Originally posted by: tuteja1986
Originally posted by: Nightmare225
Originally posted by: Pabster
Sony's finished. Between the battery recalls and the PS3 troubles, plus rootkits, these guys are done (IMHO).
Thank god. I was hoping that cheap company would get what it deserved. I've had 3 sony TVs fail on me over the last 6 years...
Don't forget 1st time in ten years they were actually low in cash and had to borrow $600million euro for PS3 development and new Blu-ray expansion.
http://www.sonypictures.com/corp/press_releases/2006/08_06/index.html
"Sony recorded consolidated annual sales of over $72 billion for the fiscal year ended March 31, 2004, and it employs 162,000 people worldwide. Sony's consolidated sales in the U.S. for the fiscal year ended March 31, 2004 were $20.4 billion. For more information see www.sony.com."
Sony may lose money in one or two of its divisions, but it can more than make it up with its other divisions. anyone who thinks that sony is not doing well is just assuming and not thinking realistically. sorry, just look at the facts, $600 million is a drop in the bucket. Even though these are 2004 figures, it should give people an idea.
And being a finance student i can tell you that the best way for a company to grow and expand is not by issuing more shares (internal borrowing, self investment) or by taking loans from banks (external borrowing) but a combination of both. This gives the best possible GE ratio for the company to grow.
If sony is downgrading the GPU, which is a big if, as rumors are flying left and right , this is not because they are low on cash, but because SONY is just plain dumb and stupid!