Sony Profits down... wait for it... 98% !!??!!

[devolution]

}:> This would spell doom for any other company...

http://news.bbc.co.uk/1/hi/business/3092063.stm

 

[Anthony Ng]

The only thing I remember about SONY is that they actually broke my monitor during repair (dropped it on the ground and broke it) and then eventually replaced it with a refurbish. I would NEVER buy from them again.

 

[GT Web]

lol, our Sony TV lasted 20 years....it finally gave out last week..... :sad:

Sony makes good products.....they make the best TV's out there at the moment and they do so many great things! (PS2, cell phones, etc)

 

[bidawinner]

Thats nothing dev, ..you have to remember that's profit line.. not revenues.. thosands of publically traded comapnies operate in the red..

I dont know the sony situation..but many times in a situation like this..is when you BUY ther stock..let it fall as the doomsayers comein and spread the fear.. pick where yopu thinkn the bottom is ..then hang out for 2 quarters of positive profits to show back on the books let the hypsters get even stirred up that the stocks is going to $400 and sell..


DO NOT JUST RUN OUT AND DO THIS.. check quarterly reports ..see if it is like a one time charge or something .. a right off for a non performing subside or something. etc...

Looks like the problem is an expected one..http://news.bbc.co.uk/1/hi/technology/3092795.stm

Sony isnt going anywhere's.. probably way over staffed consideringt he production drop in playstations.. .. expect a few big layoffs .. and the doomsayers.. expect the stock to take a good hit .. and find yourself and nice entry place to buy..


http://finance.yahoo.com/q?s=SNE&d=t

http://biz.yahoo.com/p/s/sne.html
(my initial take is it is still overvalued .)

Nice cash on on 8 Billion..

Short interest is rising ( a signal that players are expecting the price to drop further)..

Shares Short 4.46M
Percent of Float 0.5%
Shares Short
(Prior Month) 3.33M
Short Ratio 2.44
Daily Volume 1.83M

I guess what I am saying is dont get all excited over headlines..

 

[Steen]

Originally posted by nameslave
The only thing I remember about SONY is that they actually broke my monitor during repair (dropped it on the ground and broke it) and then eventually replaced it with a refurbish. I would NEVER buy from them again.

Thats halarious!

I have a sony dvdplayer/all in one. it is "ok" or not bad.

 

[Anthony Ng]

Originally posted by bidawinner
... pick where yopu thinkn the bottom is ...

THAT ALONE is the most difficult part of investment ... or speculation.

 

[unclewilco]

i never had any other TV... and never will (they last that long, touch wooden shed)


(ok there is a sony plant about 15 miles away from me, and relatives have worked there, so large reductions!!)

but i have had 3 sony TVs (all still work), over the last 14 years.. plus mrs uncle.wilco still got her 13inch b&W portable thats 25 years old and works great.. from a car battery at the stables, thats feed form a windmill!!! (no kidding its the future!)

plus i want to sell pSXimport.com !

 

[bidawinner]

Originally posted by unclewilco
i never had any other TV... and never will (they last that long, touch wooden shed)


(ok there is a sony plant about 15 miles away from me, and relatives have worked there, so large reductions!!)

but i have had 3 sony TVs (all still work), over the last 14 years.. plus mrs uncle.wilco still got her 13inch b&W portable thats 25 years old and works great.. from a car battery at the stables, thats feed form a windmill!!! (no kidding its the future!)

plus i want to sell pSXimport.com !

:laugh:

Hey did you get the Snot.us ok ?

Cant wait to see what you do with it ! :laugh:

 

[unclewilco]

yes... thanks going to link it to

http://www.coughs.net/

For all your symptons of the common colds and coughs and the cure!!

nothing exciting really!

 

[unclewilco]

http://www.theregister.co.uk/content/7/31947.html

 

[system0]

yeah i read that this morning
their tv/dvd sections have had a huge slump in profits

 

[devolution]

I find that Sony stuff tends to be very over-rated and expensive.
I still remember when most Sony stuff was at least double the price of most other manfacturer's gear. IE: A 14" TV costing £150 from say Philips, Sony charged £350!

Just because they were Sony, they thought they could charge what they liked >:-( - they're slowly learning that won't wash anymore.

Originally posted by GT Web
lol, our Sony TV lasted 20 years....it finally gave out last week..... :sad:

Sony makes good products.....they make the best TV's out there at the moment and they do so many great things! (PS2, cell phones, etc)

 

[RMF]

AWw, 98%, thats to bad

I guess everyone forgets how much they've made in the past.

RMF