bgassassin
Member
I don't expect anything new if/when he talks about PS4, but I think it will be good to get his view on the direction of Sony. I wanted to pass this on to those who might be able to watch it.
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Kaz Hirai to be on CNBC today at 3:30PM EST.
- Thread starter bgassassin
- Start date
Beelzebubs
Member
It's gif collecting time!
LiquidMetal14
hide your water-based mammals
We need another good laugh GIF, that's for sure.
SolsticeZero
Banned
Great! We were running low on Kaz gifs.
Kaz-gaf must be stoked about this.
Of course today I'm not working at CNBC. ffs.
I imagine it'#ll be about the split and the outlook going forward. He'll mention the PS4 but only because it's the next thing, I doubt anything else about it will get mentioned.
Stringer was on before the Vita came out and it was the same.
I imagine it'#ll be about the split and the outlook going forward. He'll mention the PS4 but only because it's the next thing, I doubt anything else about it will get mentioned.
Stringer was on before the Vita came out and it was the same.
Dead Prince
Banned
yet he couldn't be at the ps4 reveal.
I love Kaz-GAF. An endless source of entertainment throughout this year.
zomgbbqftw
Banned
It's going to be his defence against Loeb. Nothing more. Stressing the importance of the media divisions, electronics is in the blood, insurance/finance is an important asset, we've already sold 40% of it, any more would be too much etc...
funkystudent
Member
Probably about general Sony stuff and the talk about selling off parts of the company recently and nothing to do with PS4.
bgassassin
Member
I think that will at least be a part of it. I don't know if it will be the sole thing discussed.
bgassassin
Member
They seemed to say on CNBC that Sony is actually considering Loeb's proposal.
Pound_lb003
Member
Did anyone see his CES conference when the TV gave out?
Was funny, and he actually handled it pretty well. I've come to like Kaz speaking, despite his bumbling public persona.
Was funny, and he actually handled it pretty well. I've come to like Kaz speaking, despite his bumbling public persona.
Scott32020
Member
There was more talk about the Dan Loeb proposed split of Sony's entertainment division from the rest of the company this morning as well (reportedly Sony is in discussions with Morgan Stanley and Citigroup with how to execute it). Related?
Legendary.
Barack Lesnar
Banned
Hopefully someone will upload it after or maybe there's a stream out there for CNBC but I doubt it.
zomgbbqftw
Banned
Well they have to consider it, Loeb's fund owns a massive proportion of the company, probably enough to warrant a member nominated to the board.
In the end, Kaz will trot out the same lines though, media assets are important, he will cite Blu-ray vs HD DVD, he will say that music publishing and recording is important to the mobile strategy, synergies, sold too much of the finance division already etc...
It won't be anything new. If Kaz gives in to Loeb then he might as well step down as CEO at the same time.
Again, all this can be seen by Kaz's nominations to the board. Kato (SCE), Schaff (SNE), Harada (ex-Apple), Ito (Media Lab) are all defensive moves by Kaz intended to form a blocking coalition on the board to give him time to fix the electronics division.
Acquiescence
Member
More gif fodder.
D
Deleted member 80556
Unconfirmed Member
Argh, fucking hell. I know that electronics might not give a lot of revenue, but splitting the company that way can't be such a good idea, specially since they're recovering.
bgassassin
Member
Scott's post gave the exact details I was forgetting.
Zomg? Why would you suggest he step down if Sony did that?
darkside31337
Tomodachi wa Mahou
Yeah I really hope they get in a question regarding used games and DRM on the PS4.
uncharted86
Member
Wishmaster92
Member
The god.
LorDjidane
Member
Can't wait for the gifs. Kaz, I'm ready for you.
zomgbbqftw
Banned
Kaz was recruited for his "One Sony" plan to integrate all of their divisions (except finance of course). Spinning off half of the company doesn't seem conducive to that vision and will make the media divisions more remote from the electronics divisions.
I can see where Loeb is coming from, he thinks having highly profitable assets like media and finance has lead to a slow down of reform in the electronics business. If you look at Panasonic, they will return to an operating profit sooner than Sony's electronics division because they basically have no choice. At Sony the electronics division has been allowed to rest on its laurels because they know the other divisions will bail them out, and hiving off the media and finance assets into a separate company and forcing the results to be declared separately will force the electronics divisions into making reforms more quickly. He hasn't taken into account the glacial pace of Japanese management reform so that plan could have dire consequences for Sony in the end.
I think what will happen is that Kaz will announce that he is going to change the reporting of the company so that they will have three internal divisions. M, E, F and each will report separately and consolidated group accounts will be prepared separately also. That way investors will be better able to gauge the health of each part of the company. That way the electronics business will no longer be able to hide behind M/F profits. It also paves the way for any non-performing asset to be spun off if the plan falters and Sony fall back into a rut.
Right now, Kaz needs to call for investor faith and show some results. He needs to talk numbers, Xperia Z shipments and Vaio Duo shipments need to be called upon to show that Sony has it's groove back. All he needs is more time to reform the TV division etc... this time it will be different and whatnot.
ReturnOfTheRAT
Member
Wonderful, on the day that I'm sitting here in the juror waiting room. /sarcasm
It's all about the PS4 now!
That was unexpected. lol
It's all about the PS4 now!
how the fuck?! lol
bgassassin
Member
Ok. That makes a lot of sense.
So IYO would you say Loeb is trying to "take advantage" of their current situation?
hes on his way already
God, I love this.
DecoyOctopus
Member
.