News: Sony Pressured To Exit Electronics

Started May 28, 2013 | Discussions thread
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justmeMN Veteran Member • Posts: 6,231
News: Sony Pressured To Exit Electronics
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"But as Mr. Loeb pressures Sony executives to do more to revive the company’s ailing electronics arm, some analysts are asking, Why bother?

Sony, it is suggested, might be better off just selling insurance.

Or just making movies and music. But not electronics.

A new report from the investment banking firm Jefferies delivered a harsh assessment of Sony’s electronics business. “Electronics is its Achilles’ heel and, in our view, it is worth zero,” wrote Atul Goyal, consumer technology analyst for Jefferies, in the report, released this week.“In our view, it needs to exit most electronics markets."

"Sony’s Bread and Butter? It’s Not Electronics"

http://www.nytimes.com/2013/05/28/business/global/sonys-bread-and-butter-its-not-electronics.html

I can't imagine it, but it's a sign of how bad things are in that Sony business sector.

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