Breaking News: Sony's stock falls 7% to $15 dollars. 32 year low.

Just a few days ago they were at $18 a share. Now theyve dropped 7% to $15.35 dollars a share. 7% on friday (today). They also posted total losses of $5.7 billion dollars. This is JUST from an hour or so ago.

http://www.chicagotribune.com/business/sns-rt-us-sony-sharesbre84a06s-20120510,0,4659946.story

TOKYO (Reuters) -Sony Corpshed more than 7 percent to hit a near 32-year low on Friday, a day after it posted a record annual loss of $5.7 billion and failed to convince investors that it has a sound strategy to turn around its loss-making TV business and boost smartphone sales.

The Walkman andPlayStationmaker has lost its innovative edge, falling behind Apple andSamsung Electronics, and guidance for the current financial year has failed to impress.

"I didn't see anything positive in there," a trader at a U.S. bank said. "There is really nothing in there that can justify buying the stock."

"You see the loss narrowing in the TV business. That's fine, but I don't see any future in the TV business, so it doesn't matter what they do."

He said Sony's forecast of 33 million smartphone shipments this business year looked optimistic because its supplierQualcommfaced capacity constraints and Qualcomm's main priority was to supply Apple Inc, which means Sony may not secure enough chips for its smartphones to meet its target.

Sony shares were at their lowest since September 1980, said the company citing Nikkei Quick data.

They just hit a 32 year low. investors have no confidence in them, and NOTHING Sony is currently doing seems to be making a difference. This is how the real world views Sony right now. They arent doing anything innovative or market leading.

Now I know cows are going to start crying over the "sony is doomed" threads, so my question to cows is.......how many more of these billion dollar "losses" and stock drops, etc..... have to happen (back to back) before we are allowed to say something about it?

7% by the way, is ALOT. Their market cap is now 15 billion dollars. Out of that $15 billion, how many more times do you think Sony has to pull $2.8 billion losses out of their ass, before we are allowed to say that things arent business as usual, without you crying?

Eww...Things don't sound good for Sony. Hopefully they start doing better. At least profitable.

I'm almost thinking of buying some. This company is primed for a massive comeback, I can feel it.charizard1605

[QUOTE="charizard1605"]I'm almost thinking of buying some. This company is primed for a massive comeback, I can feel it.zarshack

Are they bankrupt yet?

Here comes the bovine herd rushing in to convince us all that this is normal in business and Sony is fine.

A company like Sony does not need a PR team when they have their fanboys doing all their PR work for them.

[QUOTE="charizard1605"]I'm almost thinking of buying some. This company is primed for a massive comeback, I can feel it.zarshack

So like I said cows, when will we FINALLY be allowed to say it? When they were put on deathwatch, you cried until the posting level was raised. When it hit $15, we arent allowed to. What about when it hits $12? What about when it hits $9?

When will we FINALLY be allowed to express concern without rustling your jimmies?

I'm almost thinking of buying some. This company is primed for a massive comeback, I can feel it.charizard1605

They are nowhere near any kind of a comeback. They have so much going against them in so many divisions that it would take a miracle for them to survive this.

I would buy some if I had any idea how to go about buying stocks.

Here comes the bovine herd rushing in to convince us all that this is normal in business and Sony is fine.

A company like Sony does not need a PR team when they have their fanboys doing all their PR work for them.

CanYouDiglt

Everything is business as usual LEMMING. Dumb delusional troll. hurr..durr..

Oh noes, "sony iz doomed" :roll:. Go play kinect star wars! Its perfectly normal and healthy for Sony's stocks to fall 7%, to a 32 year low (shattering its previous 24 year low that it just hit recently).

Mooooooo

:lol::lol::lol:

buy buy buy.

Sony will dominate soon.campzor

LOL, keep thinking that. Sony isn't dominating in anything right now.

It's really a shame Sony is the one in financial trouble. Hate to see them go under... the console industry with just Microsoft and Nintendo? Ugh.

I'm almost thinking of buying some. This company is primed for a massive comeback, I can feel it.charizard1605

I love Sony's products, but no. LOL.

I mean nobody knows for sure, but just look at NOK (Nokia) and RIMM (Research In Motion = Blackberry). Obviously they are in a different business (handsets), but basically Apple is destroying them in the same way Sony is being destroyed. I've dabbled with shares of each, and it aint pretty. I got out of RIMM just in time and made a little profit on a bounce they had from 13 to 14, but in NOK it's just been straight down 25% and I still have it. (bought when it first went under $4.00 thinking that NO WAY it would go lower considering they had no debt, and maybe would get a bounce on their new phone... but I guess not because now it's like barely hanging to $3.00).

It's really a shame Sony is the one in financial trouble. Hate to see them go under... the console industry with just Microsoft and Nintendo? Ugh.

Vari3ty

What does Sony's stocks have anything to do with System Wars?mario-galaxys

[QUOTE="mario-galaxys"]What does Sony's stocks have anything to do with System Wars?campzor

]

LOL, keep thinking that. Sony isn't dominating in anything right now.

Shinobi120

I really dont get why this important in a gaming website?? are lems that desperate or something? like you cant sleep without creating teh "sony is doomed" thread? :?

Personally i'd say i wish them luck cuz i dont want to see ppl working for them losing their jobs and me as a gamer they are bringing great games to me and thats what matters besides the TV division is hurting them not to mention exchange rates and natural disasters. Gaming division and playstation are far from bad.

people like TC are really pathetic no offense.

Here comes the bovine herd rushing in to convince us all that this is normal in business and Sony is fine.

A company like Sony does not need a PR team when they have their fanboys doing all their PR work for them.

CanYouDiglt

[QUOTE="CanYouDiglt"]

Here comes the bovine herd rushing in to convince us all that this is normal in business and Sony is fine.

A company like Sony does not need a PR team when they have their fanboys doing all their PR work for them.

DarkOfKnight

Doomed for sure

[QUOTE="finalstar2007"]

I really dont get why this important in a gaming website?? are lems that desperate or something? like you cant sleep without creating teh "sony is doomed" thread? :?

Personally i'd say i wish them luck cuz i dont want to see ppl working for them losing their jobs and me as a gamer they are bringing great games to me and thats what matters besides the TV division is hurting them not to mention exchange rates and natural disasters. Gaming division and playstation are far from bad.

people like TC are really pathetic no offense.

CanYouDiglt

[QUOTE="DarkOfKnight"][QUOTE="CanYouDiglt"]

Here comes the bovine herd rushing in to convince us all that this is normal in business and Sony is fine.

A company like Sony does not need a PR team when they have their fanboys doing all their PR work for them.

CanYouDiglt

[QUOTE="DarkOfKnight"][QUOTE="CanYouDiglt"]

Here comes the bovine herd rushing in to convince us all that this is normal in business and Sony is fine.

A company like Sony does not need a PR team when they have their fanboys doing all their PR work for them.

CanYouDiglt

[QUOTE="campzor"][QUOTE="mario-galaxys"]What does Sony's stocks have anything to do with System Wars?StrongDeadlift

[QUOTE="CanYouDiglt"][QUOTE="DarkOfKnight"] But first, here is the ignorant anti-sony force five going over board and flamebaiting. Right captain turd?DarkOfKnight

Oh and do not be so sad about the Sony news.

I really dont get why this important in a gaming website?? are lems that desperate or something? like you cant sleep without creating teh "sony is doomed" thread? :?

Personally i'd say i wish them luck cuz i dont want to see ppl working for them losing their jobs and me as a gamer they are bringing great games to me and thats what matters besides the TV division is hurting them not to mention exchange rates and natural disasters. Gaming division and playstation are far from bad.

people like TC are really pathetic no offense.

finalstar2007

Really? You dont see why a major hardware manufacturer of one of the largest gaming brands in existance posting VERY large losses, facing the very REAL (no matter how much it bothers cows) possibility of them going bankrupt (which affects the PS4) matters on a gaming website? :roll:

Cry me a river. We get it, you dont like hearing bad news about Sony, but the way you're talking to me, its almost as if you believe Im the one who authored that article, or posted those losses. This is how the real world (outside of System Wars) sees Sony. If that bothers you emotionally, im sorry.

It's really a shame Sony is the one in financial trouble. Hate to see them go under... the console industry with just Microsoft and Nintendo? Ugh.

Vari3ty

Honestly, that would have terrible consequences for all concerned.

Hopefully they bounce back. I knew they shouldn't have entered another expensive handheld into a market that doesn't have a lot of space for it. That was nearly the final nail.

[QUOTE="finalstar2007"]

I really dont get why this important in a gaming website?? are lems that desperate or something? like you cant sleep without creating teh "sony is doomed" thread? :?

Personally i'd say i wish them luck cuz i dont want to see ppl working for them losing their jobs and me as a gamer they are bringing great games to me and thats what matters besides the TV division is hurting them not to mention exchange rates and natural disasters. Gaming division and playstation are far from bad.

people like TC are really pathetic no offense.

StrongDeadlift

Really? You dont see why a major hardware manufacturer of one of the largest gaming brands in existance posting VERY large losses, facing the very REAL (no matter how much it bothers cows) possibility of them going bankrupt (which affects the PS4) matters on a gaming website? :roll:

Cry me a river. We get it, you dont like hearing bad news about Sony, but the way you're talking to me, its almost as if you believe Im the one who authored that article, or posted those losses. This is how the real world (outside of System Wars) sees Sony. If that bothers you emotionally, im sorry.

I guess when lems got nothing to play, they just sit in their computer whole day googling sony's sales..j_assassin

i lol'd,,, its true, make me feel embarrassed owning a 360

I guess when lems got nothing to play, they just sit in their computer whole day googling sony's sales..j_assassin

Sad to see Sony go down, pathetic when gaming companies are reduced to putting gimmicks and cheap games for the *casual crowd* to make ends meat.

[QUOTE="Vari3ty"]

It's really a shame Sony is the one in financial trouble. Hate to see them go under... the console industry with just Microsoft and Nintendo? Ugh.

StrongDeadlift

[QUOTE="CanYouDiglt"][QUOTE="DarkOfKnight"] Grow up. You are only proving my point. BTW, I own a 360 lemming.DarkOfKnight

Thats interesting. All he did was talk about Sony, and post an obnoxious picture, yet on 3 seperate occasions you have attempted to insulted him PERSONALLY, Insults which on every occasion, he has not returned.

He is certainly the immature one. :roll:

[QUOTE="j_assassin"]I guess when lems got nothing to play, they just sit in their computer whole day googling sony's sales..DarkOfKnight

[QUOTE="StrongDeadlift"][QUOTE="DarkOfKnight"]Thats funny, for a long time now I have seen the you can't play sales line very common. Who started that? Oh right, Lemmings and Cows attacking Sheep over getting their butts kicked every month.DarkOfKnight