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Forums - Sony Discussion - Sony to sell $1.9bn of conv bonds, stock down 10% in early trading.

NoCtiS_NoX on 27 January 2013

A great way to start the year for Sony I guess.

I really hope Yen weakens more not just for Sony but for me as well. It means cheaper product from Japan for me especially the action figures.



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Carl on 27 January 2013
ganoncrotch said:

to be fair here mate you did directly call him out by name for a response that would call for a defensive reaction by anyone. Also someone calling him a muppet and referring to the ms fans on the site as a "tiny group" and sicophants, defensive is very acceptable if you read through this thread :D

All I did was wonder why there was no thread no need for such hostility and paranoia.



                            

PlaystaionGamer on 27 January 2013
sales2099 said:
VicViper said:
In some other thread someone mentioned Google buying Sony

Does this hold any truth?

Hell MS can buy Sony if its only worth $12 billion.

You get your entertainment hub for Xbox with Sony music and movies and win the console war in one shot. Scrub the rest/sell them off piece by piece. A man can dream.


imagine the state of gaming after that with Ms in charge.. that would be a sad sad day. 



zuvuyeay on 27 January 2013

wait..what.... is sony going down the pan or not,necrobumping,i lost HMV,don't want all the companies i use disappearing with my credit 0_0



                                                                                                                                        Above & Beyond

   

Carl on 27 January 2013
kowenicki said:
Carl2291 said:
ganoncrotch said:

to be fair here mate you did directly call him out by name for a response that would call for a defensive reaction by anyone. Also someone calling him a muppet and referring to the ms fans on the site as a "tiny group" and sicophants, defensive is very acceptable if you read through this thread :D

All I did was wonder why there was no thread no need for such hostility and paranoia.


There was a thread, I pointed you to it. I can't help being over a month ahead of the game can I. Am I to bump the thread every day to prevent someone being able to say what you said? 

 

Not being able to admit an error is a worrying trait of yours. Actually no, just a sign of youth and inexperience, no harm done.

Oh stop being a grumpy old man

You at the game today?



                            

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Nem on 27 January 2013
Train wreck said:
Nem said:
kowenicki said:

Sony raising $1.9bn.

So:

$749 million to invest in an expansion in CMOS
$624 million to repay debt used to buy into Olympus
$125 million to repay debt used to help buy Gaikai
$375 million to repay the maturity of some other bonds maturing next year (a future debt)

So of the 1.9bn they are raising here, $1.1bn is simply to repay other debt. This is what happens when credit rating agencies lower your rating. So to all those saying rating agencies don't matter.... here is your answer.  I didnt realise they had borrowd to buy into Olympus and Gaikai, I'll read the accounts better next time.


Probably only those not living in europe didnt know that already. Rating agencies cutting your rating = you enter a negativity spiral. In europe's case, countries wont dissolve, but companies do.

Sony is in alot of trouble, wich is why i am always surprised when they say they are relaxed and waiting for microsoft to make the first move. The PS4 will save or doom the company. I dont know why they dont cut-off the TV division at this point if its dragging everything else down. Theres no sense in keeping investing on it.

The ps4 will save or doom the company...ok a division worth about 11% of Sony's overall revenue is going to curtail it...got it.


You dont understand how the markets work. The playstation brand is Sony's most valuable brand. Valuable brands= potencial ability to generate revenue = garantee for company's ability to pay its debts and how risky it is to loan them money and get it payed back. If the PS4 failed the Playstation brand would plummet in value and it would be near impossible for Sony to obtain further credit. I know you want to ignore reality and pretend everything is well, but it isnt. Its already really difficult for Sony to obtain credit, and that is why they are beeing forced to use this method on the article.

Sony is in real trouble, wether you wish to see it or not. On the bright side, i am hopeful they can turn things around with the PS4.