Video Asylum

Calling racerguy, did you see SONY PS3 turns from loss to profit

212.146.11.98

Ole Lund Christensen

as I predicted last year. Please forgive me, I just an engineer :-)

But I did not buy SONY shares, because we live in strange times, SONY profits are up and SONY shares have dropped 16% in price this year.

What we have is a bank crisis, caused by silly MBAs, who lend out money without checking the value of the assets.

SONY have reduced the year sales target for PS3 14% down to 9.5 million.
Given the state of the world economy, that seems sensible.

see link

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aWx5o1rbG0Ic (Open in New Window)

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