Convinced - $399 PS3 coming in October

[fkusumot]

Kasz216 said:

leo-j said:
What are you saying that they spen all the money they made from the ps1 and the ps2?

No your wrong to that degree. It is worth the drop, more ps3's= more software sold. Which equals less of a loss in the long term. Not only that but it will drasticly increase there role in this generation of gaming consoles.

Yes, yes they have. Or atleast it's extremely likely. Most companys HATE having money freed up and spend it right away to buy assets. It's how pretty much every company and investment firm works. Companies usually don't have massive amounts of money just sitting in banks.

If the company needs unexpected money they usually take out loans or sell off assets to get it.

The only person I know that keeps a lot of open cash is Warren Buffet. Which is why i like the guy so much.

You'll learn more though when you actually take an economics class.

Now that's the truth. That's why I own Berkshire Hathaway stock.

Now, Nintendo started this generation with about 8 billion in their warchest. I don't recall seeing any numbers for Sony.