Hyruken on 01 November 2011
Word around the campfire is that Sony are about to post a big loss.
Upon this loss they will announce the break up in the tv division. Instead creating 3 different divisions "LCD TVs, next-generation TVs, and outsourcing". Samsung who make the TVs will ask for the 50% Sony has in S-LCD due to defaulting on its loan.
Since the start of the year its share has falled from nearly $30 to now under $15 (fallen 4% today).
If this rumour turns out to be true and Sony have a big loss then it could push shares down to around the $10 mark which would make it the lowest it has ever been.
Will be very interesting to see how the markets react to what they announce.
