Nintendo is worth more than Sony. Microsoft kicks both companies

[Viper1]

drkohler said:

dandd said:

Sorry to say, but when your company is selling major buildings that is never a good thing.

Well, let's see:

I have this expensive (to maintain) building A and I sell it for a lot of $$$.

I build a smaller, less expensive building B that does the job for $$ (<< $$$) (and which is much less expensive to maintain than A).

Seems like a good idea to me..

Of course from a pr perspective it is not cool to move into the suburbs, from a monetary standpoint it's ok (I think at this time Sony back-rented parts of building A, but I'm sure somebody made the right calculations).

It would be one thing to do it once but both continental HQ buildings in the same fiscal year goes far beyond prudent financial restructuring.

Besides, any company that knows what they are doing in real estate makes good money leasing out space.

Sears used to make lot of money from their tower in Chicago.  They ran into financial trouble and sold it back in the 90's...just like Sony recently did.