Sony sees record $6.4 billion net loss, to take tax hit

[M.U.G.E.N]

Hyruken said:

logic56 said:
lol at all these armchair analyst, Sony has 155 billion in total assets and a yearly revenue of 86 billion, they're aren't going anywhere any time soon, they just spend to much because of being to bloated, and with almost no communication between the divisions only adds to the problem. They problem was a lack of focus with too many arms spread all over the place, as soon as Kaz gets a handle on the TV business and get all their core divisions to communicate with each other they'll be back in the black in no time at all.

So your point is if you have assets and a revenue your alright? Maybe you need to look into companies that went bankrupt that were far bigger then Sony such as WaMu? They had over $300BN in assets and revenue of over $100BN but they went down. As did others like Enron.

What grates me more then anything is responses like this. The company has to be alright simply because it is ......... <----- enter your fav company here

Sony as a whole will not die but to quote Masaru Kato(Sony chief financial officer) "The situation is critical and we will carry out drastic reform. Nothing is sacred," Sony are going to have to appease the people they owe money to because if they don't they could pull the plug which has happened to thousands of companies and simply because it is .......<----- enter your fav company here. Doesn't mean it won't happen to them.

 

I'll just say this. I am not familiar with the wamu case but I can assure you Enron downfall is not even comparable to Sonys situation. Not even close. Bad example to use there

OT: really sucks big time. No one wonder such big job cuts happened and so much re-structuring is going on. Hope Kaz will be able to bring the company into profit soon