back to article Sony on the ropes after Moody's downgrade to junk

Sony got off to a terrible start to the week on Monday after credit ratings company Moody’s downgraded its status to junk thanks to the continuing poor performance of its TV and PC business. Moody’s Japan said it lowered Sony’s issuer rating and long-term senior unsecured bond rating from Baa3 to Ba1. Junk status means a bond …

COMMENTS

This topic is closed for new posts.
  1. Old Used Programmer Silver badge

    Let's see...sold CDs with root kits already installed. Sued a customer for telling others how to get back the functionality they'd paid for.

    Trust Sony with medical information? Not on your life.

    1. Anonymous Coward
      Anonymous Coward

      Didn't sell many of their 4K TV's did they?

    2. Anonymous Coward
      Anonymous Coward

      Jesus give it a break with the rootkit nonsense. If you're going to whine, at least do it about something contemporary such as the vastly more privacy intrusive "features" in every single smart phone.

      1. CaptainHook

        Jesus give it a break with the rootkit nonsense.

        -----

        The rootkit was less a privacy issue and more of a damaging their customers own equipment issue, purely for the benefit of Sony.

        As consumers, we have pretty much no power, watchdogs are toothless unless it becomes a political issue.

        As consumers, our only power is to not buy from a company and that means you don't forget. Sony deserve to have potential future customers reminded about how they have treated those customers in the past for the root kits, other DRM schemes and for removing features from products after they were sold.

        1. Bronek Kozicki

          Both the rootkit affair and PS3 other OS taught consumer not to trust Sony.

          No matter whether you are consumer, corporate executive, or financial analyst, you must understand that losing consumer confidence is a terrible blow for the company. Sony never properly apologized for both blunders and thus the impression is that they never learn, in which case regaining consumer confidence is going to be difficult, to say at least.

          If this sentiment backed by low sales figures then it really does not matter what you think about such blunders. Even if these were perfectly legitimate marketing strategies, this is irrelevant. You have a company incapable of learning and thus unable to enter new markets, and also unable to sustain its existing markets. Thus, junk company.

        2. DJV Silver badge

          @ CaptainHook

          Agreed. I deliberately haven't bought anything Sony-related since then. Yes, they should learn that customers have long memories.

        3. I. Aproveofitspendingonspecificprojects

          Quite right

          I was trying to think what Sony were all about in the good old says before they began micromanaging homesexual boy bands. All I could think of was big black televisions and some nice early digital HiFi.

          It wasn't until I was reminded about the rootkit scandal that I remembered buying a load of really great CDs from someone on a car boot stall that oddly, seemed to have only Sony CDs for sale.

          Some months later I remember thinking a couple of my computers had bit the dust. They were only old ones that I just used as CD players, so never really bothered about them. Fuuuuuu....

      2. Fatman
        FAIL

        RE: Jesus give it a break with the rootkit nonsense.

        Jesus give it a break with the rootkit nonsense.

        YOU DON'T GET IT, now do you!!!??????

        Sony is run by an arrogant bunch of assholes who feel that they can do as they damn well please!

        The only way, we as consumers can express our displeasure with their actions is by VOTING WITH OUR WALLETS!!!!

        Hence why it is absolutely necessary to remind Sony's arrogant executives of their serious missteps.

        AGAIN

        and

        AGAIN

        and

        AGAIN!

        1. Anonymous Coward
          Anonymous Coward

          Re: RE: Jesus give it a break with the rootkit nonsense.

          "YOU DON'T GET IT, now do you!!!??????"

          I certainly don't. People are whining about something which was nearly a decade ago and quickly withdrawn. In the meantime, virtually every single store bought PC game in that time has imposed far worse DRM, and it continues into the likes of Steam and other services which often come with a double dose of DRM.

          And that is just PCs. Tablets and phones do far worse. Cloud services do far worse.

          People still whining about Sony and what they did 10 years ago are living in some bizarre bubble.

          1. asdf

            Re: RE: Jesus give it a break with the rootkit nonsense.

            > every single store bought PC game in that time has imposed far worse DRM

            And if you search a little you will find in most cases the far worse DRM scheme was either invented by Sony or one of their affiliate companies. Sony is still the only technology company that believes DRM is viable in the long term (mostly because they are the only tech company owned by a media studio). You also lose all credibility when you try to claim Steam is worse than anything Sony has done (obviously never dealt with either DRM then). Yes the rootkit fiasco is getting long in the tooth but its just a symptom of the arrogance that hasn't gone away even after losing tens of billions of dollars and many years straight in the red. They don't learn and they release epic fails like the Vita and now find their corporate bonds are junk.

          2. I. Aproveofitspendingonspecificprojects

            What Sony they did 10 years ago bizarre bubble.

            The problem is that as with the BBC fiasco and various other large corporation failures; once a big enough company fails, it fails in every direction immediately. It's something like a gravity wave, it is not linear and it not snippable. It either gets worse or it gets taken over by a larger concern that just wants to strip it of the one or two assets not burned by the previous owners.

            I can't recall (off-hand) any ever getting back on its feet. (Of course, there must be some.) I believe it's because of the way capitalism works. It would take an essay to describe the processes and each different type of company would have its own method of decay, a mixture of market forces, returned investment and falling demand.

            1. asdf

              Re: What Sony they did 10 years ago bizarre bubble.

              >I can't recall (off-hand) any ever getting back on its feet.

              The one the fanbois always parade is Apple in the mid 1990s and my guess is they were junk bond status back then as well. Of course there isn't a lot of Steve Jobs waiting in the wings.

        2. Psyx

          Re: RE: Jesus give it a break with the rootkit nonsense.

          "Sony is run by an arrogant bunch of assholes who feel that they can do as they damn well please!"

          Well it's a good job that you're electing to give you money to other corporations instead, who all aren't run by arseholes!

          Oh, wait... it's just that Sony fucked up publicly, whereas the ones you give money to haven't, and haven't restructured in any way and tightened security as a result of it. Good show.

          Also: Down-voted for use of four exclamation marks.

          1. Squander Two

            Re: RE: Jesus give it a break with the rootkit nonsense.

            The thing about the rootkit fiasco was that it was symptomatic of the structural problem with the firm itself. In the 80s, they decided to buy up record and film companies -- made sense at the time: become a one-stop shop for media and the gadgets to play that media on. Little did they know that record companies and tech companies were going to become bitter enemies. Some firms have resolved that dichotomy. Sony haven't. What the rootkit made clear was that their tech arm is in thrall to their media arm, and will willingly cripple their own products -- and even go so far as to vandalise their customers' property -- if Sony Records tells them to.

            And the rootkit wasn't a one-off. Around the same time, I spent an entire afternoon fixing my best friend's laptop. It was broken because he'd plugged his Sony mobile phone into the USB port and it had sloppily edited the registry, disabling the DVD-drive. Fuck's sake.

            So, until they sell off their media bastards, I won't buy Sony digital stuff. (I'll buy their headphones. They make good headphones, and they don't contain code.)

            1. Captain Queeg

              Re: RE: Jesus give it a break with the rootkit nonsense.

              > (I'll buy their headphones.

              > They make good headphones,

              > and they don't contain code.)

              Nah, Sennheiser and AKG beat them, hands down...

              1. Squander Two

                "Sennheiser and AKG"

                Oh, I didn't say I only buy Sony headphones. I just meant they're the only Sony product I'm willing to consider. Actually using some Samsons at the moment.

      3. Kevin McMurtrie Silver badge

        Go to jail

        The rootkit is not over. Maybe you missed later news that Sony helped pass laws in Japan to throw people in jail for downloading their music. http://www.bbc.co.uk/news/technology-19767970 They tried the same in other countries too but couldn't get it to pass. Or maybe you missed all the times they've lost their customer databases to hackers from negligent security. Sony can't make consumer devices anymore because it would enrage their rabid anti-consumer studio division. They're now a sad, conservative, and conflicted company that builds mediocracy and abuses their customers. I would not bet on their survival as they exist now. Japan invests heavily in their own corporations so it might be possible for Sony to break up and thrive as independents. S. Korea definitely needs a strong competitor to free people from Samsung's "you can make it work by buying the next model" attitude.

        1. dajames Silver badge

          Re: Go to jail

          The rootkit is not over. Maybe you missed later news that Sony helped pass laws in Japan to throw people in jail for downloading their music.

          That does seem somewhat draconian -- copyright infringement is a civil and not a criminal offence, so imprisonment should not be used as a penalty -- but at least it only punishes the guilty; unlike the rootkit, which compromised the privacy and security of everyone on whose PC it was installed.

          I'm surprised that Sony weren't prosecuted unde the Computer Misuse Act, in the UK, for the rootkit thing. Installing malicious software on someone else's computer without their permission is a criminal offence.

        2. Psyx

          Re: Go to jail

          "Maybe you missed..."

          I think the only thing any of us have missed is that other companies have got away with things just as bad, without getting caught.

          I steadfastly refuse to believe that any of the large corporations are morally better or worse than Sony. It's just that Sony got caught out. It would be stupid of me to think that Panasonic aren't boning me somehow behind the scenes to a worse degree than Sony.

    3. Anonymous Coward
      Anonymous Coward

      Not to mention distributed their customers' personal and credit card information across the internet, and ran an insecure online gaming platform with the up / down status of a soporific YoYo...

  2. Barry Rueger

    How the Mighty Have Fallen

    Wow. I can remember when you bought Sony stuff because it was, simply, the best.

    Gee... what other tech company is seen as untouchable, very shiny and cool, has a fanatical fan base, and is seen as having success and stock value that can't be stopped?

    1. Anonymous Coward
      Anonymous Coward

      Re: How the Mighty Have Fallen

      It still is the best. However the Walmart generation buy any old shit and are more than happy to be told that what they bought is better,

      1. Jordan Davenport

        Re: How the Mighty Have Fallen

        Still is the best? Not really. One of the best? Sure, maybe. For the time being, Samsung and LG make my favorite displays, and I merely see Sony as "comparable."

        There was a time in which I wouldn't buy any Sony product due to failures of one sort or another, starting around the launch of the PS2. Hell, even my Sony LCD TV would screw up and not shut down properly or come back on until I pulled the plug at times, only resolved after a firmware update, and it's not even a "smart" TV.

        That said, your referenced "Walmart generation" might buy whatever junk at first, but if it fails prematurely or provides a terrible experience, they won't recommend it or go back for more. Quite simply, "any old shit" brands are catching up with the quality of higher end brands for the most part. Of course they're still far from equal, but the average consumer doesn't really care anyway and wouldn't have spent the money for the higher end product in the first place.

      2. Anonymous Coward 101

        Re: How the Mighty Have Fallen

        "It still is the best. However the Walmart generation buy any old shit and are more than happy to be told that what they bought is better,"

        In the good old days, man carefully considered each purchase and bought the best. But man, being a fickle creature, sneered at the old ways. The principles that held him in good stead over the millennia fell by the wayside. Now, the generation with us today have fallen into degeneracy and buy 'old shit' if they are told to by plutocrats.

        1. wowfood

          Re: How the Mighty Have Fallen

          I'd still personally count sony as the best, but it's not the best so far as value is concerned.

          Do I believe the quality of Sony Bravia TV X is better than the nearest competitor? (Samsung, LG) Yes I do. Do I think it's a large difference? Not really, marginal at best, and most would barely notice it. Do I think it's worth paying the 50% excess in price for that TV? Not on your life.

          It's the same for their laptops, I love sony laptops, they always call out to me. But I'm not paying £1000 for the sony Vaio when I can grab the same spec laptop off novatech (sans OS) for £450.

          I'm still of the mind that Sony should just pull out of the PC market,

          Hah, that's a good thought. Maybe sony should scrap their PC division, and turn it into a Steam division making nice shiny steam boxes. Then when the 'console' generation begins to grind to a halt (I honestly don't think consoles have much more left in them, one more gen tops) they can shift their library / IP to PC via Steam.

          1. Jordan Davenport

            Re: How the Mighty Have Fallen

            "Then [...] they can shift their library / IP to PC via Steam."

            Yeah... I don't see that ever happening. As happy as that would make many consumers, myself included, I just don't see them ever letting go of their digital distribution platform and embracing someone else's. I could be wrong, but I have the feeling that Sony would rather leave the market entirely than to make marginal profits on second party software licenses sold and distributed on Steam.

            That said, yeah, I do agree that they should probably ditch their PC division - the margins were slim when the market was at its peak. Sure, competition benefits the consumer, and the PC sector is far from dead... but it's one of the easiest divisions for them to drop and probably their least profitable.

          2. Anonymous Coward
            Anonymous Coward

            Re: How the Mighty Have Fallen

            "Do I believe the quality of Sony Bravia TV X is better than the nearest competitor? (Samsung, LG) Yes I do. Do I think it's a large difference? Not really, marginal at best, and most would barely notice it. Do I think it's worth paying the 50% excess in price for that TV? Not on your life."

            You aren't a politician by any chance? They are the ones who usually ask and answer their own questions rather than string together a coherent argument for whatever it is they are trying to say. Drives me nuts. Do I want you to bring that sort of behaviour into the mainstream? No I don't!

          3. Anonymous Coward
            Anonymous Coward

            Re: How the Mighty Have Fallen

            "Do I believe the quality of Sony Bravia TV X is better than the nearest competitor? (Samsung, LG) Yes I do."

            Panasonic Viera (Pioneer plasma technology) is better though...

          4. Phil O'Sophical Silver badge

            Re: How the Mighty Have Fallen

            the 50% excess in price

            I'm curious, which TV 'range' was that? A couple of weeks ago I was shopping for a new TV (42") and for a comparable feature set there was hardly any price difference between the Sony, LG and (slightly larger) Samsung (a few euros at most). The ones that were noticeably cheaper were Philips, and the badge-engineered stuff. The Panasonic plasma has a nice picture, but at 2x the power consumption you could feel the heat radiating from it, and I'm not convinced plasma has a future, even with its slightly better contrast level.

            I bought the Sony. It replaces a 10-year-old CRT set that still gives a good picture, and is about to be donated to a charity that jumped at the chance to have it. I certainly couldn't bring myself to take it to the tip.

            1. Anonymous Coward
              Anonymous Coward

              Re: How the Mighty Have Fallen

              'plasma has no future'

              Sadly this is probably true, so you should have taken the opportunity to buy one when you still had a chance, a good (Panasonic) plasma is better than any LCD/LED. Hopefully there will be some better display tech. available when I need to replace my plasma, I hate LCD looking at LCD mush.

            2. wowfood

              @Phil O'Sophical

              the 50% excess in price

              I'm curious, which TV 'range' was that? A couple of weeks ago I was shopping for a new TV (42") and for a comparable feature set there was hardly any price difference between the Sony, LG and (slightly larger) Samsung (a few euros at most).

              Honestly, it was about 6-7 yearsa go now. The cheapest Sony I could find while looking was around the £600 mark, while same size of LG was closer to £300. I haven't really looked more recently, so the price gap may very well have closed on the TV makret.

        2. cambsukguy

          Re: How the Mighty Have Fallen

          Ended up buying a Bravia for someone because their Samsung failed within 18 months - soon followed by my Samsung, which I managed to repair at least, not so with the other one, even replacing 4 boards didn't fix it.

          The Bravia has a better picture and a menu system which appears when you press the button and is easier to operate; waiting for up to 10 seconds for the Source selection menu is insane on a £1500 TV - on any TV in fact.

          And, more importantly, the Bravia is still working, 2 whole years later.

          No more Samsungs for me despite the good picture.

          1. Ivan Headache

            Re: How the Mighty Have Fallen

            Same here.

            Daughter bought a Samsung TV, we bought them a Samsung cinema system to go with it.

            Just over 18 months later the TV screen went kack. 6 or so months after that the surround sound went kack.

            No more Samsung anything for me.

            On the other hand, I know a number of Sony Trinitrons (and some monitors) still going strong.

            1. Michael Strorm

              Re: How the Mighty Have Fallen

              "Just over 18 months later the TV screen went kack. 6 or so months after that the surround sound went kack."

              I bet your daughter wasn't pleased that Samsung "kacked" all over her bedroom, then. :-O

              "On the other hand, I know a number of Sony Trinitrons (and some monitors) still going strong."

              Yeah, my 1993 Sony Trinitron portable is over 20 years old, has been in regular use for almost all that time (still gets used daily), and has *never* needed to be repaired. Apart from some (very minor at worst) colour fringing only visible on text, it looks pretty much as good as the day I bought it.

              I paid quite a bit more for that set (£200) than the cheaper models I was looking at that day, but in retrospect it was worth every damn penny.

              Sadly, what I've heard about Sony since the early-noughties seems to have reflected a significant decline in quality. Even from personal experience, my Dad, for example, had two Sony Walkmans fail when still relatively new (*), and the HDD Sony Camcorder he bought a few years back had its screen go because of bad ribbon cable design, despite being rately used, which turned out to be a common fault. On top of that, I was never impressed with the picture quality even when it *was* working.

              To be fair, my Sony "tranny" radio lasted several years, did a good job, and was replaced with one of the same model when it did fail. However, I wouldn't use that good experience as the sole basis to spend £2000 on a Sony TV, or whatever.

              (*) The third failed as well, but that's because it was dropped on the ground.

      3. MJI Silver badge

        Re: How the Mighty Have Fallen

        Still one of the best, TVs are still very good, but other companies have caught up post Trinitron era, to be honest no other tube TV could match one.

        When looking for my current TV I went Sony for price and quality reasons, the Pioneer Plasmas were a lot more, and to be honest at the time, most other LCD TVs were poor (including cheaper Sonys) and most Plasmas looked cack.

        Look at their home cinema stuff, still among the best middle range kit, but not many people buying in that market.

        PCs well I don't do laptops but a cheap one would do. Tower PCs - build your own. May be best off dropping out of the PC market.

        That said I think Kaz can turn them around, probably best person for the job.

        I think they will rely on their gaming division for now.

      4. Psyx

        Re: How the Mighty Have Fallen

        "However the Walmart generation buy any old shit and are more than happy to be told that what they bought is better,"

        I don't pretend my £19 Asda DVD player is the best. But it does plays DVDs just as well as anything else, from any Region, still works after 8 years and *cost 19 quid!*

        The difference in the quality of consumer electronics is not sufficient to warrant the difference in price. High prices are due to perception and marketing, and not very much else... especially when half the 'choices' all come from the same factory.

      5. mmeier

        Re: How the Mighty Have Fallen

        Sony computers currently are more often than not a "well meant" instead of a "well done". Problems with the WLAN and the fan control, too small batteries to keep cost/weight down and similar minor but annoying problems. Sad since the base units are great and occasionally they show they CAN do great maschines (Duo 13 is an example)

        Future will see if they get the problems fixed and how they handle "older" units IF the fix can be applied to those (WLAN and Fan may be)

    2. Anonymous Coward
      Anonymous Coward

      Re: How the Mighty Have Fallen

      "I can remember when you bought Sony stuff because it was, simply, the best."

      And then they added DRM to it all. Remember what their digital Walkmans looked like? No me neither...

      1. Anonymous Coward
        Anonymous Coward

        Re: How the Mighty Have Fallen

        "Remember what their digital Walkmans looked like? No me neither..."

        Then you lost out due to your ignorance. Their walkmans were one of the first to support unencrypted audio that you could simply copy across using Windows Explorer.

        Sure it also played their ATRAC stuff (which sounded amazing incidentally), but they also did AAC, WMA, MP3, FLAC and many more.

        1. Anonymous Coward
          Anonymous Coward

          Re: How the Mighty Have Fallen

          > Their walkmans were one of the first to support unencrypted audio that you could simply copy across using Windows Explorer.

          Do you mean Sony's second set of walkmans were the first to do that?

          Cos I had their first walkmans - you could not copy files at all - you had to import into their shitty app and transcode into AAC.

          1. MJI Silver badge

            Re: First digital Walkmans

            Well if you look at home they developed them not too surprising.

            Basically take a MD Walkman and replace MD with HDD.

            The second generation with MP3 support were better but ATRAC sounds better than MP3, They were good, but didn't sell well - too expensive.

            I have a MiniDisc Walkman, so can see the similarities.

    3. itzman

      Re: How the Mighty Have Fallen

      No it was never the best, but it was the best you could afford without selling the dog into slavery.

      Had many CRT TVS (two left) sand still have audio setup with sony on the front and its still very very good. Still got two Sony STBS - again brilliant kit.

      But LCD TVs? Samsung are simply better value or Panasonic. Don't play games and frankly when it comes to cameras its Canon or Nikon - not Sony.

      I am not sure where the price/quality went. Maybe Japanese exchange rate, but go it did. I mourn their passing as I mourned Hewlett Packard test instruments. IN a long life or unreliable crap there are a few brands that stood against the tide Nikon lenses and cameras, HP test gear, Sony TVs and audio gear. Kodachrome slide film. Most are gone now...

      1. Ivan Headache

        Re: How the Mighty Have Fallen - Samsung are simply better value

        Until they Kack.

      2. MJI Silver badge

        Re: Cameras

        Of course Nikon and Canon have always been top. But for Video cameras Sony were a top brand, I will admit I stopped at HDV as I wanted tape, and the choice was basically a £800 Sony, a £1500 semi pro Sony, or a £1000 or so semi pro Canon.

        Back in the 80s Sony were a no brainer for the portable recorders. But JVC were the top camera.

        Mini DV was a great format for SD cameras, there were multiple good manufacturers.

    4. Goat Jam

      Optional

      Sony are a textbook example of how to destroy a business.

      Up until the 80's Sony was held in high regard by both consumers and professionals. Their products were the best in the market and they could command a price premium as a result.

      Their first misstep was an ill considered move into the low end of the market. By the mid eighties consumers were being offered cheaply made junk from SE Asia with the Sony brand on it. You could still by the proper Japanese made kit but if you were not careful you could get burnt. They were trading on their good name in order to sell substandard junk. Any graduate of Business 101 could tell you this sort of strategy will not work in the long term but the geniuses at Sony HQ pressed on anyway.

      By the late 80's audio media was shifting from analog to digital. Sony saw this shift as an opportunity to leverage their still considerable customer loyalty into using various proprietary media storage systems and thereby obtain a market spanning consumer lock in. Even while the "standard" MP3 format was in mid boom Sony was attempting to keep their customers locked into Sony's own proprietary formats. They even subtely screwed with existing standards. Anybody who has been told that "you should only use Sony branded blank CD's because others won't work properly in this Sony kit" will know what I mean here. Of course, consumers looked elsewhere for the kit.

      In the 90's, Sony decided to "diversify" by entering into the production side of the entertainment industry by buying some big name music labels and movie studios. This put them into a position where their internal business divisions had a clear conflict of interest. The electronics side of the business were driven to sell more electronics and the best way to do that is to sell the products that people wanted to purchase. Even if sometimes those products were used to consume "illicit"

      copies of media. This was in direct conflict with the media division, who were more focussed on curtailing the behaviour of consumers that it considered to be against the best interests of Sony Media. Consequently Sony became heavy users of a whole raft of anti consumer DRM technologies making their CE kit even less attractive to consumers than it already was in order to appease the media division. This culminated in the infamous rootkit fiasco of course.

      Sony are reaping what they sowed, starting back in the 80's. They won't be missed.

      1. MJI Silver badge

        Re: Optional

        You are right on the cheap crap - I managed to avoid it and I have upset sales staff telling them that.

        Now the media side, I blame everyone who bought the crappy Vhs system over the better Beta system.

        I have a still working Sanyo Beta HiFi deck and watching rental videos with that was much nicer than some Vhs crap.

        Sanyo supported Beta to the end along with Sony, they produced some indestractable decks and the best deck for pre recorded films - why?

        There were 3 UK HiFi decks, the Super made no difference for prerecorded and both Sony kept tapes laced, so had greater head wear. the Sanyo and Sony ordinary HiFi decks were very similar in performance.

  3. Anonymous Coward
    Anonymous Coward

    Love Moodys...

    Aren't they the ones that rated junk mortgages as AAA? Why does anyone listen to these blatantly inept fucksticks?

    1. Richard 26

      Re: Love Moodys...

      Feel free to set up your own ratings agency if you think you can do a better job.

      1. Anonymous Coward
        Anonymous Coward

        Re: Love Moodys...

        Just randomly rating things would be about as accurate as what they do today?

      2. Getriebe

        Re: Love Moodys...

        "Feel free to set up your own ratings agency if you think you can do a better job"

        Someone did.

        http://www.arcratings.com/uk

        For the very reason that S&P, Moody's and Fitch come from a very different world, one that has changed and also because of their blatant failures.

        Not saying ARC will be 100% accurate but the market will decide (Hyperbole much?)

    2. Frankee Llonnygog

      Re: Love Moodys...

      I know they made some popular albums back in the 1970s but the financial witterings of these prog rock dinosaurs get way too much attention.

    3. Piro

      Re: Love Moodys...

      You'd be correct.

      Their word is worthless indeed. But that's kind of how markets work - chasing worthless data in the hopes they can make a few nuggets from someone's misery.

      That plan works, well. It's how the banking sector has grown so bloated, while everything else stagnates.

    4. Dr_N Silver badge
      Black Helicopters

      Re: Love Moodys...

      "Aren't they the ones that rated junk mortgages as AAA?"

      Exactly.

      Who rates the ratings agencies?

  4. ocratato

    Lost trust

    There is an implicit conflict of interests with Sony equipment - will it do what I want, or will it do what the media arm of Sony wants? Until that is resolved, by splitting the company, their products will remain at the bottom of my list.

    1. MJI Silver badge

      Re: Lost trust

      How do they split?

      Where do you place for example the first party game studios?

    2. MJI Silver badge

      Re: Get rid of Cowell for a start

      Can't stand the git!

      Just to let Sony know, AFAIR I have never bought an alnum off them, nothing which I want for a start, perhaps you should ditch the record company.

      Keeping the film studios is a good idea for format reasons (RIP Betamax).

  5. MJI Silver badge

    Made the best video recorders.

    Like my 1982 portable, very good deck, or my late 80s home deck with every toy imaginable.

    Then early 90s they went rubbish!

  6. Bladeforce

    Theres a market here..

    Comparethecreditraters.com

    1. Anonymous Coward
      Anonymous Coward

      Lehman Brothers AAAAAAAAA++++++++!!!!!1111 great customer would buy again

      The credit ratings agencies are the same guys that were rating companies as "AAAAAA++++++ Highly Recommended" immediately prior to them going titsup en masse in late 2008.

      If one was still taking them seriously at that point, no-one could (at least to themselves) afterwards, and they haven't changed since then.

      There's no reason to believe what they say, except of course that the people lending money *do* use those ratings, if only to cover their own backs, so it's necessary to pander to it, even if the whole system is mostly BS that fails when it's most needed.

      (Interesting that Moody's former rating of Sony "baa3" sounds somewhat sheep-like, BTW ;-) )

      My theory is that they exist to provide two functions; firstly, a cover-your-back that can be pointed to for anyone in a position of power if things all go titsup, and secondly, as a generally-accepted false measure of certainty that in turn provides the market with a level of confidence it requires to keep going, regardless of whether that confidence actually has anything to back it up (i.e. something akin to fiat currency that serves a purpose despite having nothing behind it).

  7. WalterWonkite

    Couldn't have happened to a nicer company

    Perhaps the one of the contributing factors might be the fact they can't even be bothered to fix their shit laptops with an ongoing wifi problem.

  8. Anonymous Coward
    Anonymous Coward

    Customers have long memories

    Perhaps they should remember that the loss of the 'Other OS' was because some git hacked the Linux to allow pirated games to run on the PS3? You know, the PS3 that sold at a loss and paid for itself through a surcharge on purchased games?

    What on earth do you think they could have done in those circumstances? Don't whale on Sony for that - have a go at the hackers and the pirates.

    As for the DRM, that was a dumb move, made by the Sony music people (Bertlesman? my memory is not long enough) - but not the hardware guys.

    I might also point out that on current generation consoles, it was the PS4 that blazed the trail for no DRM and forced Microsoft into an about turn, so maybe credit where credit's due...?

    /And no, I don't work for Sony. I just get sick of the endless whining about rootkits and linux.

  9. TonyJ Silver badge

    Have to agree with many points

    The rootkit; the DRM, the way they used to (still? haven't bought anything Sony for years) profiteer by requiring additional items to use the piece of kit you'd just bought - my wife bought me a PS2. We'd just moved into our new house and money was incredibly tight. She'd saved a long time to get it me for that Christmas.

    I remember being so annoyed at Sony because there were no memory modules - you had to buy one! Ok it didn't stop you playing the racing game that someone else had bought me but you just couldn't save your progress...

    The tax avoidance - "No Mr Tax men of the world...the PS3 is a computer - look it has an option to turn it into one...no it isn't a games console that should attract higher rates of tax"

    The way they went after Geohot (might have that name slightly wrong) - you know, things like insisting the hearings were held in an entirely different state of the U.S. to ensure they got a favourable judge. The way they froze assets (seem to recall at one point they at least tried or threatened to have his parents' assets frozen).

    Did they make great kit? Yeah in the 80's they did. Do they now? I have no idea, personally, and no wish to find out. Have they ever had good customer service?

    I also remember being in the Sony store in town. A guy had dropped off a camcorder that wasn't working properly. Apparently, despite chasing he was getting conflicting info and told different prices. So he popped in to get it back - he complained to the manager there. Quite politely I have to say. He was annoyed that, despite having warned them, his camcorder was still in bits in their workshop.

    On leaving, the manager turned to another member of staff and said, out loud "what a miserable c*nt".

    Now I have another vague memory - not sure if this is planted :-) but didn't Samsung OEM TFT display panels for Sony for quite some time?

    1. measmyself

      Re: Have to agree with many points

      I didnt have the PS2, but by the time PS3 came out, they made lots of it standards compliant, so it was USB, you could attach any USB headset, some usb printers, and any USB cable for charging things, Wifi was built in, standard laptop battery could be used and replaced as needed. Whereas the xbox you had to buy all these separate and only the expensive MS ones.

      1. DrXym Silver badge

        Re: Have to agree with many points

        The PS3 is very standards compliant as far as consoles go. The Vita slipped back by using a proprietary memory card which IMO explains why the handheld didn't sell as well as it should have.

        1. asdf

          Re: Have to agree with many points

          > IMO explains why the handheld didn't sell as well as it should have.

          Yeah keep believing it was the proprietary memory and not the garbage games for much of its early life, lack of 3rd party support and the fact we are still in a major recession regardless of what the eggheads say.

          1. asdf

            Re: Have to agree with many points

            Wow I take that back the memory was a huge problem after all. Sony in their short sided greed not only pissed off customers buy charging 3x more for the memory than other open standards but cut off their own balls but discouraging high margin digital downloads due to a lack of space.

    2. Jim Wilkinson

      Re: Have to agree with many points

      Your vague memory is correct. FWIW I don't know the current status.

  10. measmyself

    I latched onto the Sony products since I chose a HI Fi from them, which is now about 8 years old and I really like it.

    Ive had the headphones, PS3 and its various accessories which are all built really well, and a BRAVIA, which is now 7 years old, people comment how the built in speakers produce such good sound for a TV. The products I have chosen from Sony are good quality and value for money as they last such a long time, I have become attached to Sony and aspire to buy their products, never had the rootkit issue as I never bought that CD.

  11. Fihart

    Credit where it's due.

    I can't think of any other consumer electronics brand which has such a strong franchise in so many product areas.

    My first transistor radio was a Sony -- back in 1963 it was one of the first available in the UK and it was better than models like Toshiba which followed.

    Since then I have owned many of their products and all have been pretty good. Not necessarily the best (certainly not in hifi) but solidly made. When I bought a slightly damaged Sony preamp cheap they shipped a new fascia from Japan for (as I recall) under £10.

    My first TV was a Sony portable that lasted nearly 20 years. I still have a Trinitron and the only TV that matched it was a larger Mitsubishi (again a CRT type).

    Walkman Pro was an expensive portable recorder used widely by reporters in the 1980s but also doubled as a very good hifi player. I still use the headphones which came with it. I much prefer Sony's MP3 players to iPods -- simple drag and drop, no lunatic iTunes.

    1. Anonymous Coward
      Anonymous Coward

      Re: Credit where it's due.

      Couldn't agree more. Sony developed and made some wonderful stuff, but your list of credits due stops with 1980s --- and that's the problem.

  12. asdf

    no surprise

    Samsung is to people under 30 what Sony was to us that remember Sony's heyday in the 1970s and 1980s. Buying that media studio in the early 1990s should be listed as the cause of death here in five years or so. Even non nerds understand that people who make media are not the people you want making your devices.

  13. asdf

    Nerds are a small market

    I have to say yes the rootkit and other OS may have brought out the nerd rage but I bet you talk to analysts and they will tell you the epic fail that is the Velvetta (Vita) cost Sony far more than even the goodwill hit from the being hacked and PS live being down for a month.

  14. asdf

    what ifs

    There is a good chance if Sony doesn't buy a media studio in the early 1990s they come out with the iWalkman (or equivalent) long before Apple comes out with the iPod and history changes. What happened instead is the media studio side vetoed any innovative devices the hardware side came up long enough to make Sony no longer Sony. The media side also put that asshat Howard Stringer in charge and he proceeded to do nothing but lose money his entire tenure.

    1. Anonymous Coward
      Anonymous Coward

      Marketing Failure

      Else we might have been hearing this conversation over the years...

      "Is that a Walkman?"

      "Yes! Ok... no, not really, it's one of those Apple things."

    2. MJI Silver badge

      Re: what ifs

      This is why Kaz is the current best choice for CEO.

      Media person as CEO - no.

      Please remember that people who like Sony hardware do not have to like Sony music.

      Also think for every Sony music there is a Naughty Dog.

  15. Persona non grata

    Of course we listen to Moodys

    After all, they didn't mean to be one of the major causes of and complicit in the GFC:

    http://www.cbsnews.com/news/bad-credit-how-s038p-moodys-and-fitch-helped-cause-the-housing-bubble/

    So why give them the oxygen of publicity?

  16. Anonymous Coward
    Anonymous Coward

    Seems legit

    http://www.bloomberg.com/news/2013-05-14/third-point-said-to-urge-sony-for-entertainment-ipo.html

    Tries to break up company and now it's been rated as junk.

  17. Anonymous Coward
    Anonymous Coward

    Didn't the USA try to ban DAT tapes due to pirating potential, until Sony intervened?

  18. Anonymous Coward
    Anonymous Coward

    They need a focus on quality. Too often the Sony products command a premium and are cheaply made.

    Who can forget the original Playstation CD mechanism with its plastic skate, ensuring that it wore out pretty quickly.

This topic is closed for new posts.

Biting the hand that feeds IT © 1998–2021