neotea on 05 January 2009
NJ5 said:
"We do not plan to announce additional restructuring measures at this time," said Sony spokesman Atsuo Omagari. "We don't have any such plan." This is an empty denial like when they deny price cuts. It's the only thing they can say. Some restructuring will have to happen unless they want to run out of cash. They have around $7 billion which doesn't last forever under forex losses and electronics sales severely down.
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They have no choice but to deny and say everything is ok. They do not want investors and shareholders to lose even more faith and be angrier. Basically a putting on a front.
Edited. Take a look at the remark they made. basically denying and not denying at the same time.
