Netflix movies enhance PlayStation 3

Article Excerpt

SONY CORP. ADRs $29 (New York symbol SNE; Conservative Growth Portfolio, Manufacturing & Industry sector; ADRs outstanding: 1.0 billion; Market cap: $29.0 billion; Price-to-sales ratio: 0.4; WSSF Rating: Average) will let users of its PlayStation 3 video game player instantly view movies and TV shows from Netflix Inc. (Nasdaq symbol NFLX). Netflix operates an online movie-rental service with over 100,000 titles. Users will have to sign up with Netflix to use this service. However, Netflix already has 11.1 million U.S. subscribers, and many of them no doubt already own a PlayStation 3. This new service should also spur PlayStation 3 sales ahead of the Christmas shopping season. Sony is a buy. buy…