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Posted by Roy L. Fuchs on 04/06/06 19:23
On Thu, 6 Apr 2006 11:06:02 -0700, "Mr. X" <fake@spam.net> Gave us:
>"asj" <kalim1998@yahoo.com> wrote in message
>news:1144298270.166730.36610@v46g2000cwv.googlegroups.com...
>> dude, get with the picture and the present, Sony earned $1.4 Billion in
>> profit in the 4th quarter last year and had a healthy profit for the
>> year after reversing earlier slides to cheaper rivals. and btw, most of
>> those cheaper rivals like samsung are ALSO Blu-ray supporters.
>>
>> http://www.post-gazette.com/pg/06080/670885.stm
>>
>> "ts fortunes have improved dramatically after it started selling LCDs
>> TVs developed and made under a joint venture with Samsung. Especially
>> telling of Sony's brand power is that it is beating Samsung in global
>> share of LCD TVs. Sony reported a $1.4 billion profit for the quarter
>> ended Dec. 31, up 17.5 percent from the same period a year ago, as its
>> LCD TVs sold briskly during Christmas."
>
>
>Spin. They are not actually making the LCDs any more. They're all made in
>Korea and China and Sony just slaps their name on them and uses their retail
>distrabution networks. Now that you can get a 42" 1920x1080p Septre LCD for
>$2K at Costco their profit margins from electronics will get even smaller.
>Eventually, the Chinese will get even better distrabution networks and
>people will find out that Sony doesn't make their LCD glass. Same with
>their CDR drives. At one time they could charge a premium, but eventually
>people found out they were made by Benq, so why pay 2x as much for the
>"Sony" ?
>
>
>Consider this:
>
>http://finance.google.com/finance?q=sony&btnG=Search
>
>
>Just how much more pricing pressure do you think this company:
>
>Sony (M JPY 4Q05):
>Return on Average Equity: 4.85%
>Total Liabilities 6,628,762
>Cash from Operating 124,262
>
>****debt to operating cash: 53x
>
>
>Can put on this company in DVD players:
>
>Toshiba (M JPY 4Q05):
>Return on Average Equity: 8.78%
>Total Liabilities 4,012,441
>Cash from Operating 298,589
>
>****debt to operating cash 13.4x
>
>
>While fighing this company in consoles:
>
>Microsoft (M USD 4Q05):
>Return on Average Equity: 28.56%
>Total Current Liabilities 16,747
>Cash from Operating 6,560
>
>***debt to operating cash 2.6x
>
HAahahahaha Yet another fantastic post!
Duh, George... My mouse doesn't move any more, George. He won't
play with me any more, George. --Of Mice and Men
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