Sony rating lowered to one point above junk status by investors

[Adinnieken]

Chark said:

Adinnieken said:

Chark said:

Adinnieken said:
On the DL, Google is currently in talks to purchase Sony. This will likely help in moving those talks forward.

Isn't that more Google talking and not Sony talking, along with a number of other companies. Sony is way too expensive of a company to purchase and if it is worth purchasing that means the company will turn around. It's making some vital moves right now that could make all the difference in 2013 and beyond.

It doesn't mean that Sony isn't talking, it just means they aren't hearing what they would like to hear.  However, when your back is against the wall, sometimes you don't concern yourself with hearing what you want to hear, but rather just hearing something positive. 

I mean does a person who is unemployed turn down a job for $40,000 / year even if someone normally in that position would make $50,000 or more per year?

Those rumours don't have any substance and I believe someone from Sony commented that it was not happening.

That analogy isn't very good. More like someone who owns a store, a really big store that shifts a lot of products. But ended up buying too much inventory in things people weren't buying much of, causing the store to have spent more money then it made. So while fixing that problem by reducing bad inventory a guy comes into the store and tries to buy it at a low cost because the store hasn't been making money recently. That store owner isn't going to sell his high revenue business at an undervalued price because of an inventory mistake he is currently fixing.

Reduce expenses to allow the revenue to generate profit, don't sell it at an all time low.

Hmmm...I think a better analogy is that it's more like a large ship, carrying over 3,000 people, steaming as fast as possible to port through the Northern Atlantic into an ice field, it hits an iceberg and begins taking on water.  Now, the fanboys...err...crew believe the hype that it's an unsinkable ship.  The rest of us are on the California steaming back to port and Google is the RMS Carpathia, there to rescue what's left of the RMS Titanic and her crew.