More Details on Stringer's report to Sony's shareholders.

TOKYO - Howard Stringer, the first foreigner to head Sony, tried to allay investor worries about the future of the Japanese electronics and entertainment company Thursday by pointing to a budding recovery in its core electronics business.

Stringer, wrapping up his first year at the helm of Sony, was facing shareholders for the first time as CEO at an annual meeting.

TheMART6309d ago

This just says it all: the once mighty Sony...

Sony shares have lost nearly half their value over the last five years. On Thursday, the stock rose 3.6 percent to 4,940 yen ($43).

One shareholder, who identified herself only by her surname Kasahara, said she bought Sony shares at 14,000 yen ($120).

"I bought shares in mighty Sony," she said, stressing her unhappiness about their plunge. "What are you going to do about this?" she asked, drawing laughs from the crowd.

The Real Deal6309d ago

Sony's losses have been largely due to massive restructuring costs, including job cuts, plant closures and dropping money-losing units, as well as research and development expenses for its usually profitable game division, were behind the red ink.

Uncertainties about Sony's video-game business have weighed on investor sentiments.

Sony has a lot banking on the PlayStation 3 video-game machine, the upgrade for the successful PlayStation 2, but delayed its introduction by several months to November.

Moostache6309d ago (Edited 6309d ago )

To say Sony has a lot banking on the success of the PS3 is kind of like saying the Titanic had a problem with iceburgs or water is wet.

They only have the entire future of the company and teh jobs of hundreds of thousands of people across the globe on the line.

I have not agreed with many of their moves leading up to the release of the PS3, and I still believe they are making a huge mistale in the pricing war at $600 for the fully-featured unit, but I will say this much for Sony - it takes some brass balls to go "all-in" like they are doing. I think almost any pro poker player would be intimidated at that kind of move in a game!

mikeeno76309d ago

Well, since PS3 will fail, i think we can safely say that Sony will either be
1. Bankrupt in 4 years
2. Or stay afloat but never return to its full glory as an electronics company.
3. Or (if the impossible happens) be bought out by another company or a merger takes place.

Let's face it, if ps3 sells more than 360 and Wii, it's not because the ps3 is better, it's just 100 million stupid people blindly buying the console because it has 'PS3 written on it'. Not once thinking if it is actually worse than competition that was released a year before it...

shoota336309d ago

you hate because more people like the ps's than your xbox 1.5 looser.Fact is no one want your stupid box their sitting around in every store.

Jay da 2KBalla6309d ago

you hate because yo favorite company is going to go bankrupt and is getting its ass kicked by apple and samsung. lol

shoota336309d ago

you hate cause your xflop will not exsist after ps3 comes out and Ms gets its ass kicked by google

joemutt6309d ago

You know Assasins Creed is coming to 360! Go look at the article on the homepage, your PS3 is going down, especially when little boys like you cant afford them, what are you going to do? Sell your bike? Wont be enough, lance armstrong couldnt even get enough by selling his bike. Your exclusives are getting smaller by the day, so is your fanbase.

Show all comments (15)

5 Of the Most Unlikeable Video Game Protagonists

There are good video game protagonists, and there are bad video game protagonists.

Read Full Story >>
15h ago
GhostScholar14h ago(Edited 14h ago)

I disagree that max is unlikable. Chloe is infinitely more unlikable in my opinion.

gold_drake6h ago

omg chloe was awful. i really hated her at the end haha

Cacabunga54m ago

Abby was absolute trash protagonist in every way..
Tidus was so meh to me..
On villain side, the one i didn’t like wa Micah, because they wanted him to be that way and it was brilliant👍🏽

Rancegamerx3h ago

I agree, I liked Max, Chloe was a horrible friend and a bad influence.

GooGobbler13h ago

What about that Forspoken Tw*t

MrChow6661h ago

exactly I was expecting it to be a the top of the list

ravens5222m ago

Ye I was expecting her too. Guess they actually played the game. Unlike you and whoever agrees.

Nerdmaster9h ago

Most of these aren't even that bad. Especially comparing to others like Squall "Whatever" Leonhart, Forspoken's Frey, and the guy from Atomic Heart.

-Foxtrot3h ago

Squall is one of the best developed main FF characters so...

People talk about his "whatever" thing thats at the start of the game, not the character he eventually becomes in the end.

BrainSyphoned2h ago

Squall is the best protagonists in FF so you can go whatever yourself.

BlaqMagiq12h ago

Except Squall has actual character development.

gold_drake8m ago(Edited 8m ago)

the "watever" is only present in the english localisation.
so your argument doesnt rly ... stand imo.