NJ5 on 15 May 2009
| account2099 said: they are bleeding money, but will do it anyway. from their view.......there allready loosing money, whats a few hundred million more? |
That's the kind of philosophy which can lead a company into bankruptcy. In this financial and economic environment it can quickly get hard to raise cash from investors, meanwhile Sony's cash reserves are dwindling (having dropped 16% in the last quarter and 40% year-on-year).
Of course they might get rescued by the Japanese government in the end... but a rescue like that probably doesn't come without getting rid of the company's badly performing parts.
My Mario Kart Wii friend code: 2707-1866-0957
