Future of Sony? 1.1 Billion dollar loss.

[Wagram]

benji232 said:

Wagram said:
The 1.1b loss on paper looks bad (what you all are calling doom/gloom) but what they are doing is financially beneficial. If they don't cut their losses with Vaio now, or restructure the TV business they will lose MORE than the 1.1b. This is why Sonys shares have been raising, think of the long term rather than the short term.

It is very bad no matter HOW you want to spin it. Not only did they sell a few buildings THIS fiscal year which got them a couple B$, they are still posting a loss. This means that had they not sold those buildings, they would have lost another 3-4B$+!

I apologize, but you just can't spin a 1.1B$ loss into positive news. Especially when they sold a few of their buildings in FY2013.

Oh, in no way am I trying to spin a 1.1b loss into good news. A loss is a loss, and that's bad. However, at the same time you have to realize why the loss is occuring, and what the steps are being taken to fix it. Long term, selling the vaio business and incurring this loss is a step in the right direction.