Sony Finances

Discussion in 'Other Systems' started by ccunningham, Nov 9, 2012.

  1. ccunningham

    ccunningham Mu-43 Veteran

    Jul 23, 2010
    I recently read an article that Sony is now rated one step above junk bonds by Moody's. Does this mean anything for Olympus users, given that Sony and Olympus just announced a big money investment/partnership arrangement?
  2. zapatista

    zapatista Mu-43 Top Veteran

    Mar 19, 2012
    Denver, Colorado, USA
    Real Name:
  3. krugorg

    krugorg Mu-43 Hall of Famer

    Jul 18, 2011
    Minnesota USA
    I wonder if Sony post-dated the check? :biggrin:

    Provided that Olympus was paid in cash or gold bullion already, I wouldn't think that this could impact them any more than it would all of the other camera companies (except Canon) that rely on Sony sensors.
  4. lenshoarder

    lenshoarder Mu-43 All-Pro

    Nov 7, 2010
  5. ccunningham

    ccunningham Mu-43 Veteran

    Jul 23, 2010
    I didn't read too deeply into the Sony investment in Olympus, I wasn't sure if cash or stock swaps were involved.
  6. jeffg53

    jeffg53 Mu-43 Veteran

    Aug 22, 2012
    Sydney, Australia
    Real Name:
    Jeff Grant
    Moodys was still rating sub prime stuff as perfect right up till the GFC. I'm surprised that they haven't been sued off the planet.
    • Like Like x 1
  7. ccunningham

    ccunningham Mu-43 Veteran

    Jul 23, 2010
    I get your point. Personally I have little faith in the corporate world after the last thirty or forty years.

    While Moody's ratings don't matter to me, I think their ratings are still relevant to financial institutions that lend money. Whether I think they should be or not is beside the point.

    And it's all beside the point here if it doesn't affect Olympus.
  8. Promit

    Promit Mu-43 All-Pro

    Jun 6, 2011
    Baltimore, MD
    Real Name:
    Promit Roy
    For the record, Panasonic and Sharp are in similarly dire straits. It is mostly a result of the TV industry collapsing suddenly, after it turned out nobody gives a _____ about 3D.
  9. ccunningham

    ccunningham Mu-43 Veteran

    Jul 23, 2010
    I'm not sure what ______ means.

    Do you mean that 3D, the "new tech" that would obsolete all the old junky HD TVs, didn't make everyone upgrade to new TVs?

    Serously though, I'm afraid I personally wasn't interested in 3DTV. It seemed complicated and sometimes problematic.

    Although I have to be honest, I'm not a TV connoisseur. I wouldn't have an HDTV at all expect a family member upgraded to a 1080p flatscreen, and no one but me wanted their 1080i rear projection unit (they were giving it away).
  10. ~tc~

    ~tc~ Mu-43 Hall of Famer

    Oct 22, 2010
    Houston, TX
    It was probably the connection to Olympus that downgraded them ... Bunch of scheisters...