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Sony’s Credit Rating Cut To “Junk” By Moody’s
Techcrunch ^ | 01/27/2014 | Romain Dillet

Posted on 01/27/2014 4:12:10 PM PST by aimhigh

Bond credit rating agency Moody’s cut the credit rating of Sony from Baa3 to Ba1 with a stable outlook — Ba1 is also just below investment grade. In other words, Sony is considered a speculative investment right now and it will become harder for the company to borrow money.

Today’s downgrade comes from its volatile net profit. Despite many staff cuts, some divisions, such as its PC and TV activities, are still losing money or are barely in the black. Increased competition in these areas are to blame.

(Excerpt) Read more at techcrunch.com ...


TOPICS: Business/Economy
KEYWORDS: creditrating; sony

1 posted on 01/27/2014 4:12:10 PM PST by aimhigh
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To: aimhigh

Sony was once on top of the world....now, it is ready to go the way of so many other brands.


2 posted on 01/27/2014 4:19:54 PM PST by Erik Latranyi (When religions have to beg the gov't for a waiver, we are already under socialism.)
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To: aimhigh
trinitron photo: Sony Trinitron TV 1975 IMG_8106_1024.jpg

Sony Trinitron was a long time ago.

3 posted on 01/27/2014 4:22:38 PM PST by Snickering Hound
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To: Snickering Hound

Is that Bernadette Peters?


4 posted on 01/27/2014 4:23:50 PM PST by Ted Grant
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To: Erik Latranyi
Sony was once on top of the world....now, it is ready to go the way of so many other brands.

I used to love Sony products. Now, most of them are junk.

5 posted on 01/27/2014 4:36:57 PM PST by Alex Murphy ("the defacto Leader of the FR Calvinist Protestant Brigades")
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To: Erik Latranyi

Typical executive management blunder, “We’re making money so what’s the problem?”


6 posted on 01/27/2014 4:38:36 PM PST by CodeToad (When ignorance rules a person's decision they are resorting to superstition.)
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To: Erik Latranyi

I really like their cameras. In fact I bought one with 50X zoom and a digital Doubler.

They should redesign that one as a Electronic Monocular with picture capability. It would be a major hit with sportsmen and bird watchers.


7 posted on 01/27/2014 4:38:49 PM PST by The Working Man
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To: Ted Grant

Looks like a very young Meryl Streep to me.


8 posted on 01/27/2014 4:40:27 PM PST by djf (OK. Well, now, lemme try to make this clear: If you LIKE your lasagna, you can KEEP your lasagna!)
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To: Alex Murphy

Back in the early 70s I had a Sony 3 head reel to reel. Real state of the art stuff.


9 posted on 01/27/2014 4:43:48 PM PST by ChildOfThe60s ((If you can remember the 60s.....you weren't really there)
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To: Snickering Hound
How time flies. The story reminds me of THIS AD. Sony actually outlasted pretty much all of the other companies mentioned in the TV game.
10 posted on 01/27/2014 4:46:14 PM PST by Dr. Sivana ("We are not sluts."--Sandra Fluke)
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To: Alex Murphy

Same here. I have a couple of used Trinitron monitors here I bought for nothing practically on Ebay that are tied in with the cameras.


11 posted on 01/27/2014 5:02:52 PM PST by wally_bert (There are no winners in a game of losers. I'm Tommy Joyce, welcome to the Oriental Lounge.)
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To: Erik Latranyi

Sony became the rootkit of all kinds of evil.

Sometimes you mess up until there are no more “do overs.”


12 posted on 01/27/2014 5:05:32 PM PST by MrEdd (Heck? Geewhiz Cripes, thats the place where people who don't believe in Gosh think they aint going.)
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To: aimhigh
The iPod killed the Walkman?

-PJ

13 posted on 01/27/2014 5:06:37 PM PST by Political Junkie Too (If you are the Posterity of We the People, then you are a Natural Born Citizen.)
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To: ChildOfThe60s

I caught a ton of program feeds on Sony 1100 1-Inch VTRs and they were rock solid reliable.


14 posted on 01/27/2014 5:21:32 PM PST by wally_bert (There are no winners in a game of losers. I'm Tommy Joyce, welcome to the Oriental Lounge.)
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To: Alex Murphy
I used to love Sony products. Now, most of them are junk.

Most of their stuff is stamped Made in China.

15 posted on 01/27/2014 6:17:07 PM PST by Count of Monte Fisto (The foundation of modern society is the denial of reality.)
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To: aimhigh

In the early 1960’s I had a small Sony transistor radio, neatly fit in my pocket and was about 2 inches by 2 inches square. Wonderful sound. All the other makers were selling big box radios that were luggables. Loved that Sony radio, until a friend threw it out the car window because he hated the song that was playing (I had crazy friends).


16 posted on 01/27/2014 8:00:52 PM PST by roadcat
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To: Count of Monte Fisto

..................Most of their stuff is stamped Made in China. ...................

And your point is????

Most electronics are not sourced in their “home country” but rely on producers in Indonesia, Vietnam, China, Taiwan, So Korea, Mexico, where-ever a multi-national decides to produce product at the least expensive cost.

Stamped “in China” probably means that all the components from southeast Asia are assembled in China, and branded by a Japanese company.

How much of Apple’s product line do you believe was “produced” in the US???


17 posted on 01/27/2014 8:06:38 PM PST by Noob1999 (Loose Lips, Sink Ships)
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To: aimhigh

I wonder if Michael Jackson stuck them for enough to make it hurt bad enough to be reduced to a junk rating?


18 posted on 01/27/2014 8:19:20 PM PST by Rebelbase (Tagline: optional, printed after your name on post)
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To: Noob1999
How much of Apple’s product line do you believe was “produced” in the US???

None.

My point is that Japanese companies and consumers around the world were better off when Japan made things in Japan.

When Japan and the USA decided to move their manufacturing to Red China both of our economies went into the crapper.

Free Traitors and their outsourcing have ruined both countries. There will be retribution.

19 posted on 01/28/2014 7:39:05 AM PST by Count of Monte Fisto (The foundation of modern society is the denial of reality.)
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To: Count of Monte Fisto

America really, really needs to bring back American production.

Now.


20 posted on 01/28/2014 7:43:51 AM PST by Cringing Negativism Network ( http://www.census.gov/foreign-trade/balance/c5700.html#2013)
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