| Noobie said:
Sorry if i m wrong.. Accounting and Finance is not my major rather its neither my minor also in any degree plan.. Anyway wot i gather from Data doesn't show Sony in bad light.. I m only talking abt the 3 months ending 31-12-2008
So from the figure i see Sony gross profit is lowest.. but still in the same ball park.. i won't say its way too low or miles behind the others. But surprisingly Net Income is in positive and also Diluted EPS( which i believe is Earning Per Share and i think is important for investors is positive) As i said i m no Economist or Accountant.. But the little knowledge i have abt Balance Sheet with which i have skimmed over the three reports doesn't show me Sony too badly.. Anyway may be u r right, and i m sure you can analyize balance sheets a lot more better than me... so may be Sony is in dire trouble... and i can't look for the right figures in the balance sheet. Anyway i see no reason to argue about something i don't have much information about.. So i won't be replying anymore. |
I was looking more at the cash/long term debt parts when I said that about Sony/Hitachi/Panasonic (that's in the balance sheet section, not the income statement which you pasted). It's bad enough if you're losing money (as most electronics Japanese companies are), but when you combine that with high debt and low cash as Sony has, it's a real disaster.
You are right that Sony's income statement doesn't look bad, but Sony predicts it will look very bad after this quarter ends:
http://www.iht.com/articles/2009/01/22/business/sony.1.php
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