Sony Freezing, Cutting Employee Wages.. (First Time in Company History)

[NJ5]

Noobie said:

NJ5 said:
@Noobie: That's all true but it doesn't really contradict what I said (as I said in the reply to Jo21).

 

I didn't provide the link to deny ur comments or accept them... because i feel i don't have enough knowledge... but i m just saying that all companies are suffering.. So if you want to prove Sony is suffering more than other electronic giants like Toshiba, Samsung, Hitachi, Panasonic etc then you need to fix ur criteria or some metrics and then show us that Sony fares worst in that particular criteria or metrics compare to other companies..

I personally believe that Sony like others is effected badly... as in OP post they mentioned that Sony has to reduce bonuses by 33% so it is more or less same as other companies for which i posted the article.. Maybe a little more. Toshiba one of the largest electronic maker is going to post 280 billion loss which i believe is equivalent to Sony's loss. If you have to show Sony is more indebted than Toshiba than please provide some more data or balance sheets.

My sole purpose of providing the info was to show that others are also suffering and honestly i don't know which is suffering more.

http://www.google.com/finance?fstype=ii&q=NYSE:SNE

http://www.google.com/finance?fstype=bi&q=NYSE:PC

http://www.google.com/finance?fstype=bi&q=NYSE:HIT

(can't find data for Samsung unfortunately, but I suspect they're not doing too bad due to the weak Korean Won)

Out of those companies you mentioned only Hitachi seems to be doing worse than Sony. Panasonic's balance sheet looks much better. In any case all I said is that most companies are doing better or have better prospects than Sony. Even with all of Sony's restructuring, profitability still looks to be far for them.

As for lower-cost manufacturers like Sharp and Sanyo, they should be able to do better during a recession, with more people shifting to low-cost brands. Time will tell.