Sony to sell $1.9bn of conv bonds, stock down 10% in early trading.

[Kasz216]

Chark said:

kowenicki said:

Chark said:

kowenicki said:

Chark said:
With all this change and things going down with Sony it makes you wonder what Stringer was doing.

fighting against a board full of the old guard with their heads in the sand who wouldnt talk to each other.

Did Kaz include them in that 10,000? haha, I bet they are rather sober right now. It only took 3 years of a global recession.

I wouldnt be surprised if he has moved a few of them on.  Kaz acknowledged the problem, he couldnt have done that unless they were back on side and willing to communicate.

I hope so and that they stay open minded for a while. Kaz is really a good player in this environment able to deal with Japan die hards and communicate with everyone globally. They are definetly moving forward, its the transition that is killing them. A restructuring is long overdue and if the direction they are headed pans out they will be doing quite well for themeselves. The timing is aweful and its difficult for them to keep everything afloat. Nothing would be better for them now than an economic boom in the  US to siphon pressure off the Yen and back to the USD. At least Sony doesn't seem like they are betting on that anymore.

One can only hope.  what inside gossip you hear about when Stringer was in charge was just painful.  Stuff like investor memos intentionally never being moved up to him.

Sony has been very resistant to change, which is a shame because there is so much unused symmetry that Sony could be working with.  The fact that they're suddenly open to this though is almost in a way discouraging.  Because it shows how much worse things have gotten.