Riptide said:
Hmm, that is actually alot better than I expected. I don't think they have to do any significant cutbacks in specific regards to SCE. The one thing that could have had catastrophic consequences was their exposure to their financial arm and only having to write down 450 million is pretty good in comparison to other international financial instituations so they weren't exposed to anything nefarious or was affected that greatly on making returns to pay its unit holders. Would also like to know how their big bond issue went last month and well the market received it. Anyway, this report should be taken with a grain of salt before the official report is released.
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Ehm, did we read the same article?
Sony isn't a financial group, so you really can't compare it to American banks. Japanese companies didn't have a whole lot sub-prime morgage derivatives anyway.
Sony is an electronics company, with an outstanding debt and low capital. A loss like this would be devestating, especially since it's in mainly made the quarter that should be the highest.
