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Spankey said:

"The most important thing is that, to improve organizational strength in the areas of development, purchasing and marketing, it will be necessary to further concentrate power in the hands of [Sir Howard] and unless this is achieved we believe [Sony] will be unable to close the gap with competitors such as Apple and Nintendo."

Strange they mention Apple and Nintendo by name...but not MS?

Apple making a home console confirmed?

Anyway, back on topic, We'll just have to wat till the Sony q3 results and statements on 29 Jan to find out the truth.

Also, for Sony gaming division to pull back from -$1.5 billion to just -$500mil in a mere 2 quarters isn't that bad, is it? still got another 4 months to pull back to the black.

Two possible reasons
1: improved or not, it's still their biggest loser and frankly an embarassment since its a constantreminder of lost position. Being third where you once lead and the publicity about it don't polish the corporate image.

2. investers are demanding MAJOR change. Slaughtering the most sacred cow sends a clear signal that everything is on the table. Everyone thought that the father of the Playstation was untouchable......