Sony halves profit forecast on yen, electronics (Reuters)

Attendees at a stock market investment class are seen at the Tokyo Stock Exchange in Tokyo October 22, 2008. Japan's Nikkei average slid 6.8 percent on Wednesday to its lowest close in a week, battered down as Sony Corp and other exporters fell after the yen rose against the euro and worries about the global economy deepened. REUTERS/Kim Kyung-Hoon (JAPAN)Reuters – Sony Corp (6758.T) slashed its annual operating profit forecast by 57 percent to far below market expectations, citing a firmer yen and tough price competition in the flat TV and digital camera markets.

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