Sony upgraded to "buy" by Jefferies

[-CraZed-]

tiffac said:

-CraZed- said:

I didn't see a time table for that so you may be right. Link?

I can't believe I actually found the article. lol!

http://www.businessinsider.com/sony-warns-of-11-billion-loss-2014-2

"The job cuts, which will come in both TV and PC divisions, are to be implemented by March 2015. The cost savings are to kick in by the 2015-2016 financial year, Sony said."

Thanks.  Still just the news of the cuts will help float stock prices above their current levels. And it does make sense as they will need those workers to help with the restructuring process. I'm guessing the layoffs will be drawn out over the next year to ease the impact.