Sony reports $1 billion loss

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Comments

  • BigMac
    BigMac Posts: 849
    edited May 2009
    ben62670 wrote: »
    SACD, you can't copy them,


    Actually you can Ben. There IS a way but you have to have the right equipment and software. I know because one of my musician friends has done it. Long story short, you have to send the cutting master file on AIT tape or disk to a plant. He knows a few peeps and they will do it anytime he needs. For the average consumer though it is 'almost' impossible, but there is a way if you are creative enough. For all the trouble though, it's just easier to spend a few bucks and pick up what you want. No waiting for snail mail.

    http://www.canadapromedia.com/Articles/sacd/sacd.htm

    http://www.prolyd.no/index.php?name=News&file=article&sid=344

    Read the next to last paragraph
    http://themagicofradio.com/AlsAudioIndex/Workstations/Merging%20five.html

    Interesting:
    http://www.soundpure.com/showProduct.do?id=774
    DON'T CLICK THIS!!
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  • shack
    shack Posts: 11,154
    edited May 2009
    jon s wrote:
    the funny thing is that after announcing the loss, Sony stock value went up 5% because the loss was less than expected.... go figure...

    It has been a long time since investors react based on sound financial or business factors. It is all about perception and psycholgical expectations vs actual results. There are lots of example of companies posting increased or even "record" profits...but the stock price drops because it didn't meet the "expectations". Investors often react to the information...even when they don't understand the reasons or underlying factors. It is why we are seeing such wide swings on a daily basis today...investors react based on heresay, speculation, fear etc...anything but sound financial analysis. Investors try to outguess the market and speculate on what may happen rather than invest for the long term based on soundness and stabilty.
    "Just because you’re offended doesn’t mean you’re right." - Ricky Gervais

    "For those who believe, no proof is necessary. For those who don't believe, no proof is possible." - Stuart Chase

    "Consistency requires you to be as ignorant today as you were a year ago." - Bernard Berenson
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  • Danny Tse
    Danny Tse Posts: 5,206
    edited May 2009
    I would imagine Sony Music, with SACD or not, is losing money left and right. The current economic downturn is so encompassing that almost no firm can escape from it. Besides, $1 billion is nothing when compared to Panasonic's reported $4 billion loss. Even Toyota has received financial bailout from the Japanese government.
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  • ahardy17
    ahardy17 Posts: 84
    edited May 2009
    NOOOOOO my sony stocks!!!!! :(
    In-Car:
    Head Unit: Sony MEX-1GP
    Door speakers: Infinity Kappa 680.9cs
    Rear speakers: Polk db690
    Subwoofers: Memphis Audio 15-M3124
    Amps: Pioneer GM5300T, Kenwood KAC 6020, Memphis Audio MCD1.1100

    In-Home:
    Harmon/Kardon AVR 230
    Harmon/Kardon DVD 101
    Yamaha RX-V995
    Bose 161
    Bose 901
    Polk FXi30
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  • jon s
    jon s Posts: 905
    edited May 2009
    Well, Hitachi lost 8 billion, NEC 4 billion and Panasonic 6 billion... Now we aretalking some real money....
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  • petrym
    petrym Posts: 1,912
    edited May 2009
    meh.
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  • schwarcw
    schwarcw Posts: 7,335
    edited May 2009
    The BluRay and PS3 wars alone lost them a Billion $$$. If it wasn't for their all or nothing mentallity, they would have made money when everyone else lost money.
    Carl

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  • shack
    shack Posts: 11,154
    edited May 2009
    schwarcw wrote:
    The BluRay and PS3 wars alone lost them a Billion $$$. If it wasn't for their all or nothing mentallity, they would have made money when everyone else lost money.

    Agreed. Instead of trying to "corner the market" in any particular format...if they would use their name and marketing clout to support the various trends before they change (and they WILL change - more and more rapidly it seems) Sony would would not only be the "1,000 lb gorilla" of the A/V world...they would be the "VERY PROFITABLE 1,000 lb gorilla" of the A/V world.
    "Just because you’re offended doesn’t mean you’re right." - Ricky Gervais

    "For those who believe, no proof is necessary. For those who don't believe, no proof is possible." - Stuart Chase

    "Consistency requires you to be as ignorant today as you were a year ago." - Bernard Berenson
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  • cfrizz
    cfrizz Posts: 13,415
    edited May 2009
    Bingo! Their own greed led to their losses. You would have thought they would have learned that lesson from their Beta days.:rolleyes:
    shack wrote: »
    Agreed. Instead of trying to "corner the market" in any particular format...if they would use their name and marketing clout to support the various trends before they change (and they WILL change - more and more rapidly it seems) Sony would would not only be the "1,000 lb gorilla" of the A/V world...they would be the "VERY PROFITABLE 1,000 lb gorilla" of the A/V world.
    Marantz AV-7705 PrePro, Classé 5 channel 200wpc Amp, Oppo 103 BluRay, Rotel RCD-1072 CDP, Sony XBR-49X800E TV, Polk S60 Main Speakers, Polk ES30 Center Channel, Polk S15 Surround Speakers SVS SB12-NSD x2
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  • obieone
    obieone Posts: 5,077
    edited May 2009
    I'll never buy another one of their products again, so, they could completely tank tommorow, and I wouldn't give a damn.
    I refuse to argue with idiots, because people can't tell the DIFFERENCE!
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  • shack
    shack Posts: 11,154
    edited May 2009
    If a piece of Sony gear or product meets my needs, I'll buy it. I have nothing against Sony like I do M or B. I just think they are very short sighted in the way they do business. I guess they don't mind striking out quite a bit...if they can hit REALLY BIG home runs from time to time. Not the way I would approach the business...but hey...they have done ok over the years. Hardly anyone is making money in the current economic environment...maybe Sony is losing less than the others. I think they will survive and be a player in the A/V world for a long time.
    "Just because you’re offended doesn’t mean you’re right." - Ricky Gervais

    "For those who believe, no proof is necessary. For those who don't believe, no proof is possible." - Stuart Chase

    "Consistency requires you to be as ignorant today as you were a year ago." - Bernard Berenson
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  • schwarcw
    schwarcw Posts: 7,335
    edited May 2009
    shack wrote: »
    Agreed. Instead of trying to "corner the market" in any particular format...if they would use their name and marketing clout to support the various trends before they change (and they WILL change - more and more rapidly it seems) Sony would would not only be the "1,000 lb gorilla" of the A/V world...they would be the "VERY PROFITABLE 1,000 lb gorilla" of the A/V world.

    Steve,

    The interesting thing is that their business model and technology development ventures seem to be working rather well. Their strategic and management decisions seem to be emotionally based and flawed.

    You are aware that an American is the Sony Chairman and CEO?? They appointed him this year. They may be aware of some of their strategic mistakes and need to shake up their traditional thinking.

    Cathy, greed is still good. Sony needs to be more visionary, and not let their management make tactical movements based on emotion.
    Carl

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