Sony Reports Preliminary Profit Above Forecast on Savings

[pastro243]

RolStoppable said:

aLkaLiNE said:

You would have to prove malicious intent to put someone behind bars for conservatively forecasting quarterly/yearly results. As in, intent to play the stock market. There's nothing illegal in and of itself for being conservative in your estimates and Im sure that many companies do so.

And articles about Sonys bankruptcy began floating around with the PS3, well before that algorithm in my link was created and posted on the Internet. Sony as a whole lost money for nearly 10 years straight, sold off one or two huuuuge buildings, laid off tens of thousands of workers, spun off some divisions. That article isn't why everyone thought Sony was on the verge of bankruptcy. The clearly bad management from that era is the reason people thought they were going bankrupt. Articles like what I included only exasperated the idea.

Looks like we are in agreement regarding forecasts.

I really don't remember how prevalent articles about Sony's bankruptcy were, but articles are often opinion pieces of people who don't know much about how financials work. Limiting the potential bankruptcy of Sony to the input of analysts though, I don't recall any analysts who claimed such a thing.

From what I remember it was mostly fan talk in forums, I never read a serious source claiming something like that