By using this site, you agree to our Privacy Policy and our Terms of Use. Close

Forums - Sony - Cyber Attacks, Strong Yen Push Sony's Market Cap Below Y2tln

Nikkei: TOKYO (Nikkei)--Sony Corp. (6758) on Friday saw its market capitalization dip to 1.99 trillion yen, slipping below 2 trillion yen for the first time in roughly 27 months.

During Friday's afternoon session, Sony shares at one point skidded to a year-to-date low of 1,985 yen, down 16 yen from the previous day's close. They finished out the week at 1,990 yen.

Recent hacking attacks on Sony Web sites added to the negatives dogging the electronics giant, including its struggling television business, the yen's strength against the euro and uncertainty surrounding overseas economies.

Sony's stock has been declining steadily since early April. "Long-term investors are giving up on Sony and selling off (its shares)," according to a trader at a foreign-affiliated brokerage.

The company's market value last plunged below the 2 trillion level in the wake of the 2008 Lehman Brothers collapse. Some observers contend that Sony's current predicament is more serious than previous rough patches. "In the past, inspiring product after inspiring product came out of Sony, but it rarely happens now," says Kazutaka Oshima, president of Rakuten Investment Management Inc.

http://e.nikkei.com/e/fr/tnks/Nni20110617D17JFA03.htm?ep=2

 



Around the Network



4 ≈ One

You feel good when you post anything that makes Sony look bad bro?



PakChiuCheng said:
You feel good when you post anything that makes Sony look bad bro?


As long as it's not blatantly false why not?  Good intentions or bad people may still be interested. 



PakChiuCheng said:
You feel good when you post anything that makes Sony look bad bro?

it makes me feel good when he does



Everyday I'm hustlin'.

 

Wii and DS owner.

Around the Network
axumblade said:
PakChiuCheng said:
You feel good when you post anything that makes Sony look bad bro?

He doesn't blatantly troll when he posts it so why not?

Personally I'd prefer someone posting this article then posting a "LULZ! SONY ARE DOOMED!" thread.

Indeed though the lulz threads have random picture battles in them often and those make me smile then cringe on the inside thinking people fighting over this stuff...



Former something....

PakChiuCheng got quoted 3 times in a row in 4 minutes. Might be a record.



Nsanity also posts positive Sony news so lay off.



PS One/2/p/3slim/Vita owner. I survived the Apocalyps3/Collaps3 and all I got was this lousy signature.


Xbox One: What are you doing Dave?

poor poor Sony...but Sony is trong and will come back bigger than ever...new PS3 coming soon...muahahhahahaha :D



Nsanity said:

Nikkei: TOKYO (Nikkei)--Sony Corp. (6758) on Friday saw its market capitalization dip to 1.99 trillion yen, slipping below 2 trillion yen for the first time in roughly 27 months.

During Friday's afternoon session, Sony shares at one point skidded to a year-to-date low of 1,985 yen, down 16 yen from the previous day's close. They finished out the week at 1,990 yen.

Recent hacking attacks on Sony Web sites added to the negatives dogging the electronics giant, including its struggling television business, the yen's strength against the euro and uncertainty surrounding overseas economies.

Sony's stock has been declining steadily since early April. "Long-term investors are giving up on Sony and selling off (its shares)," according to a trader at a foreign-affiliated brokerage.

The company's market value last plunged below the 2 trillion level in the wake of the 2008 Lehman Brothers collapse. Some observers contend that Sony's current predicament is more serious than previous rough patches. "In the past, inspiring product after inspiring product came out of Sony, but it rarely happens now," says Kazutaka Oshima, president of Rakuten Investment Management Inc.

http://e.nikkei.com/e/fr/tnks/Nni20110617D17JFA03.htm?ep=2

 


Comment this, it's more interesting:

http://www.theepochtimes.com/n2/business/ibms-market-cap-passes-microsofts-after-15-years-56694.html