| Grooski said: Its hard to say without seeing the fiscal statement. Its either the scenario I described or its a wiping of previous deferred tax assets due to making losses in previous years. But the second scenario would involve a cash write-down - which we can't see until the statement releases. If its the former, they are trying to be responsible and trying to prepare for a few hits in the next couple of years. If its the latter, they are merely writing off this asset from the previous years losses. It represents a special one-off cost that the market won't care too much about. Either way its not the end of the world scenario. |
I also don't think this particular loss warning is that big a deal. It's basically an accounting detail.
Much bigger problems for Sony are:
- the earthquake
- the PSN hack loss
- the yen which doesn't stop going up (not good for an exporter like Sony)
- the still crappy situation of the world's economy which is likely to continue
- the fact that Sony is getting its lunch eaten by Samsung, Apple, Nintendo, Microsoft etc. etc.
My Mario Kart Wii friend code: 2707-1866-0957
