Monday, August 10, 2009

Sony Still Bleeding Money

Howard Stringer

Sony continues to hemorrhage money at a alarming, yet deserved rate. Things have gotten so bad with them, the only way they can show slightly less losses is to fire thousands of employees, from their lawbreaking corporation. Keep it up and pretty soon, Stringer will be the only one left in the building.

Kelly Clarkson

Please keep the boycott going, as Sony has kept the stealing going. Last night, by accident I caught a glimpse of a Kelly Clarkson performance on TV and her new song "Already Gone" is a dead rip off of a song I wrote as a teenager and copyrighted with the Library of Congress in Washington, D.C. many years ago. I was so upset, offended and disgusted last night.

Britney Spears

They are unconscionable animals doing great harm to innocent people and deserve to be boycotted and brought to justice. As God is my witness, this entire criminal enterprise they have running is going to end very badly, in them forfeiting their freedom and fortunes, built on corruption and theft.

Beyonce

Their sanctimonious CEO, Howard Stringer, who is the devil incarnate and his criminal stars like Beyonce, Chris Brown, Will Smith and Kelly Clarkson, go around spewing off these grandiose, loquacious speeches about Sony being innovative and bringing the public something new, when all they do is sit around on their lazy backsides, willfully and knowingly stealing songs, movies, computer chips and technology from dozens of hardworking companies, inventors and writers.

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Sony quarterly loss $391 mln, expects more red ink

TOKYO — Sony Corp. stuck to a forecast for big full year losses, citing falling gadget prices and a shaky global recovery, even as it posted less-dismal-than-expected results for the fiscal first quarter.

The maker of the PlayStation 3 game machine and Walkman portable music player said Thursday it sank to a net loss for April-June of 37.1 billion yen ($391 million) from a 35 billion yen profit a year earlier. Quarterly sales dropped 19.2 percent to 1.56 trillion yen ($16.4 billion).

The results were better than expected because of cost cuts, an easing of the yen's appreciation and gains on the Tokyo stock market, according to Sony, which also has music and movie divisions. Analysts surveyed by Thomson Reuters were forecasting a 109 billion yen loss.

A new management team under Chief Executive Howard Stringer has been promising a nimbler Sony, but little in the way of specifics has been revealed. For decades, Sony, founded in 1946, was synonymous with quality electronics but in recent years the company has lost its footing, taking an embarrassing beating in portable music players from the iPod from Apple Inc. and falling behind in flat panel TVs...

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