Sony Corporation is traded on the Tokyo Stock Exchange under number 6758 and on the NYSE as SNE through ADRs.
Sony was founded by Masaru Ibuka and Akio Morita on May 7, 1946 as the Tokyo Telecommunications Engineering with about 20 employees.
The name "Sony" was chosen for the brand as a mix of the Latin word sonus, which is the root of sonic and sound, the English word "sunny", and from the word Sonny-boys which is Japanese slang for "whizz kids".
With the introduction of "Hi-MD," Sony is poised to meet the demands of a growing broadband era with a versatile media capable of recording a variety of content, such as music and images, while maintaining high quality sound and resolution.
This makes it possible, for instance, for users to record their favorite music from their home PC to disc, play it back with their "Hi-MD" player while commuting to work, and to then connect it to a PC at work to upload stored content such as text files.
Sony will develop the MD market further by using its versatility as a recording media to explore new applications.
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