Future of Sony? 1.1 Billion dollar loss.

[benji232]

M.U.G.E.N said:

benji232 said:

1) The only HQ they purchased in their FY 2013 was a new playstation HQ, again, I googled it all, nothing comes up. Stop doing your smartass, bring up the links if they truly exist because i've googled it all "Sony purchases new HQ" "Sony buys new building" "Sony buys new HQ", etc. I'm not a dumbass. 

2) So a healthy corporation would be selling some of their HQ's that they've been using for the past 20 + years just because they deem it "unprofitable". You're kidding yourself. The only reason that they actually sold those buildings is because they are in dire needs of cash, have you even checked their debt as of 2013? Jesus christ, even if they sold off all of their assets and used their entire cash stacks, they still wouldn't have enough to pay it all off! So yes, had they not sold off their HQs, they would have lost much more money. Actually, their profit forecast would have never even happened. 

3) You're showing over and over again that you seriously lack reading skills. Laying off people is NOT a good sign no matter how YOU want to spin it. They have been laying off THOUSANDS and THOUSANDS of people for the past COUPLE years in a row and they STILL aren't profitable even after all of those layoffs. The reason for all of those massive layoffs is simple, they've been doing horrific as a businness over the past 5+ years. Had they still been as healthy as they were 10years ago, they wouldn't be laying off people. 

In some cases, some companies do some occasional layoffs to adapt to the changing market. However, Sony has been laying thousands of people CONSTANTLY for the past few years. This is not good. 

4) Again, lack of reading skills. I was clearly talking about the overall company, not about vaio. Had SONY had been a healthy corporation, they could have cut off the extra fat (vaio) without incurring such losses. However, given their position, it incurred them massive losses because their overall business simply couldn't compensate. 

5) Not even going to comment on this one. You're calling everyone who is talking negative about you're favorite company clueless people.

Also, FYI, I love Sony products. My 3 tvs are all Sony. I own a psvita. And I own a xperia. Just in case (seeing you're last post) that you thought that I was some kind of Nintendo or MS fanboy or whatever.

Also, FAIR warning: I did not proof read my post and it is kind of late here, so there might be a few hiccups in the grammar department lol.

1. Never said you're a dumbass..but you Finally after all that hard work you put in found one major acquisition but can't find any other purchases they made. I dunno man..if the hat fits. Small steps pal..keep it up

2. You have issues understanding simple english and logic. Let me break this down for you so even you might understand it. Selling an office building such as that is for two reasons. One, money. Two, expenses...companies do this all the time. Immediate need for cash + long term profitability of the said asset are things that will get considered in such situations.

Not sure why you are so hung up on this. Did you work in the building? lol And wait are you actually surprised a large company has debt? Like no way man... -_- I seriously feel like I'm talking about this with a hopeless case here. You keep repeating normal business practices like something unique. I never said Sony was in a fantastic financial situation. I was laughing at your silly attachment to them selling a building. When they have bought buildings, factories and also invested in other new businesses. bu bu bu dat one building doe lol 

3. umm I never said laying people off was a 'good' thing. i said it was something that was needed and overall is good for the long term health of the company. From the top of my head I believe sony has around 150k workers. When restructering happens, lay offs happen. It really sucks for those affected. But this is needed. 

4. lol who said just 'vaio'? Sony is in a pretty good condition in most of their divisions. Again look up the financials. See what they are earning in other divisions and then you will understand why Kaz is making the moves he is making. One of Sony's biggest problems is lack of focus. They need to focus on their strengths going forward. Remove the excess useless factors is essential. When a company has many divisions, if one division is unhealthy compared to others, they get cut. Seriously...not a difficult concept to understand

5, see clueless train continues. I bash sony all the time lol I have no emotional investment in the company nor do I have money invested in them. This isn't even about playstation lol this is about the overall company. If it makes you feel better about your clueless posting earlier, go right ahead, imagine that I'm being 'defensive' of sony 

your or my love for their products have nothing to do with this. This is a pretty straight forward business situation. I actually entered this thread hoping to discuss the numbers and their impact going forward but sadly walked into a console warfare bs. The overall loss forecast is nicely detailed in the financials notes. Give it a read and I'm not saying this in a snarky way. There are a lot of expenses involved with restructuring. These are great smart steps taken by Kaz and bodes well for the future of the company. 

Anywho i'm done with this..gonna finish watching Pacers vs Blazers game and then grab some dinner. 

1) Bring me the links buddy, I googled it, nothing comes up. The only HQ they bought in 2013 was their playstation HQ.

2) You've gotta be kidding me right? You're the hopeless case here. You're SERIOUSLY telling me that having more debt then all of their assets+cash combined. That having more debt then Microsoft, Apple, Google, etc which are ALL MUCH MUCH bigger companies then Sony. 

Wait, here's a better question, do YOU even know how much debt they have? Seriously, take off those sunglasses and look at the real world. If you're trying to argue with me that Sony overall debt (over 157B$) is normal, name me ONE corporation that has that much debt as of today. One, I beg you. Keep calling me an idiot buddy, you're making yourself look ridiculous here.

3) Again, you failed to address the fact that they've been laying off people constantly for the past couple years. They laid off 10k people in their FY 2012, another 5k people this year and so on. 

4) Are we even looking at the same numbers? Sony is healthy? The only divions that i'd call healthy would be their insurrance and gaming divions. Their mobile division is doing decently. They lost billions and billions of dollars over the last 4-5years. Very healthy company indeed. 

I can't believe that you're even arguing the fact that sony is healthy or not. Ask anyone, any analysts, any investors, if they think that Sony is healthy. 

5) Again, yes, these moves needed to be made for Sony's future. However, I have some difficulty understanding how you can't acknowledge that, had Sony been actually healthy, they could have easily gotten rid of the fat without losing 1B$+. And if Sony was actually healthy, they would be posting umm.... you know?.... profits?