Sqrl on 01 October 2007
I honestly don't think its going to happen. If I'm wrong then I'm wrong but I just don't think they are about to convince their stock holders that this bad proposition they have endured over the last 10 months is a good way to spend a bunch of newly raised capital at least until it shows signs of life on its own.
I can see them going as low $450, but if they go to $400 I have to believe one of two things. Either (A) Sony has a brilliant Plan and this is their first step or (B) They have moved beyond desperate and are making a last grasp for the sales numbers they need to win both the Format War and the Console war, even if it requires the loss of billions of dollars.
Keep in mind that in corporate speak lost revenue is still a loss.
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