do you like kazuo hirai, or will you throw in the towel on all of this?like dan loeb a lot, but i don't like this move. i think he is miscalculating the likelihood the japanese will respond to shareholder activism. the history of shareholder activism with japanese companies is a very sad one, going all the way back to the 1980s and t. boone pickens. american investors seem to want to try this often and seldom succeed. it's one of the reasons japan is in the quagmire it's been in for a quarter century. its companies are not innovative and not responsive and flexible. moreover, i would point out it's really not about -- excuse me, not about sony individually anyway. this is really a macro japan story. if you look at a chart of the dollar-yen combined with sony, you can see that for most of this year it was the exact same trade. so, in other words, the dollar-yen rallied, weakening the yen, most japanese companies, including sony, did well. the problem with that, over the last couple of weeks, the dollar-yen has turned around violently and heading lower. and

in a letter to sony's ceo kazuo hirai, they urged the board to sell a 13% to 20% stake in its entertainmenteb argues that sony's entertainment business is worth about $10 billion and the sale of stocks could raise as much as $2 billion. mr. loeb continued that sony could boost its share price by following his proposals, but he did regret to acknowledge that sony is regaining its edge with new playstation 4 game console and new smartphone models. sony said that the company will review mr. loeb's proposals but declined to comment on the specifics. some analysts are saying that these proposals are positive for sony and its shareholders, since it would boost its value. sony's shares rose 4.4% today and the company will hold its annual shareholder meeting on thursday this week in tokyo. back to you, ross. >> all right, shuchiko, thanks for that. >>> sprint is suing dish network to block its offer for clearwire. they claim dish is trying to coerce them and rejecting sprint's competing offer to buy the rest of the company it doesn't already own. this comes as dish is also facing its last chance to