Sony to Lose $1.66 Billion U.S. - Six Time Greater Then Anticipated

[king_of_the_castle]

FishyJoe said:

alephnull said:

NJ5 said:

alephnull said:
I find it interesting that we are now 11 pages in an noone has thought it relevant that Sony's stock actually closed higher today than yesterday.

A much lower rise than the market in general. In earlier Japanese trading, Sony fell 5.87% while the market fell only 1.1%.

Also YoY it's down 61% while the Japanese market in general is 43% down.

It's underperforming in other words.

 

 

You don't think you're being even a little disingenous? I don't see why you guys love these companies so much.

 

You're the one being disingenous when you make a reference to a small one day gain and call it relevant.

I'm guessing it had more to do with this than Sony's actual financial situation:

 

http://news.yahoo.com/s/nm/20081217/bs_nm/us_markets_japan_stocks

Nikkei rises 1.1 percent on Fed rate cut

TOKYO (Reuters) – The Nikkei average rose 1.1 percent on Wednesday, with banking stocks among the biggest gainers after the U.S. Federal Reserve slashed borrowing costs to a record low, prompting a rally on Wall Street.

But Honda Motor Co (7267.T) tumbled more than 4 percent on expectations that it will likely issue its third profit warning of the year on Wednesday, after abruptly moving up its year-end news conference by two days. The news conference is now set for 3 p.m. The benchmark Nikkei (.N225) added 91.14 points to 8,659.16, after rising over 2 percent earlier. It fell 1.1 percent the previous day.

The broader Topix (.TOPX) gained 0.9 percent to 836.13.

(Reporting by Aiko Hayashi)