Did This Attract This Activist Billionaire to Sony Corporation (ADR) (SNE)?

When stacked against Microsoft Corporation (NASDAQ:MSFT)’s recently released Xbox One, it is hard to tell whether the PlayStation 4 has the edge. There really isn’t any real comparison so far, considering that they have both not hit the mass market. Xbox One, however, seems to have failed to impress investors — of which there is proof.

On the release, Microsoft Corporation (NASDAQ:MSFT)’s stock trended downward for the rest of the day while Sony Corporation (ADR) (NYSE:SNE) surprisingly gained up to 9.25%. The Xbox One, which will play popular games like Call of Duty, is touted to present an all in one home entertainment hub that brings the best of gaming, movie viewing, communication, and TV in a single device.

Dan Loeb always pushes for what he wants, expect an uptrend in Sony

Dan Loeb’s desire to get his way is one of the traits in his personality that stand out. This trait perhaps came out best during Loeb’s entry into internet giant Yahoo! Inc. (NASDAQ:YHOO).

Loeb did not waste time with his Yahoo! agenda. The first thing on his agenda was to remove incompetence and wipe off some of the glaring inefficiencies that had become typical of Yahoo! Inc. (NASDAQ:YHOO). In Loeb’s quest to push for a turnaround, former Yahoo! CEO Scott Thompson received his last brown envelope from Yahoo! Inc. (NASDAQ:YHOO).

Loeb uncovered Thompson’s dishonesty about his educational background. Apparently, he did not hold a Bachelor’s degree in computer science from Stonehill College near Boston. If anything, the college started offering the course four years after Thompson ‘graduated’. Thompson, who was actually an accountant — and only an accountant — had to ultimately leave Yahoo!.

Because of Loeb, Yahoo! Inc. (NASDAQ:YHOO) now has Marissa Mayer — the lady who has made major progress, and in her most recent move, signed off on the $1.1 billion Tumblr acquisition.

If Loeb manages to work out something good in Sony Corporation (ADR) (NYSE:SNE), which I believe he will, expect shares to rise moving forward.

The article Did the PC Downturn Attract This Activist Billionaire to Sony? originally appeared on Fool.com is written by Lennox Yieke.

Lennox Yieke has no position in any stocks mentioned. The Motley Fool owns shares of Microsoft. Lennox is a member of The Motley Fool Blog Network — entries represent the personal opinion of the blogger and are not formally edited.

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