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| p.2 #6 · Sony and Panasonic in trouble? |
I believe that we may be reading too much into this. Sure, Sony have been struggling for years with some consumer products, they are at the down cycle in their game console division, and their enterntainment business has ups and downs. Panasonic are much less innovative, and have a very conservative mangement style, for better or for worse. And both, like everybody else except Samsung, and, maybe, LG, are hemmorhaging in LCD TVs. Also, last yea's double whammy (tsunami, then Thai floods) has left scars.
But these behemoths have much, much more staying power than some of you seem to think. The Japanese banks do not let pillars of the Japanese economy go broke, and the business establishment would find a way to bail them out if that became a problem.
Just one example: Sony may be reporting masty numbers, but they still found the cash to acquire control of Olympus, didn't they?
So no worries, say I