Sony has been taking a beating lately. How bad is it? One of our writers sorts through the chaos in the news, pinpoints the worst threats, and considers whether Sony will be able to recover.
These are rough times for several companies. Hewlett Packard has being in the news for weeks due to Patricia Hurd's mini Watergate, Yahoo shares have been taking a bashing, and the news on Japanese electronics makers Sony has being anything but good. Their share price has reflected the roller coaster ride Sony has being going through. At the time of this writing, Goldman Sachs had moved the status of the Sony shares to neutral, citing confusion over the PlayStation Three release date.
Apart from the issue of the PlayStation Three, a more malevolent case is that of the dysfunctional batteries that has had Original Equipment Manufacturers recalling their laptops. The news is bad, could it get worse? Is the PlayStation brand going to flop? Why would it? Are the OEMs going to forgive Sony?
Or is this all just a phase? Will the Japanese electronics giant responsible for Research and Development breakthroughs such as Betamax, Blu-ray, HDMI and the Walkman brand walk away from this bigger than ever? We will look at all these issues, and then some more, as one of my favorite gadget makers (that's what they are to me) face the ill winds of misfortune.
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