Article: Sony Computer Entertainment Readies for Market Expansion With Creation of a New Handheld Entertainment Platform; Company Unveils Plans to Extend PlayStation(R) Family of Products With 'PSP(TM)'.

LOS ANGELES -- LOS ANGELES, May 13 /PRNewswire/ -- Enhancing its strong platform strategies, Sony Computer Entertainment Inc. (SCEI) announced today plans to expand its in-home entertainment to outside the home with a new, all-in-one portable entertainment platform, "PSP(TM)." Scheduled for release in the fourth quarter of 2004, the company's goal is to extend the reach of PlayStation(R) to a broader audience, allowing consumers to enjoy gaming and other entertainment content anytime, anywhere. Specific details on release plans and pricing will be disclosed at a later date.

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