Sony Denies Reports Regarding Major Division Shutdowns

Submitter: PS3 News - (http://www.mcvuk.com)

Site Tags: sony denies reports regarding major division shutdowns

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According to a story published by The Times, insider sources from Sony Corp. say the company is in for some "sacred cow-slaying" cost cuts.

This alleged drastic restructuring goes so far as to suggest that there will be closures of company factories and that major divisions will be shut down. This news comes roughly a month after it was revealed that Sony had plans to cut 8,000...

Posted 319 days ago

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Submitter: Starlight - (http://arstechnica.com)

Site Tags: industry news

Category: General/Off Topic

On Friday, rumor spread fast that Toshiba was about to bail on HD DVD, following a string of unhappy news for the HD DVD camp, beginning with Netflix and Best Buy's decisions to throw their weight behind Blu-ray earlier in the week.

While a Toshiba marketing exec denied on Friday any definite plans to bail on HD DVD, in the past two days sources have come out of the...

Posted 642 days ago

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