Sony may be in a little bit o' trouble

http://www.bloomberg.com/apps/news?p...refer=asia/url

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Sony Borrows 80 Bln Yen for First Bank Loan in 10 Yrs (Update1)

Sony's credit rating was cut one level to A2 in December by Moody's Investors Service, which said a recovery in earnings and cash flow would take longer than some analysts had forecast.

The electronic maker's net income for the year starting April 1 may rise 5.2 percent to 130 billion yen from the previous year, the company said in April. Sony is in the second year of a three-year plan that eliminates 10,000 jobs and cuts 200 billion yen in costs.

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Never can tell with the big boys, could be just a way to get some cheap capital, or it could be a sign that ROI (return on investment) isn't nearly as high as they had hoped. One thing becomes clear out of this though, this 700 million dollar loan will put extreme pressure on the PS3 and the music side to perform in an expedited manner. They are laying off for the first time in the last 10 years as well, interesting.

$700 million is not that much and you're as big as Sony, its not a big deal. A2 is still investment grade so they're not getting killed on interest rates either.

Diff-chan? Awesome.

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Originally Posted by Cheebs

Diff-chan? Awesome.

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I lol'd.

Diff-chan? lol.

diffusionx was catchier, tho.

Sony stopped mattering two years ago. I can't wait to see the Ps3 flop.

I bet it won't.

tell us about the archers of loaf

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Originally Posted by Josh

I bet it won't.

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Me too.

Remember when consumers balked at the 3DO's $700 price tag? Times sure have changed. Sure, people are still bitching about the PS3's price, but the difference is that it'll still sell like crazy.

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Originally Posted by Josh

I bet it won't.

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I second this, to many Sony name fanboys will ensure it doesn't.