Sony's First Full-Year Loss in 14 Years Makes Us Look to the Past
May 15, 2009 15:55
Sony's posted a full-year loss for the first time in 14 years—98.9 billion yen ($1 billion)—fulfilling doomy prophecies—which was better than expected. Sony thinks next year will be worse.
What a very unhappy birthday week. Its original charter, with the credo,"we must avoid problems which befall large corporations," and the drive to "create and introduce technologies which large corporations cannot match" is exactly what Sony needs to follow now. We think Sir Howard gets it, but is that really enough?
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