Analysts says good things, Sony shares go up |
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Looks like some analysts got bitten with the common sense bug and decided not to join the Sony-bashing.Goldman Sachs, a leading investment bank, said Sony's going to be OK. The whole negative brouhaha about the European PS3 launch delay and the computer battery recall is coming to an end, and it's time for investors to stop worrying about Sony's strategy. Also, Goldman Sachs points out that Sony has many different businesses, so it'll be fine.
This is nothing new. As we said as far back as October 15, all this "Sony is in trouble" end-of-the-world-ism just doesn't make sense. As we said before:
- Sony Corporation (Soni Kabushiki-gaisha) had around 67 billion US dollars in sales last year.
- Sony Pictures Entertainment is the TV and film arm of Sony. Last year's group sales were about 6.6 billion US dollars.
- Sony acquired Columbia Records, MGM, Columbia Pictures, and Aiwa.
- Sony holds (in part) United Artists Corporation, Orion Pictures, Merv Griffin Entertainment, and TriStar Pictures.
- Sony Ericsson, according to research consulting firm Gartner, is the fourth largest mobile phone maker in the world.
- Other Sony joint ventures include Sony BMG Music, Sony/ATV, S-LCD Corporation (with Samsung), ST Liquid Crystal Display Corporation (with Toyota), Optiarc (with NEC), and FeliCa (the standard method of mobile payments in Japan; Sony owns part of it).
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Comments
good to hear for me :D (having sony stocks)
but wasn't sure which venture to choose. I was looking at RSPs and Bonds, but I might buy some stock.
Wow sony acquired all those companies this year? MGM, Columbia Pictures, and Columbia Records were really big companies.
It would take quite alot for Sony to go out of business
bout f'n time. All dis anti-sony *****'s got me down lol.
Lets keep this clean, if any haters wanna hate, do it somewhere else....
It's first nature for people to bash the enemy when they spend hundreds on an xbox or wii because they don't have the money to throw away into a new console... let haters hate, bashers bash... and us gamers, we'll game
Those are old acquisitions. Sony has been HUGE for a long time now. It will take more than a bunch of recalled batteries and a costly new-product-rollout to take Sony down.
ps3 suck so much man!
wii is poop, yay!
burnt pizza is the best, ya. ps3 rocks my burnt pizza wii sucks the pepperoni.!
my mommy says game suck. i say game good for poo
u suck man. i like poo
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