alephnull on 03 July 2008
I suspect that the current management of SCEI exaggerated losses for FY07 to make themselves look better. Such losses would have been the fault of the previous management, and any surprise on the upside will be a consequence of their superior helmsmanship. This is pretty much standard practice.
So the question becomes, were they able to massage the numbers enough. How much do they actually need to surprise on the upside for this quarter? They might even be able pin any losses on the deteriorating global economy ala sony-erikson, but I doubt it.
