Strapped-for-Cash Sony Borrows Big Money - Kotaku Comments

Strapped-for-Cash Sony Borrows Big Money

Nintendo Gal — Wed, 05 Jul 2006 23:02:42 MDT

I really get tired of anyone saying: X company is DOOMED!111 Unless they're filing for bankruptcy there's no need to make an arse of yourself and say something of this without basing the accusation with some facts.

Nintendo Gal

Strapped-for-Cash Sony Borrows Big Money

PulpAffliction — Wed, 05 Jul 2006 15:25:53 MDT

Looks like Sony borrows money just as freely as they borrow ideas! Hehe, just kidding, I don't think it's fair to call it a negative sign that they're borrowing money, they just need financial backing for two new products they're rolling out, one of which is going to be sold at a loss, and could possibly loose a lot of money even if it turns out to be popular. So in short: It's not a sign of the end of Sony, though I would not mind ;)

PulpAffliction

Strapped-for-Cash Sony Borrows Big Money

scazza — Wed, 05 Jul 2006 05:32:08 MDT

"I think what is gonna make Sony a success is all the awesome titles coming out for the PS3 and backwards compatibility with over ten years of games." -Awesome titles arnt comming for another year+, and even then, they are few and far between -Wii backlog for download > PS3 owners only able to play what they own in physical form Sony are banking on the fact that they think they have killer software... yet this time round, very few 3rd parties are willing to exclusive to one side... so most good 3rd party games will be on both systems... then the choice falls to the consumer... 360 or ps3... plus I know sony will sell 100% of ps3s come launch, but they will jsut be losing money... they are hoping game sales will bounce back the loss on the ps3... to bad there are no games worth buying at launch. X360s attach rate is one of the highest in videogame history (same with accessories)... ps3 dosnt look to be following that suit.

scazza

Strapped-for-Cash Sony Borrows Big Money

Exor — Wed, 05 Jul 2006 05:24:13 MDT

davikken raises a good point that reminds me of something i keep forgetting: people are going to buy the PS3 because, believe it or not, very few people actually follow gaming news. as far as they're (they're the normal ones) concerned, PS3 > PS2 .Â·. money comes out.

Exor

Strapped-for-Cash Sony Borrows Big Money

Corpse Explosion — Wed, 05 Jul 2006 05:18:13 MDT

I hope they don't crash and burn. It really annoys me when people spit bile about one company vs another. Competition in the marketplace is a GOOD thing

Corpse Explosion

Strapped-for-Cash Sony Borrows Big Money

davikken — Wed, 05 Jul 2006 04:57:07 MDT

Eventhough Sony is being cocky recently, I think they will still be successful. I am certain, come launch time, PS3 will sell like hot cakes. Borrowing money isn't bad. Sometimes in order to make the omelette you gotta break some eggs. In the end, I think what is gonna make Sony a success is all the awesome titles coming out for the PS3 and backwards compatibility with over ten years of games.

davikken

Strapped-for-Cash Sony Borrows Big Money

Fuzz — Wed, 05 Jul 2006 04:55:22 MDT

Hrmm. . maybe they need it to pay their friggin huge tax bill! http://www.gamespot.com/news/6153438.html Unfortunatly for Sony, they are also going to have to start paying interest on that thing, too. No more freebees http://today.reuters.com/stocks/QuoteCompanyNewsArticle.as...

Fuzz

Strapped-for-Cash Sony Borrows Big Money

Chilly Hollow — Wed, 05 Jul 2006 04:30:15 MDT

So true, Luke314pi! Bank loans make the economy go 'round. Goodness for all, unless of course you go into Chapter Eleven, when the goodness is mostly in the investment banker's pocket. A loan, even one this big, isn't necessarily a bad sign. What Sony does with the money, that's the key.

Chilly Hollow

Strapped-for-Cash Sony Borrows Big Money

Luke314pi — Wed, 05 Jul 2006 03:51:24 MDT

I would say that it is actually a bad thing that Sony has not borrowed money for 10 years. Borrowing money is a healthy way for businesses to grow and expand. It is also very helpful in reducing taxes, which helps the bottom line.

Luke314pi

Strapped-for-Cash Sony Borrows Big Money

Exor — Wed, 05 Jul 2006 02:55:59 MDT

Exor

Strapped-for-Cash Sony Borrows Big Money

Haggis — Wed, 05 Jul 2006 02:21:07 MDT

Ouch. I wonder when the bubble will burst?

Haggis

Strapped-for-Cash Sony Borrows Big Money

scazza — Wed, 05 Jul 2006 02:16:57 MDT

It would be sad if Sony were to go bankrupt. I personally cannot stand the company, or its shoddy systems, but I can see how it would be bad for the game industry if they were to fail, or bow out of the race. Many mainstream gamers are casual sony players (you know, a little madden here, some NBA there...etc), and losing the playstation brand would alienate many gamers who rake in the money for the industry. Plus the industry is already on its knees in terms of costs for games, and if it suddenly became that 1 less system was on the market, it could impact alot of studios who were hoping to bank on both X360 and PS3.

scazza

Strapped-for-Cash Sony Borrows Big Money

shaunomacx — Wed, 05 Jul 2006 02:13:56 MDT

nothin like askin can i borrow a tenner sony?

shaunomacx

Strapped-for-Cash Sony Borrows Big Money

j0EfR0 — Wed, 05 Jul 2006 02:11:54 MDT

looks like it really is "the end of sony" (and it's about time)

j0EfR0

Strapped-for-Cash Sony Borrows Big Money

CoMus — Wed, 05 Jul 2006 01:56:05 MDT

So is this the downfall of sony or them turning around with that extra cash and giving the world something crazy good?

CoMus