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Forums - Sony Discussion - Sony sells New York HQ for $1.1 billion, up 19% in 2 days

Good to see that they're actually serious about getting back on their feet. I wish them the best.



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Train wreck said:
Dodece said:
Sony has been restructuring since Stringer took the reigns. This isn't a new phenomena, and it most certainly isn't a new strategy. Stringer pioneered the concept of selling non core assets to cover the losses coming out of Sony's core businesses, and funneling the remainder into rebuilding the brand. The reason it didn't work for him, and the reason it probably won't work for new management is, because it is actually counter intuitive.

Sony isn't cutting deadweight, and it isn't offloading toxic assets. Sony is actually cutting profitable divisions, and selling off high valued assets. As part of a effort to salvage businesses that are in fact deadweight, and in fact toxic. It is like they are trying to save a Gangrenous limb by amputating healthy limbs. The most damning thing of all though has to be that it hasn't worked at all, This isn't a gamble anymore. The strategy has been proven not to work. Yet here we are all these years later watching another good asset getting sold to save divisions that are in the fucking toilet. When the most logical response was to have flushed them ages ago.

I am getting a bit tired of the cult of personality that is taking root in these forums. According to some of you Kaz descended from heaven riding on the backs of four naked women who have plumes of fire shooting out of their navels, and who's hair has contorted itself into a thrown for Kaz to sit in as he speaks only the word of God. For he is obviously the son of God, and nobody had ever before uttered the word restructuring. Even though Stringer is wandering around behind Kaz as he lands with a billboard saying exactly that nailed into his fucking skull.

As for the story are we sure this isn't being applied to the next financial year rather then this one.

What restructuring did Stringer do when he was CEO?  All I saw him do was spend spend spend in the tune of 8.4 billion dollars

http://www.bloomberg.com/news/2011-12-13/stringer-s-shopping-spree-wrong-direction-for-sony-in-apple-battle-tech.html

Sony did not rise to prominance in the 80s from owning chemical businesses and being a life insurance company, it was their focus on consumer electronics and media, which Kaz is trying to get the company to focus back on.  I mean what should Sony be doing? Getting into industries where it has no scale or scope only to be beat by better competation?  At least in gaming, music and movies they still have cartel like control so competation wont be as fierce, as opposed to the heavily commoditized businesses of making TVs, camera and cell phones.

People like you talk all problems with no possible solution, if Sony did nothing, they go bankrupt.  I'm sure Kaz wants to at least try to save the company, he cant hit a 5 run home run out the gate

Stringer also over saw the sale of billions of dollars worth of assets. He closed down production lines, sold financial stakes in joint ventures. Sold real estate, and manufacturing facilities. He fired employees, and closed down production lines. Would you argue that Kaz isn't doing the same. He is selling things, but at the same time he is still buying things. Stringer was focused on the core business as well. He said as much on countless occasions. Once again this isn't a new idea, and it isn't a idea that has worked out for Sony. Sometimes companies have to change their core market. 

Sony is a company that prized engineering first and foremost. That isn't in line with the current marketplace. Which prizes other things over workmanship. We live in a world of disposables, and a world that places a higher premium on service. Sony's mentality is completely at odds with what consumers want. Which is things that are cheap, or things that are built around a service. What made Sony the company it has become. Is what is now killing the company. We don't live in a world where if you build it they will come. We live in a world where the pitch comes before the product, and not the other way around. Companies have to change when their strengths don't lend themselves to the market they find themselves in. Sony's traditional philosophy is increasingly out of place in the current market, but it doesn't mean it isn't right for another market.

Nintendo didn't start out as a electronics company. It started out as a playing card company, and then in branched out into electronic toys, and eventually it stumbled into consoles. When you look at things like Pokemon, and the Wii videogame console. You see the heritage of the company shining through. Nintendo still thinks a lot like a toy company, but if it had stuck to its roots it wouldn't be a household name around the world, and the process of getting there wasn't a straight line, and it wasn't easy for them getting there.

I know that the Chemical and Insurance industries aren't sexy, but they are the bedrock upon which our modern society rests. Their size dwarfs the electronics industry. They are bigger, more stable, and more profitable then electronics. The demand remains virtually unchanged whether the market is up, or the market is down. Companies will always need insurance to operate, and industry will still need chemicals to make their products, or to keep the engines of industry turning. Ironically Sony has a lot to offer the Chemical industry.

Sony has a great deal of experience with miniaturization and robotics. Ideally it is more cost effective to create chemical compounds near to where they will be used. Rather then having to pay to ship them from elsewhere. If Sony could devise a way to create a miniature factory to produce those compounds that could be housed in a small room. Then that would be something would bring the world calling. Imagine what would happen with medical costs if hospitals could make the drugs they need on site. What would happen with housing costs if contractors could get all of the chemicals they would ever need out of a machine out of the back of a single truck. Really the possibilities are endless, but nobody has a vested interest in creating that technology.

Anyway my solution would be for Sony to transition to a industry that is better in keeping with its core philosophy. Find a market where engineering matters, or a industry where the overhead costs aren't killing them.



Dodece said:
Sony has been restructuring since Stringer took the reigns. This isn't a new phenomena, and it most certainly isn't a new strategy. Stringer pioneered the concept of selling non core assets to cover the losses coming out of Sony's core businesses, and funneling the remainder into rebuilding the brand. The reason it didn't work for him, and the reason it probably won't work for new management is, because it is actually counter intuitive.

Sony isn't cutting deadweight, and it isn't offloading toxic assets. Sony is actually cutting profitable divisions, and selling off high valued assets. As part of a effort to salvage businesses that are in fact deadweight, and in fact toxic. It is like they are trying to save a Gangrenous limb by amputating healthy limbs. The most damning thing of all though has to be that it hasn't worked at all, This isn't a gamble anymore. The strategy has been proven not to work. Yet here we are all these years later watching another good asset getting sold to save divisions that are in the fucking toilet. When the most logical response was to have flushed them ages ago.

I am getting a bit tired of the cult of personality that is taking root in these forums. According to some of you Kaz descended from heaven riding on the backs of four naked women who have plumes of fire shooting out of their navels, and who's hair has contorted itself into a thrown for Kaz to sit in as he speaks only the word of God. For he is obviously the son of God, and nobody had ever before uttered the word restructuring. Even though Stringer is wandering around behind Kaz as he lands with a billboard saying exactly that nailed into his fucking skull.

As for the story are we sure this isn't being applied to the next financial year rather then this one.

this fucking guy man LMAO!!!!



most of us need the ready cash to stay afloat,i think we all know Sony are in troubling times hopefully they are making the right decisions to battle on



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