After Fighting Idea for Years, Sony is Ready to Dump TV, A/V, & Smartphone Businesses

In a revealing presentation with the press yesterday in Japan, embattled Sony CEO Kazuo Hirai told the media that the company is finally ready to consider alternatives for its TV, A/V, and smartphone businesses, including exiting them. This is a … Continue reading

Sony Cuts Get Deeper – A Third of U.S. Staff to be Cut; 20 Sony Stores Will Close

Although not a surprise, Sony Electronics in San Diego began releasing details of a substantial cutback in U.S. facilities and personnel. The company says it will cut 33% of its U.S. staff – about 1,000 employees. Also, the company announced a … Continue reading

It’s Official, Moody’s Says Sony is ‘Junk’

In a move that has been highly anticipated or, depending on your point of view, highly dreaded,  Moody’s Investors Service cut its credit rating on Sony Corp. by one notch, dropping it below investment grade – taking it to “junk” … Continue reading