Vinniegambini said:
Tarumon said:
Vinniegambini said: On another note, Japanese investors seem pleased with this news. Nintendo is up by 1.5% while Nikkei is down 2.4% - Not bad |
Yay! X 1
My other JP Stocks No!!! X 7
Mostly just profit taking in reaction to Yen.
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Yeah crazy. The yen had a crazy run. I think it will stabilize at 85 US and 115 EUR. At 90 US and 120 EUR, it was unsustainable and would of brought more harm than good to Japan's economy.
I'm really excited for the earnings release. Hope they are good results. The shares should rally in anticipation of the result a bit.
What do you think of Sony, think they will be profitable? The last time they have made a fiscal profit was in 2006 no?
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I can't bear to look at Sony. I dumped Panasonic a couple of years back too. I just need to walk by the TV section of Best Buy, Costco, etc and just feel sorry for them. Once TV went LCD and LED, the PC industry inflicted its curse. Moore's Law killed Dram makers, killed HDD makers, and just about killed any hardware manufacturer and TV guys are now full on board with that BS.
You don't see that in most industries you know. It's a recipe for disaster when the companies slash the prices so deeply so fast. Initially the OEMs via IPOs absorbed a lot of that nonsense until pretty much everything consolidated. And Sony has had to compete on specs, but against the biggest currency manipulator Korea, Inc?
Now TV guys are banking on 4K TV. Same shit will happen again. Most ironic for Sony is their profitable divisions on paper were the acquisitions that caused them to go deep into debt. And luck would have it that MSFT saw the Playstation success and turned what would have been a high margin profit center into a loss leader.
I sorely miss the Playstation era Sony. But they've managed to diversify thenselves out of relevance. Instead of R&D, catch on the iPod, smartphone, tablet markets, they mingled with Hollywood, Entertainment and the wall street crowd. They betrayed their roots in electronic devices. Now the cancer that is debt is just a cripling factor that most likely will force some divestiture.
Sick I tell ya.