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NO. 2 NOBUYUKI IDEI
President and co-chief executive officer, Sony Corp. (last year
No. 7)
AGE 60
ADDRESS President's Room, 6-7-35 Kita-Shinagawa,
Shinagawa-ku, Tokyo 141, Japan
BIO Since its inception in
war-torn Tokyo, Sony has always earned its bread and butter with
stand-alone electronics products. From the transistor radio to
the Walkman and Camcorder, Sony has made billions of dollars by
delivering better, cooler and smaller electronics. Now the
corporation is moving into the wired age by developing products
for a consumer-electronics world that is interconnected by
everything from satellites to the Internet. Today's buzz word is
convergence, and Idei is working hard to put Sony in place at the
forefront of the market where hardware and software meet. It is a
fitting role for Sony's cosmopolitan leader, who speaks English
and French and hangs out in Tokyo's jazz clubs, where he knows
the singers by their first names.
1998 POWER PLAY Idei's
friendship with fellow wired leader Bill Gates paid off this year
when Sony announced a partnership with Microsoft to produce
products for the Windows CE platform. An interactive
cable-television product with Net access is expected next year.
While Sony's movie studio doesn't seem to have solved all its
problems yet--that overhyped lizard was a bomb--the Mavica digital
camera and the new Vaio SuperSlim notebook computer mark two
successful additions to the product line.
PLACE YOUR BETS Even a
worldwide heavyweight such as Sony has not been immune to the
Asian economic decline. For the quarter ending in June, Sony
reported a 4.9% drop in operating income. But with its worldwide
revenues of $48.67 billion, you can be assured that Sony will
weather this storm. Analysts call Sony's ADRs a moderate buy.
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