Here is what Standard and Poor said about Sony (another long term death sentence)..
We believe Sony's financial profile may deteriorate beyond our assumptions for the current rating because of weak earnings in its core electronics businesses.
We base the CreditWatch placement on our view that Sony's financial profile may deteriorate beyond our assumptions for the current rating because of weaker propects for a recovery in its core electronics businesses.
Standard & Poor's views prospects for Sony to restore profitability at its core electronics businesses in fiscal 2012 (ending March 31, 2013) as weakening.
The outlook on the long-term corporate credit rating on Sony is negative.
Fellow gamers check it out... Goldman Sachs issued a 64 page summary effectively stating the long term death of Sony Corporation.
Here is a summary...
Japan 2020: Sony struggling to
adapt; moving to Conviction Sell
Structural hardware business decay a dilemma for Sony
In our view, Japan’s once iconic electronics name Sony is struggling to
adapt to the reality of structural decay in its traditional entertainment
Caught in this vice and with the market in our view being over generous on
Sony’s proposed rescue plan, we downgrade the stock to Sell.
In our base case scenario, we see Sony coming to recognize its rescue plan
is not working, ...but this process would cost ¥590 bn over two years, and we see
little chance of revitalizing the business’s fortunes.We also lay out a radical
scenario to revamp Sony— divest legacy hardware, devices.
Sega & Sony were best buddies!
Sony of America & Sega were the best of friends.
Sony made the Sega CD for Sega.
In fact Sega of America CEO Tom Kalinske & Sony of America proposed the next gen SegaSony console to Sega of Japan.
I love Sega more than Sony.
I have owned all Sega consoles & played every Sega game possible.
Sega Genesis, Sonic, Shinobi Streets of Rage & Gunstar Heroes runs through my veins.
In fact I used to be a Sony PlayStation hater.
But I can not go against the factual truth.
Sony tried to help Sega. With Sega CD & proposed 32-bit SegaSony Console.
Even if Sega is special to me they made lots of WTF management mistakes.
It can't be denied.
They were this close to destroying Nintendo.
Anyone will kill for Sega Genesis' 60% US market share even today.
60% market share against both the NES & SNES
Sega was a real hero.
Sony sucks. It :):):):)ing sucks really bad. And I hate MS and Nintendo too, but Sony is really :):):):)ing up right now.
Sony is weak now, we can kill it!