Sony lowers forecasts on currency, sales decline
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some14some
Sony sinks TSE and other asian markets today. Hope, markets will recover next week.
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ptolemy
Robert Schiller and Warren Buffett were just on CNN and said that what SONY and Toyota did not see was that a stronger Yen in Japan meant a weaker dollar back in the USA, Europe and Canada. They had their heads firmly planted in their ... well, posteriors and thought as long as the trouble was confined to the US they could ride it out, they did not see what Schiller and Buffett had been warning all along, this would be global. So, the lesson, what goes up will come down.
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ptolemy
Oh by the way, is it raining salarymen yet?
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