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Third Point no Longer a Top 10 Sony Investor and Why This Could Be a Good Thing

SonyRumors: A recent filing from Sony Corp revealed that hedge fund Third Point was no longer a top ten investor, where previously outspoken frontman Daniel Loeb calling for drastic changes at the company. Is this good or bad news for Sony?

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bebitech1731d ago

I think that this is good for the company. Outside investors don't tend to think long term about a company and nor do they really care for its outlook. They just want some short term profits and into the next one they go.