Acevil said:
kowenicki said:
Train wreck said:
Non business people need to move to the side, since you are embarrassing yourself.
http://www.marketwatch.com/story/samsung-to-buy-sony-stake-in-lcd-joint-venture-2011-12-26
#1. Sony is to save 50 Billion Yen (640 Million Dollars) a year divesting this joint venture
#2. Sony is going to take a charge of 845 million dollars BUT Samsung is buying out the portion it does not own for 945 million resulting in no net change for Sony
Big win for Samsung if they can turnaround this venture as the sole owner. Kinda saw this coming with the PS Vita running AMOLED by Samsung, basically Sony is going to contract out the display making to Samsung but still sell TVs under its Bravia line
Probably the best news Sony has had in years. |
To be precise... there is still a net balance sheet $845m write off to reflect loss of value.
Its a cross roads for Sony... make or break time for TV's. I have to womder why anyone would buy a "Sony TV"... there isnt any such thing from now on. Its a Samsung TV or a Sharp TV with a sony box around it.
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So that loss will be reflected this FY? Also Kowen, is it still possible for Sony to do horribly in Television (draining the company), even with this sale? I am not exactly sure how much of hold this venture had on that department.
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The charge will be reflected this quarter, so when they announce earnings its not going to be good. But the two reports ive read indicate that the savings start immediatly, 1 January.
