Sony's Too Big And Poised To Fail
By Rahul Garga:There used to be a certain prestige in owning Sony (SNE) products - once upon a time. In the '80s and '90s Sony was associated with high quality, technological superiority and innovation. Today it is thought of as a bungling giant, encumbered by its bureaucracy in an ever changing world. This is not the same youthful, agile company that bounced back from being taken by surprise in the MP3 market by innovating and launching the short lived, but highly popular, MD players. It is certainly not the same company that stormed the gaming market by dethroning Nintendo and Sega in the late '90s. Lately, it has not even been able to capitalize on its strengths let alone foray into new market space. Look at the dismal market performance of the stock over the past 5 years:
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Admittedly, the consumer electronics space has been hard hit by theComplete Story »
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