Whoa Baxter, be a bit more careful with what you're accusing people of confusing, just as I should have been a bit more careful with Yahoo's finance report. Yahoo Finance is a bit more simplistic than Reuters so those liabilities are listed under total debt which yes means various different things other than "debt" per se. The term liabilities would probably have been a better one to use. Semantics aside, whatever their various sources, Sony owes a lot more money versus their money on hand and money coming in than either Microsoft or Nintendo. Edit: Quite embarrassing, we both ignored the "millions of Yen" not "thousands of dollars". I should clarify that despite the apparent banning, at least for Jasper's sake. At 116 Yen/Dollar Sony's debt is $11.6 billion and other liabilities (long and short) are a staggering $73.1 billion compared with MS and Nintendo having 0 debt and liabilities of almost $30 billion for MS and $4 billion for Nintendo. Not only that but Sony's debt has increased from $9 billion in just one year. Again the point remains that Sony is not in as good a financial position to fight a price war, most especially since it is making the biggest loss per system.