Sony slumps to lowest point since 1980

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Offline 2good2btrue

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Sony slumps to lowest point since 1980

  • on: June 04, 2012, 03:24:14 AM
Sony shares tumbled below 1,000 yen for the first time since 1980 as the Tokyo stock market plunged early Monday following a dismal performance from Wall Street and amid global economic concerns.

The entertainment and electronics giant dropped 2.3 percent to 990 yen shortly after the opening bell, before recovering to 1,001 yen as of 11:20 am (0220 GMT).

Dealers said Sony last traded blow the psychologically important 1,000 yen level in August 1980 around a year after its landmark "Walkman" portable music player was released.

Sony posted a record full-year loss of 456.66 billion yen ($5.8 billion) for the year to March 2012 as it struggles with losses in its television division.

Japanese companies have blamed tough competition from rivals including South Korea's Samsung, falling prices, slow demand, the impact of severe flooding in Thailand last year, and the high yen for their travails.

The stronger yen hits Japanese exporters by making their products more expensive overseas, while eroding the value of foreign-earned profits

Sony slumps to lowest point since 1980

 :multiplespotting: :multiplespotting: :Michael_Jackson_dancing_smile     Well I'm happy for Michaels sake at least.......and all those that have been boycotting SONY...
« Last Edit: June 04, 2012, 03:28:43 AM by 2good2btrue »

Offline SEHF

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Re: Sony slumps to lowest point since 1980

  • on: June 04, 2012, 04:52:43 AM
bahahah

Offline ~Souza~

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Re: Sony slumps to lowest point since 1980

  • on: June 04, 2012, 06:24:55 AM
Isn't there this difference in Sony as TV making Sony and Sony Publishing? Maybe just me, but isn't that completely seperate?

@SEHF B.O.O.B.S.

Offline Australian MJ BeLIEver

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Re: Sony slumps to lowest point since 1980

  • on: June 04, 2012, 06:32:07 AM
Isn't there this difference in Sony as TV making Sony and Sony Publishing? Maybe just me, but isn't that completely seperate?

@SEHF B.O.O.B.S.

and futher to that isnt sony pictures separate, yet again
People laugh when I explain. And though they may laugh, that doesn't change the fact that it's still the truth.


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The end of evil is nigh
Trust in God
The righteous will prevail

Offline wishingstar

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Re: Sony slumps to lowest point since 1980

  • on: June 04, 2012, 08:20:30 AM
Sony is a very diverse company with many divisions.  One of the biggest is Sony/ATV Music Publishing.  There are some really interesting things about how this division came to be.  Including a merger with non-other than Pye Records (are you here Front?  Is this the correct Pye?)
If you read through both Wiki's for Sony and Sony/ATV you get a really good idea of the money trail we have heard about.  It must have been amazing to be in on those negotiations.....just amazing.  There's too much information to just talk about or paste here.  So here are the Wiki's for both:

http://en.wikipedia.org/wiki/Sony_Corporation

http://en.wikipedia.org/wiki/Sony/ATV_Music_Publishing

It's interesting to re-read as well some points about Sony Music Entertainment division:

http://en.wikipedia.org/wiki/Sony_Music_Entertainment
*no mention of Tommy Mottola in the Wiki...odd.

http://en.wikipedia.org/wiki/Tommy_Mottola

There are some really long, complicated money trails with Sony.  I am sure there's so much I am failing to understand.  I guess I'll put on my original, classic Walkman and just chill......drat, I don't have any cassette tapes anymore, lol.

Blessings Always

Offline Australian MJ BeLIEver

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Re: Sony slumps to lowest point since 1980

  • on: June 04, 2012, 10:57:05 AM
@ wishingstar.... remember the days when your worn out thriller / bad tape would chew from being sticky and overplayed and then it would all unravel in your walkman. and you'd be all stressed, carefully plucking out the tape so as not to rip it. but then you'd get to that point where you have no choice but to just yank out that last little bit that was stuck, only to rip it... and following that you'd go to your parents stationary drawer and get some cello / sticky tape to do a 'surgery' on your precious MJ tape and carefully stick it back together.... ah those were the days...


followed by, every time you play that tape, a short piece is the song was missing...


gotta love technology!
« Last Edit: June 04, 2012, 11:00:23 AM by Australian MJ BeLIEver »
People laugh when I explain. And though they may laugh, that doesn't change the fact that it's still the truth.


Michael is Alive
The end of evil is nigh
Trust in God
The righteous will prevail

Offline wishingstar

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Re: Sony slumps to lowest point since 1980

  • on: June 04, 2012, 11:22:50 AM
@AustralianMJBeLIEver...............

 :thjajaja121:

You're so funny!  Yes, the good ol'days of repair to the tape.  I had the worst luck with the darn thing twisting inside the reel........
God must have been laughing at me, I'd get so frustrated.  I probably bought Thriller five times.



Gotta love it...........

Blessings!

Offline paula-c

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Re: Sony slumps to lowest point since 1980

  • on: June 04, 2012, 12:35:13 PM
I assume that all of this is the product of what is happening with the global economy.

Offline VeryLittleSusie

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Re: Sony slumps to lowest point since 1980

  • on: June 04, 2012, 04:59:05 PM
I remember those old  casette days! I stil have about 200 casettes with which I dunno what to do with...  :icon_eek:
I'm so happy about the digital forms of recording music  :icon_mrgreen:
However my mp3 device is from SONY and is still called "walkman"  :icon_bounce:
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Offline SEHF

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Re: Sony slumps to lowest point since 1980

  • on: June 04, 2012, 05:15:18 PM
Isn't there this difference in Sony as TV making Sony and Sony Publishing? Maybe just me, but isn't that completely seperate?

@SEHF B.O.O.B.S.

I actually tried to explain that to someone on the forums a long long time ago but they kept telling me why I was wrong heh..

ohh now it's b.o.o.b.s. - I'll have to figure out what that's short for.. :p

Offline ~Souza~

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Re: Sony slumps to lowest point since 1980

  • on: June 04, 2012, 05:16:20 PM
Isn't there this difference in Sony as TV making Sony and Sony Publishing? Maybe just me, but isn't that completely seperate?

@SEHF B.O.O.B.S.

I actually tried to explain that to someone on the forums a long long time ago but they kept telling me why I was wrong heh..

ohh now it's b.o.o.b.s. - I'll have to figure out what that's short for.. :p

You'll NEVER guess  :icon_geek:

Offline SEHF

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Re: Sony slumps to lowest point since 1980

  • on: June 04, 2012, 05:18:20 PM
Isn't there this difference in Sony as TV making Sony and Sony Publishing? Maybe just me, but isn't that completely seperate?

@SEHF B.O.O.B.S.

I actually tried to explain that to someone on the forums a long long time ago but they kept telling me why I was wrong heh..

ohh now it's b.o.o.b.s. - I'll have to figure out what that's short for.. :p

You'll NEVER guess  :icon_geek:

That's alright you'll show me one day.


Offline blankie

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Re: Sony slumps to lowest point since 1980

  • on: June 04, 2012, 05:22:55 PM
I remember those old  casette days! I stil have about 200 casettes with which I dunno what to do with...  :icon_eek:
I'm so happy about the digital forms of recording music  :icon_mrgreen:
However my mp3 device is from SONY and is still called "walkman"  :icon_bounce:


The same  :icon_razz: :icon_razz:
LOVE YOU MORE

Offline ~Souza~

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Re: Sony slumps to lowest point since 1980

  • on: June 04, 2012, 05:31:12 PM
Isn't there this difference in Sony as TV making Sony and Sony Publishing? Maybe just me, but isn't that completely seperate?

@SEHF B.O.O.B.S.

I actually tried to explain that to someone on the forums a long long time ago but they kept telling me why I was wrong heh..

ohh now it's b.o.o.b.s. - I'll have to figure out what that's short for.. :p

You'll NEVER guess  :icon_geek:

That's alright you'll show me one day.

Wow, well at least there is nothing wrong with your self-confidence! Hahahaha. You'd wish. :icon_e_wink:

Offline marumjj

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Re: Sony slumps to lowest point since 1980

  • on: June 04, 2012, 07:41:46 PM
I have little knowledge of the divisions of Sony, only the memory of MJ and his speech about it. Damn crinkled tapes and had to stretch and iron  :LolLolLolLol:

[youtube]http://www.youtube.com/watch?v=LFZWxbEYNls[/youtube]


Offline Australian MJ BeLIEver

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Re: Sony slumps to lowest point since 1980

  • on: June 04, 2012, 07:58:20 PM
hey Sehf....


get a calculator and type in 58008 .... then turn it upside down... (an ol' gag from my elementary / primary school days)


lol, i am so immature sometimes....

 :thjajaja121:
People laugh when I explain. And though they may laugh, that doesn't change the fact that it's still the truth.


Michael is Alive
The end of evil is nigh
Trust in God
The righteous will prevail

Offline SEHF

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Re: Sony slumps to lowest point since 1980

  • on: June 04, 2012, 08:01:48 PM
hey Sehf....


get a calculator and type in 58008 .... then turn it upside down... (an ol' gag from my elementary / primary school days)


lol, i am so immature sometimes....

 :thjajaja121:

Nice.. at least the calculator isn't a tease! ahem (right a-woooh-gah)

Offline ~Souza~

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Re: Sony slumps to lowest point since 1980

  • on: June 04, 2012, 08:06:18 PM

Offline Australian MJ BeLIEver

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Re: Sony slumps to lowest point since 1980

  • on: June 04, 2012, 08:10:33 PM
sorry folks. couldn't resist...



[youtube]http://www.youtube.com/watch?v=NNC0kIzM1Fo[/youtube]
People laugh when I explain. And though they may laugh, that doesn't change the fact that it's still the truth.


Michael is Alive
The end of evil is nigh
Trust in God
The righteous will prevail

 

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