MikeB's past predictions

[starcraft]

MikeB said:

@ kowenicki

The only point of that comment was some strange worries Sony was in danger of bankrupting, nothing more nothing less. They have a lot of additional assets, if they buy back shares and pay back all other 3rd party investments they still have a surplus of 50 billion USD worth in assets.

Of course you prefer to ignore the core of the comment.

In theory could, not in reality would. It would not make sense, Sony would then need to scale down dramatically.

Mike I am sorry but Kowenicki is right.

You are failing to take into account asset write-downs, investor withdrawals, confidence reductions etc.  You also greatly overestimate Sony's liquidity, which can be seen easily from any one of their financial reports from the last decade.

Whilst you correctly point out that Sony obviously would never give away 100 million PS3's, you're blatantly incorrect in your suggestion that if they did, at this point in time, they could do so without entering bankruptcy protection.  Whether Sony ever came out of that protection is another matter that would depend largely on consumer confidence and the attitude the Japanes Government took to a bail out.