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Sony shares plunge 15%
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Sony is planning a multi-billion dollar revamp
Sony shares have plunged by 15% as investors punish the firm for surprisingly weak results.
Almost $8bn has been wiped of the value of the world's leading consumer electronics maker since it made the shock announcement last Thursday.
The sharp decline in Sony's share price sent the wider Japanese stock market down 1.2% to close at new 20-year lows on Monday.
Sony's shares closed at their weakest level in seven years after falling by the daily limit for the second consecutive day of trading.
Investors have not been comforted by Sony's decision to embark on a multi-billion dollar three-year revamp to address the decline.
The company, creator of the PlayStation and maker of last year's hit film Spider-Man, said it lost 111bn yen (£579m; $923m) in the first three months of 2003.
This was almost 20 times the loss for the same period last year.
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Raed it an weape Ninteh fanbouus!!!! Da PS2 maeks mo' moneh and Sony iz tacin ova du wuuuulrd!!!
roffle roffle!!! Wiv class gaems liek GTAVC, nuffin can stop Soneeeeeeeeeee!!!
=================
Sony is planning a multi-billion dollar revamp
Sony shares have plunged by 15% as investors punish the firm for surprisingly weak results.
Almost $8bn has been wiped of the value of the world's leading consumer electronics maker since it made the shock announcement last Thursday.
The sharp decline in Sony's share price sent the wider Japanese stock market down 1.2% to close at new 20-year lows on Monday.
Sony's shares closed at their weakest level in seven years after falling by the daily limit for the second consecutive day of trading.
Investors have not been comforted by Sony's decision to embark on a multi-billion dollar three-year revamp to address the decline.
The company, creator of the PlayStation and maker of last year's hit film Spider-Man, said it lost 111bn yen (£579m; $923m) in the first three months of 2003.
This was almost 20 times the loss for the same period last year.
=================
Raed it an weape Ninteh fanbouus!!!! Da PS2 maeks mo' moneh and Sony iz tacin ova du wuuuulrd!!!
roffle roffle!!! Wiv class gaems liek GTAVC, nuffin can stop Soneeeeeeeeeee!!!
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That's from the BBC website, isn't it?
It doesn't really tell the whole story, either.
"After the Tokyo market closed on Thursday, Sony reported a consolidated net profit of 115.52 billion yen ($NZ1.7 billion) for the business year to March 31, more than seven times the prior year's result but far short of its 180 billion yen target. "
http://www.stuff.co.nz/stuff/0,2106,2428732a6026,00.html
Sony's profits actually increase sevenfold, but shares get dumped because they said they'd increase by x11. It's a strange old world, eh?
Still, should Sony be worried by that or not? I think not.
How anyone could accurately predict profit levels when they are increasing so fast is beyond me - it's to be expected that they get it wrong. If they were actually making a yearly loss, then things would be different...
It doesn't really tell the whole story, either.
"After the Tokyo market closed on Thursday, Sony reported a consolidated net profit of 115.52 billion yen ($NZ1.7 billion) for the business year to March 31, more than seven times the prior year's result but far short of its 180 billion yen target. "
http://www.stuff.co.nz/stuff/0,2106,2428732a6026,00.html
Sony's profits actually increase sevenfold, but shares get dumped because they said they'd increase by x11. It's a strange old world, eh?
Still, should Sony be worried by that or not? I think not.
How anyone could accurately predict profit levels when they are increasing so fast is beyond me - it's to be expected that they get it wrong. If they were actually making a yearly loss, then things would be different...
I love Top Spore.
Top Score sucks and blows at the same time.
Top Score sucks and blows at the same time.
Sony shares plunge 15%
=================
Sony is planning a multi-billion dollar revamp
Sony shares have plunged by 15% as investors punish the firm for surprisingly weak results.
Almost $8bn has been wiped of the value of the world's leading consumer electronics maker since it made the shock announcement last Thursday.
The sharp decline in Sony's share price sent the wider Japanese stock market down 1.2% to close at new 20-year lows on Monday.
Sony's shares closed at their weakest level in seven years after falling by the daily limit for the second consecutive day of trading.
Investors have not been comforted by Sony's decision to embark on a multi-billion dollar three-year revamp to address the decline.
The company, creator of the PlayStation and maker of last year's hit film Spider-Man, said it lost 111bn yen (£579m; $923m) in the first three months of 2003.
This was almost 20 times the loss for the same period last year.
=================
Raed it an weape Ninteh fanbouus!!!! Da PS2 maeks mo' moneh and Sony iz tacin ova du wuuuulrd!!!
roffle roffle!!! Wiv class gaems liek GTAVC, nuffin can stop Soneeeeeeeeeee!!!
=================
Sony is planning a multi-billion dollar revamp
Sony shares have plunged by 15% as investors punish the firm for surprisingly weak results.
Almost $8bn has been wiped of the value of the world's leading consumer electronics maker since it made the shock announcement last Thursday.
The sharp decline in Sony's share price sent the wider Japanese stock market down 1.2% to close at new 20-year lows on Monday.
Sony's shares closed at their weakest level in seven years after falling by the daily limit for the second consecutive day of trading.
Investors have not been comforted by Sony's decision to embark on a multi-billion dollar three-year revamp to address the decline.
The company, creator of the PlayStation and maker of last year's hit film Spider-Man, said it lost 111bn yen (£579m; $923m) in the first three months of 2003.
This was almost 20 times the loss for the same period last year.
=================
Raed it an weape Ninteh fanbouus!!!! Da PS2 maeks mo' moneh and Sony iz tacin ova du wuuuulrd!!!
roffle roffle!!! Wiv class gaems liek GTAVC, nuffin can stop Soneeeeeeeeeee!!!
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