kowenicki said:
joeorc said:
Just because you want japan to be like the . West for mergers an acquisitions does not mean it will. You have been claiming for the all of last year Dan loeb, will get his way and that Sony will have no choice, and the board completely an quite handedly said with all the board members with each of board member all of them said no!
If this was to go to the japanese court again past history shows the court will side with the board 9 times out of 10.
Dealing with the market in japan is not like it is in the west. NO matter how much you wish it to be its not.
History's already shown this.
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Nope. Never once said that "Loeb will get his way"
I doubt he will. The sony management are wedded to their one-sony dream. But it may happen by default. TV has already been spun off to die. PC's are gone.
One by one the consumer electronics will vanish.
Spony is already sooo much smaller than it was just a few years ago and this will continue until the good bits (Music, Movies, Playstation and some none consumer electronics remain + insurance of course)
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Well, i was wrong on that but you implied it!
"But may happen by Default"
what? I mean its one thing to try to sit there and say they will spin off parts of the company, but saying Sony will not be making electronics is just very wishful thinking! with the fact there is over 140+ billion in physical assets there is very unlikely any chance for Sony to sell off those kind of Assets in any short time frame, hell it cost's them in Billions to restructure, selling off those Assets means looking for companies willing to take off the part of the company @ a price Sony's Board is willing to divest themselves of, and that takes Time!
And for the fact some of those ASSETS ARE WORTH THE ASKING PRICE Sony is asking for, because if they were not, Sony would have been able to offload them already, not very many companies has the cash on hand to purchase the physical Asset that Sony has at the price they would ask for it, thus they are trying to wait it out, its classic "The Vultures" want to buy cheap because 3rd party "RATING COMPANIES" LOWER THE PERCIEVED VALUE OF SAID COMPANY SO AS TO BUY SUCH ASSETS CHEAP (BUY LOW SELL HIGH)
The very fact Dan Loeb asked for a starting bid of Sony's Entertainment assets for starting @ 20% shows exactly why they want to take that large of chunk out of control away from the board , the board told them to in a very polite manner No!
at this point , the fact that Sony's board is cutting out parts and down turn production shows they are in fact cutting where they in fact need too.
Sony employs over 138,000+ people mainly Japanese, they are and mostly looking out for those employed, Again the west has been trying this for over 40 d@mn years, again there is many times proof + that what works in the west does not work that way in japan, if it did this would not really be an issue, even under Abe's direction, the change to more west centric ways of the market is not anywhere where it would need to be in japan to make that type of change that you and many other's seem to be looking for to happen, past history shows that you are going to be waiting for a very long d@mn time, if ever!