending for 2004 set for moderate jump

B>SAN FRANCISCO/B>: Corporations have increased their budgets for information technology in 2004, a positive change after years of contraction, International Business Machines Corp's (IBM) top executive said on Wednesday.

Heavyweight stocks pull down CI by 15 points

Heavyweight stocks tumbled, dragging the KLSE Composite Index (CI) down 1.6%, as eleventh hour window-dressing - which had reversed the benchmark index's fall on the first three days of this week - failed to materialise yesterday.

News in brief

Nintendo raising stake in Seattle Mariners

Nintendo Co., the Japanese maker of Pokemon and Super Mario video games, raised its stake in baseball's major league club the Seattle Mariners to more than 50 percent, a company spokesman said Friday.

Nintendo earnings take a hit

Japanese men play with Nintendo Co.'s new handheld video-game machine DS in front of a Tokyo's Akihabara electronics store Wednesday.

Tokyo stocks finish higher Thursday

The Nikkei Stock Average of 225 selected issues added 42.75 points, or 0.36 percent, to close at 11,856.46 points.

Nintendo to launch new videogame console next year

Nintendo Co said yesterday it planned to launch its new videogame console sometime next year, missing the key 2005 holiday shopping season and putting it a step behind Microsoft Corp in the race to market a next-generation game machine.

Apple to switch to Intel chips in a snub to IBM

Apple CEO Steve Jobs is expected to announce Monday morning at the company's software developers conference in San Francisco that Apple will discontinue using microprocessor chips made by IBM in favor of Intel chips, according to CNET Networks Inc.'s News.com and The Wall Street Journal.