Sony borrows $698 million possibly due to expected loses in PS3 manufacturing (1 Viewer)

[Harminder]

VERY interesting development... READ HERE

Detailed version HERE by Bloomberg Asia.

Some more interesting tidbits at the end of this article: http://www.playfuls.com/news_6127_So...3_Million.html.

 

[Peter Overduin]

Even MORE serious!!....

Mr. Peter Overduin needs to borrow $699 (one more dollar than Sony!) to buy the Toshiba HD-A1 HD-DVD PLayer!!

Take THAT...Sony!

Actuallly..it is a very intersting read, and does not bode well for Sony, already bleeding money heavily in year after year money losing operations. Not that it would go belly up, but increasingly puts them in a corner. From an investment view....Sony is a "sell." Hype aside, BD is not doing well...the PS3 is not going to do as well as they need it to in the first year at least and will cost more than the mere 'millions' alluded to in the article, and the business apps for Blu ray will not catch the market by storm either (its only advantage over HD-DVD).

 

[Bryan X]

$700 mil? Bah, that's just chump change. Heck, Microsoft seems to be paying that every quarter in government fines.

 

[Jeff(R)]

Consumers need to wake up. We all must post more negative stories, before Sony gets ranked as the #1 consumer brand for an eighth year in a row (seven now!) Doh!

http://biz.yahoo.com/prnews/060712/nyw079.html?.v=59

 

[andySu]

As Deckard said, “Embarrassing”.

 

[Kyle McKnight]

$1 more?

 

[Edwin-S]

HD-A1 sells for C$699 dollars in the Great White North (Canada).

Added: He is just using Sony's 698 figure minus the millions to humourously illustrate his requirement.