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drkohler on 14 February 2014
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mornelithe said:
kowenicki said:
mornelithe said:

Well, while the statement is true in the long run, it lacks detail, is basically the point.  The 1.1B loss is forecasted over the next year, not a single day.

Errr... nope. 

It is forecast by March 2014 (a few weeks from now) for the year to March 31st 2014.  This isnt for the next year, its for the current fiscal year.

Ok, point still stands though, it's the losses accrued over a years time, not just for March 31st 2014.  I simply had the timeframe mixed up.

The fact is that the rather terse Sony press release about the $1.1b loss can be read in various ways. Note that the TV sector has not been outsourced yet, and it isn't clear whether the Vaio business part has been sold already (Sony still makes pcs at this time). So this could mean:

1.  Sony will show a loss of $1.1b in its fy report (because stuff has been going downhill in this 4th quarter). It isn't even clear from the pr release whether $1.1b corresonds to 4th quarter only or the entire fy.

2. Sony will show a loss of $1.1b because of the separation costs incured with the sale of the pc business and outsourcing of the tv business (by March 2015).

I can't really see number 1 being true unless they have recently found more skeletons in the basement.