Nintendo Shares Plummet!

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Train wreck said:

Pavolink said:

Train wreck said:
I would post those link saying that Nintendo was bigger than Sony...that lasted all but a week?

Anyway any attempts to buy will be met with selling as nothing in the company has fundamentally changed. Iwata is still CEO, no change in management, don't see how investors can trust the guy or his forecasts .

The fact that NIntendo was "bigger" than Sony, even if it lasted one week, proves not the delusionalism of the fans, but the actual bad situation Sony is going throught.

Nintendo is doing bad, but that won't change the disaster Sony is.

Hince why the company took step a couple years ago with the hire of Kaz as CEO and his changes.  If the comapny would have continued on the path put forth by Howard Strniger, they would have been under.

Sony is a 80+ billion revenue company, turnarounds for companies that large take time, look at HP.  At least kaz is putting forth different plans, trying to consolidate, buy and sell assets he feels will stablize and return the company to growth.  The company is still expecting 20Billion Yen profit for this year (down from 40 they forcasted).

Nintendo and management is hoping to put lightning back in a bottle and telling investors and customers alike to please understand.

That's a lot of assumptions there. What has Kaz done to improve Sony's situation?

They have more debt than what they are worth, they have "junk" status and they have to sell buildings to make profits. 

If that's how Kaz is trying to turn Sony around then things aren't looking good.