Following a revision in Sony’s ( SNE ) fully-year results this morning and drop in the stock, Macquarie Equities Research analyst Jeff Loff this afternoon writes that the stock has “overcompensated” for the disappointment, and that there’s 5% upside in the shares. However, he maintains a Neutral rating on the shares, writing that he’s waiting for a cut in Street estimates for the current fiscal year ending next March, and looking to gain greater confidence in how the company may do in 2013

Following the announcement last night that Barnes & Noble ( BKS ) received a $1 billion acquisition proposal by Liberty Capital ( LCAPA ), analysts today were collecting there thoughts on what impact it might have on Liberty, B&N, and others. Credit Suisse’s Gary Balter reiterated a Neutral rating on B&N, writing that the Liberty offer is “a brilliant and well timed move” by Liberty.

Shares of Apple ( AAPL ) are down $2.34, or 0.7%,a t $338.19 after Blooomberg’s Michael Wei in Beijing reported there has been an explosion at a plant in Chengdu owned by Foxconn, the Taiwanese firm that manufactures many of Apple’s products. The story appears not to be posted to Bloomberg’s Web site yet; On the terminal, it is under Foxconn news, not Apple news. The brief item on the Bloomberg terminal only says that seven people have been hospitalized

In case you missed, Saudi prince Al-Waleed Bin Talal was on CNBC this morning — he’s 26th on the Forbes billionaire list with $19.6 billion in personal net worth, in case you’ve lost count — and he was talking about about Apple ( AAPL ), among other things. “We got into Apple at $9 many years ago, and Steve Jobs is my friend, I always visit him in California,” said Al-Waleed.

ThinkEquity’s Mark McKechnie this morning initiated coverage of Research In Motion ( RIMM ) with a Hold rating and a $48 target, threading a path between what he sees as the bull and bear cases. The bear case is that RIM’s BlackBerry service offering will see subscribers decline in coming years , but McKechnie actually thinks the company can add 16 million and 13 million subscribers in the next two years, for $4.25 per share in earnings, on top of what else it can generate. (He models $6.40 per share this fiscal year ending next February, and $6.55 in fiscal 2013.) The network service is the “ core asset ,” he writes

Liberty Media proposed a deal late Thursday to buy the largest U.S. book retailer Barnes & Noble for $1.02 billion through the purchase of the company’s stock at $17 per share, according to Reuters . The offer may seem high for an ailing fleet of retail stores that are seeing declines in print book sales, but Barnes & Noble’s Nook tablet and online marketplace could be very valuable to the right buyer

Earlier this year, we brought you the thrilling eyewitness news of a mystery Paris Hilton in a cop cruiser sighting , deep in the heart in West Hollywood. At the time, we reported that we didn’t know why Paris was seen riding in a WeHo cop car, then we told you that we heard she was filming a PSA as part of her court-ordered community service. But yesterday, we learned that we didn’t have it quite right either time.

Earlier this year, we brought you the thrilling eyewitness news of a mystery Paris Hilton in a cop cruiser sighting , deep in the heart in West Hollywood. At the time, we reported that we didn’t know why Paris was seen riding in a WeHo cop car, then we told you that we heard she was filming a PSA as part of her court-ordered community service

Or at least one of the things on a wish list that includes a revealing 12-month wall calendar, Zamboni rides, a full deck of cards , karaoke night, an invite to the manse for spaghetti with anchovies , the opportunity to submit designs for the tattoo he’ll be getting on his lower lumbar region, a remastered DVD of home video footage that features his conception, birth, and 3rd place finish in the 8 and under 25m butterfly, a lock of chest hair, one year as his foster child, and higher fees: a new fund. SAC Capital Management LLC, the $14 billion investment firm founded by Steve Cohen, is opening a fund specializing in quantitative trading, its first new fund in six years, according to two people familiar with the decision. The hedge fund will be managed by SAC’s 20 teams of so-called quant traders, who buy and sell stocks based on signals from computer models, said the people, who asked not to be identified because the Stamford, Connecticut-based firm is private

Shares of GameStop ( GME ) are down $1.67, or almost 7%, at $25.01, after the retail chain this morning reported fiscal Q1 results ahead of estimates, but said its profit per share this quarter will miss estimates.