Sony has posted losses in 9 out of the 10 previous fiscal years. They have fired over 100,000 employees in the past decade. They were forced to sell their NYC headquarters, their Tokyo "Holy Land" building, their birthplace and the majority of the "Sony City" area in Japan. They have liquidated assets at an alarming rate. They have closed gaming division development houses. Their PC division is a billion dollar flop. Their TV division will soon be closed. They lost portable music to Apple. Their American CEO abruptly abandoned the company. They are bleeding developer talent at an alarming rate.
Their credit rating is still junk status at all three credit agencies and now their stock is no longer backed by the Japanese government, making it worthless in the eyes of serious investors.
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