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Forums - Sony - Sony stock down 8%

Down a further 1.24%, they could drop below 11 today...



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I had no idea Sony's market cap was so low... Sony is worth about the same as Skype?!? Am I reading this right??



man-bear-pig said:
I had no idea Sony's market cap was so low... Sony is worth about the same as Skype?!? Am I reading this right??

Depends on how you look at it, Sony obviously has way more assets, but also wayyyyyyyyyyyyyyyyyy more debt.



Wait... which is it? I thought I saw a 9% in the title before...



kowenicki said:
man-bear-pig said:
I had no idea Sony's market cap was so low... Sony is worth about the same as Skype?!? Am I reading this right??


Skype isnt worth $11bn surely?


Microsoft paid $6bn for them two or so years ago. And they came with $150mn worth of debt. I'm not sure how much debt Sony holds but I don't think they are close 



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How come it's down? Turkish posted all those positive threads for nothing?



kowenicki said:
man-bear-pig said:
I had no idea Sony's market cap was so low... Sony is worth about the same as Skype?!? Am I reading this right??


Skype isnt worth $11bn surely?


Microsoft bought it for $8.5bn a couple of years ago, and taking into account inflation and skypes increase in popularity, it probably isn't far off.



Galaki said:
How come it's down? Turkish posted all those positive threads for nothing?

no his thread about last years profit for the gaming devision just emphasized that this year is worse. i'm sure that wasn't the plan but that's what that thread shows us.



Sadness.



kowenicki said:
NintendoPie said:
Wait... which is it? I thought I saw a 9% in the title before...


it changes...

it was down 7 when it opened then fell to 9, currently down about 8%

Oh, so it's going up... I wonder how long...