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Losses of Japanese Electronic Firms Worsen

Japanese electronic companies have been hit hard due to stiff competition, losses due to natural disasters and a very strong Yen.

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bloomberg.com
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T9003550d ago

"Kazuo Hirai, named last week to take over as CEO starting April 1, said he will review the businesses and close less- competitive ones. Sony, worth more than $100 billion in 2000, is now valued at about $19 billion."

Wow no wonder there were rumors of Sony exiting the console business. Anyways as a consumer i would be cautious before buying Sony products since if they closed down there would be no future support. Hence i would think my investment in games would be safer on other devices like the PC or the Xbox 360.