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Sony CLOSING Plants, CUTTING Jobs... LOTS!

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tylerdurden

Dec 9, 2008 - CST 9:36 AM
tylerdurden
Member since:
April 2008
Happy Recession Everyone.
http://www.bloomberg.com/apps/news?pid=20601087&sid=aZIqcnQCtHWQ&refer=home
“I can’t see how the company will regain its charm with consumers,” said Hiroshi Sato, chief investment officer of Tokyo-based GCSAM Co., who sold his Sony holdings. “The company might suffer from a bigger earnings decline in the second half, or even losses, if it doesn’t take any measures.”

http://news.bbc.co.uk/2/hi/business/7772597.stm
"Sony doesn't have any core businesses that generate stable profits - the next thing we want to see is what is going to be the business that will drive the company."

Gee I wonder what would be the "IT" "that will drive the company". Hmmm... does it rhyme with boob day?

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