http://www.ps3center.net//news/3253/sony-restructuring-saving-3-billion/

Cool looks like sony is not down and out then.

I was just about to post this
For you lazy people...

Sony recently announced a corporate restructuring in a bid to reduce costs and return to profitability amidst the economic downturn. This restructuring has now begun to reap rewards.

"We're making good progress in our restructuring efforts and expect to save over JPY 300 billion ($3 billion) in cost reductions in fiscal 2009," said the corporation's CEO Sir Howard Stringer.

"I can tell you we believe business is improving, and we hope to improve shareholder value in the months ahead," he added. "We're working on profit recovery and growth strategy, that's what we're committed to."

Sony lost $1 billion in fiscal 2008, which led to the closing of around eight manufacturing plants and slashing of 16,000 jobs

Geez. Too bad they didn't do this sooner.

Nice.
I knew they'd pull through!

NO this cant be, I thought Sony was DOOMED!!!!!!!

Carl2291 said: I was just about to post this For you lazy people... Sony recently announced a corporate restructuring in a bid to reduce costs and return to profitability amidst the economic downturn. This restructuring has now begun to reap rewards. "We're making good progress in our restructuring efforts and expect to save over JPY 300 billion ($3 billion) in cost reductions in fiscal 2009," said the corporation's CEO Sir Howard Stringer. "I can tell you we believe business is improving, and we hope to improve shareholder value in the months ahead," he added. "We're working on profit recovery and growth strategy, that's what we're committed to." Sony lost $1 billion in fiscal 2008, which led to the closing of around eight manufacturing plants and slashing of 16,000 jobs

yea thanks for that when i copy and paste it does not work >.<

Dno said: Carl2291 said: I was just about to post this For you lazy people... Sony recently announced a corporate restructuring in a bid to reduce costs and return to profitability amidst the economic downturn. This restructuring has now begun to reap rewards. "We're making good progress in our restructuring efforts and expect to save over JPY 300 billion ($3 billion) in cost reductions in fiscal 2009," said the corporation's CEO Sir Howard Stringer. "I can tell you we believe business is improving, and we hope to improve shareholder value in the months ahead," he added. "We're working on profit recovery and growth strategy, that's what we're committed to." Sony lost $1 billion in fiscal 2008, which led to the closing of around eight manufacturing plants and slashing of 16,000 jobs yea thanks for that when i copy and paste it does not work >.<

Try CTRL+ V

They lost $1.7 billion in the last quarter... you do the math.

We'll see how this will reflect in the next fiscal report

Im guessing then that without these saving measures, Sony really would of went bankrupt, literally....