Quick News: Sara Lee Bidding, Netflix 4th Quarter, Sony's New Handheld

“Bids for Sara Lee Could Come as Early as Friday” reports…

Sara Lee bids may be coming this Friday at the request of the failing company. The possible bids may range between $19 and $21 a share. The company might be split up.

“Netflix Profit, Outloook Impress Investors; Shares Leap” reports…

Netflix is now “the third largest U.S. video subscription service”. They had an amazing fourth quarter: $595.5 million in revenue, $47.1 million in earnings, and additional 3 million subscribers. The fourth quarter was higher than expected. It seems Netflix is a bigger threat to the cable industry than previous expected. I wrote about the cable industry's negative views of Netflix in "Netflix vs. Cable/ Media Industry".

“Sony Unveils New Handheld Device to Take on Nintendo” reports…

Smartphones and the iPad have now become gaming consoles, replacing sales usually expected by handheld gaming devices. Sony is creating much anticipation about its new handheld. Its codenamed Next Generation Portable and will have 3G wireless connectivity, 5- inch screen, which will most likely be touchscreen. It has also been noted that Sony will introduce the new PSP which might also be a phone. I look forward to upcoming advertising from Sony and reviews of their new handheld.