Legend11 on 25 October 2008
It looked bad for Sony earlier this week when they announced a 57% cut in their earnings forcast but things may be even worse than that according to this latest Bloomberg article on the situation with Sony:
Summary:
- Sony shares have now fallen to their lowest point in 13 years.
- Sony CFO Nobuyuki Oneda talks of Sony possibly closing factories and cutting spending during what he describes as a "difficult time" for Sony.
- Some analysts are expecting Sony to not even meet its current full year profit forcast despite it having already been cut twice in the last two quarters with the last one being a 57% drop.
Source: http://www.bloomberg.com/apps/news?pid=20601204&sid=a5_lTmjyLZ74&refer=technology
