Sony Stock Tumbles After Debt Downgrade

COMMENTS (6)

• Twinkies will be missed far more than this rotten company.

  Comment by YummyCremeFilling — Thursday November 22, 2012 @ 9:21am PST  Reply to this post

• I’ve sworn by Sony products for decades. I’ve had Sony products that lasted decades!

  Currently using a Sony Bravia hd tv, Sony 3D glasses and Sony Blu-Ray player. All work great.

  Apple has cast a spell over consumers and now Wall Street that style = superior goods. But it doesn’t. I’ll take actual functionality over form any day, and I’d like to think that so would most intelligent consumers, but who knows.

  I don’t get it. Sony rocks.

  Comment by Not a plant — Thursday November 22, 2012 @ 9:31am PST  Reply to this post

• Why does this news remind me of Forrest Gump’s quote “Stupid is what stupid does”? Given the bozos running Sony I shall put my bottle of champagne into the fridge now and pop the cork once certain idiots are getting the boot,

  Comment by Anonymous — Thursday November 22, 2012 @ 2:42pm PST  Reply to this post

  • Given my experience of Sony, both professionally in this business and as a customer of its products, I now avoid them at every opportunity and recommend others do the same. I will be popping my cork with you. Panasonic, on the other hand, has my sympathy.

    Comment by Ripsnorter — Friday November 23, 2012 @ 6:24am PST  Reply to this post

• Frankly, it sickens me that a company that consistently makes a good product and pushes the envelope in terms of innovation can’t compete in this world due to factors beyond their control. Sony has done a good job innovating technology and making quality products; I fully trust Sony (and Panasonic) products over virtually all other competitors. Yet because they’re more expensive, due at least in part to Japan’s refusal to completely outsource every last ounce of manufacturing, they can’t compete. Even with Sony offshoring more production than ever before, a great deal of their products are still made in Japan, by people paid a living wage who value the product and dedicate their lives to quality. Yet all that just becomes a liability in the marketplace, and that only compounds the tragedy. When one considers what Sony’s been up against in the past few years, it’s hard not to be overwhelmed: a major earthquake/tsunami/nuclear disaster, a rapidly declining Japanese economy, a brutal exchange rate that strips profit margins, and competitors utilizing labor practices that in some cases border on slavery. That Sony, Panasonic, and the other reputable Japanese companies have held up at all is astonishing. But what’s even more astonishing is the outright refusal of consumers to buy quality products, when cheaper, poorer, and sometimes immorally-manufactured alternatives exist. I desperately hope Sony can turn the ship around, but with consumers placing greater value on cost than quality, and failing to consider the conditions under which their products are made, I have a hard time maintaining that hope.

  Comment by LainEverliving — Friday November 23, 2012 @ 2:02am PST  Reply to this post

• I too worked at Sony and support mr. Snorter here. The place is lousy with scared, ambitious, spiteful people, intent on bring you down. Survival seems to be there mantra. No wonder Lynton wants out!

  Comment by Ripsnorter2 — Friday November 23, 2012 @ 9:35am PST  Reply to this post