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Wednesday, July 05, 2006
Sony takes out a loan
Sony took out an eighty billion yen loan and cut over ten thousand jobs. It was said that the loan was flexible and the sum was more then what they planned to borrow. They are starting to feel the punch of the blue ray. Sony hasn't borrowed money for over a decade now. Does taking out a loan from the bank seem not a good idea to anyone else. I see it not a good idea because they should really listen to the consumer. Most consumers don't care or want blue ray for that matter. I see Nintendo just having more of a chance all of the time to take the throne back.