Sony

choi

There is no need to read any of the following reports.

(1) Daisuke Wakabayashi, Sony Predicts $1 Billion Loss. Wall Street Journal, Nov 3, 2011.

Note: For its current fiscal year, that is not finished yet.

(2) James Simms, Sony Faces TV Dilemma. Wall Street Journal, Nov 3, 2011 (in the page Heard on the Street) .
http://online.wsj.com/article/SB ... 13423039845782.html

Quote:

If profit centers determine what a company is, then Sony is a financial firm and movie studio, not a manufacturer of consumer electronics. So far, management seems to lack the radical thinking needed to deal with this shift.

"While its roots and brand name are still inextricably linked to sales of hardware such as televisions and video-game consoles, most of Sony's earnings over the past decade have come from films and music and insurance and banking products.

"Without a new direction in its consumer electronics business, however, Sony's performance will continue to falter. Sooner rather than later, Sony needs to decide what it wants to be.

(3) Jonathan Soble, Japanese Pioneers Turn Down the Volume; News analysis; Panasonic and Sony admit defet in flatscreen sales battle. Financial Times, Nov 3, 2011.

Excerpt in the window of the print: Investors would prefer them to outsoure putput and focus on design, like Apple.

My comment: Lenovo has given up at least some assembly of computers etc, subcontracting Taiwanese companies. This MAY be the source of its comeback in recent years.