http://www.engadget.com/2008/07/18/sony-ericsson-sees-net-profits-fall-97-looks-to-cut-2-000-jobs/ Engadget Comments for Sony Ericsson sees net profits fall 97%, looks to cut 2,000 jobs http://www.engadget.com/media/feedlogo.gif http://www.engadget.com en-us Copyright 2012 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/http://www.engadget.com/2008/07/18/sony-ericsson-sees-net-profits-fall-97-looks-to-cut-2-000-jobs/http://www.engadget.com/2008/07/18/sony-ericsson-sees-net-profits-fall-97-looks-to-cut-2-000-jobs/Jul 18th 2008 1:43PMhttp://www.engadget.com/2008/07/18/sony-ericsson-sees-net-profits-fall-97-looks-to-cut-2-000-jobs/http://www.engadget.com/2008/07/18/sony-ericsson-sees-net-profits-fall-97-looks-to-cut-2-000-jobs/
SE's problems are the same as Moto's. SE thought it was enough after those groundbreaking products and money coming out of the windows 3 years ago to stop it there and trust that the cypershot and Walkman brand will be enough and what they have achieved now will carry them around, but as we saw with Moto it just dosen't work and so did Nokia steal the spotlight as having best camera around and Nokia, Samsung smoking SE out of the emerging markets.]]>Jul 18th 2008 2:49PMhttp://www.engadget.com/2008/07/18/sony-ericsson-sees-net-profits-fall-97-looks-to-cut-2-000-jobs/http://www.engadget.com/2008/07/18/sony-ericsson-sees-net-profits-fall-97-looks-to-cut-2-000-jobs/
I don't know who is responsible for a lack or SE phones supported by U.S. carriers, but thats why I have an iPhone in my pocket instead of an SE. Call it the iPhone effect if you want, me I call it tired of waiting for a quadband SE phone thats worth a damn.]]>Jul 18th 2008 3:04PMhttp://www.engadget.com/2008/07/18/sony-ericsson-sees-net-profits-fall-97-looks-to-cut-2-000-jobs/http://www.engadget.com/2008/07/18/sony-ericsson-sees-net-profits-fall-97-looks-to-cut-2-000-jobs/Jul 18th 2008 4:03PMhttp://www.engadget.com/2008/07/18/sony-ericsson-sees-net-profits-fall-97-looks-to-cut-2-000-jobs/http://www.engadget.com/2008/07/18/sony-ericsson-sees-net-profits-fall-97-looks-to-cut-2-000-jobs/Jul 18th 2008 5:28PMhttp://www.engadget.com/2008/07/18/sony-ericsson-sees-net-profits-fall-97-looks-to-cut-2-000-jobs/http://www.engadget.com/2008/07/18/sony-ericsson-sees-net-profits-fall-97-looks-to-cut-2-000-jobs/Instead of cutting jobs at the bottom, they should start at the top. After all, the guys at the bottom did nothing but follow the recommendations of the ones at the top.]]>Jul 18th 2008 1:47PMhttp://www.engadget.com/2008/07/18/sony-ericsson-sees-net-profits-fall-97-looks-to-cut-2-000-jobs/http://www.engadget.com/2008/07/18/sony-ericsson-sees-net-profits-fall-97-looks-to-cut-2-000-jobs/Jul 18th 2008 1:59PMhttp://www.engadget.com/2008/07/18/sony-ericsson-sees-net-profits-fall-97-looks-to-cut-2-000-jobs/http://www.engadget.com/2008/07/18/sony-ericsson-sees-net-profits-fall-97-looks-to-cut-2-000-jobs/
No joke. It seems the guys at the top can't figure out the basic law of business failure: me (corporate exec.) = fail. At least Hector Ruiz made it appear that he understood this, although, I am sure he was pushed out. Dell, for example, cuts 8000 manufacturing/sales jobs (there were other reasons for this as well) when Dell's marketshare was slipping to HP to cut costs. Yeah, I'm sure the poor bastards putting PC's together had everything to do with the company's poor performance, not the a-hole who makes more by himself than everybody he canned. Rinse and repeat for GM, Ford, Chrysler, etc.

/rant]]>Jul 18th 2008 2:17PMhttp://www.engadget.com/2008/07/18/sony-ericsson-sees-net-profits-fall-97-looks-to-cut-2-000-jobs/http://www.engadget.com/2008/07/18/sony-ericsson-sees-net-profits-fall-97-looks-to-cut-2-000-jobs/I'm not fan of the iPhone at all. To the contrary, I'm sick of hearing/reading so much about it. But, if you're to tell me that the money people decided to spend on the iPhone instead of other manufacturers' phones has had no effect at all, then I'm at a loss for words. That's as foolish to assume as the statements made by Sony saying that the Wii is no competition for them. The money people are spending on the Wii is money they're not spending on the PS3. Same thing with Sony-Ericson; the money they're spending on the iPhone is money they're ... The irony of it all. The Wii is eating Sony's lunch, and the iPhone is ... you got it.

It's not about being a fanboy, as you're quickly categorized with. It's all about being an informed consumer and seeing things for what they are, and not what CE companies, and their marketing departments, want you to think they are. Love it or hate it, the iPhone has had an effect in the cellphone business just like the Wii has done the same in the video games arena.]]>Jul 18th 2008 2:33PMhttp://www.engadget.com/2008/07/18/sony-ericsson-sees-net-profits-fall-97-looks-to-cut-2-000-jobs/http://www.engadget.com/2008/07/18/sony-ericsson-sees-net-profits-fall-97-looks-to-cut-2-000-jobs/
Wonderfully democratic of you, but the a-holes at the top rarely make more than everyone they fire. Check my math, but 2,000 people working 40 hours at just minimum wage for a year is $24,336,000. That's discounting any overtime, senior workers, etc. I doubt all 2,000 were just minimum wage ($5.85 USD).

Yeah it's the leadership that often fails a company first, but if you've got peons eating up that much cash with no one buying...well, it's not just the leaders that need to go. Unions may point to ridiculous exec salaries for sympathy, but those GM workers aren't pulling in pennies a year. They're part of the fiscal problem too.

That doesn't make workers bad people, or even responsible. But slicing off the top layer and thinking that'll solve everything is the kind of stellar thinking that made the USSR such an economic success.]]>Jul 18th 2008 2:37PMhttp://www.engadget.com/2008/07/18/sony-ericsson-sees-net-profits-fall-97-looks-to-cut-2-000-jobs/http://www.engadget.com/2008/07/18/sony-ericsson-sees-net-profits-fall-97-looks-to-cut-2-000-jobs/
It's like when Hancock goes to prison and the seasoned inmates want to ream him because he's fresh meat. Instead Hancock turns the tables and puts guys heads up each other's asses. That's what the iPhone 3G is doing to the smartphone market.]]>Jul 18th 2008 2:50PMhttp://www.engadget.com/2008/07/18/sony-ericsson-sees-net-profits-fall-97-looks-to-cut-2-000-jobs/http://www.engadget.com/2008/07/18/sony-ericsson-sees-net-profits-fall-97-looks-to-cut-2-000-jobs/
SE's problems are the same as Moto's. SE thought it was enough after those groundbreaking products and money coming out of the windows 3 years ago to stop it there and trust that the cypershot and Walkman brand will be enough and what they have achieved now will carry them around, but as we saw with Moto it just dosen't work and so did Nokia steal the spotlight as having best camera around and Nokia, Samsung smoking SE out of the emerging markets.]]>Jul 18th 2008 2:52PMhttp://www.engadget.com/2008/07/18/sony-ericsson-sees-net-profits-fall-97-looks-to-cut-2-000-jobs/http://www.engadget.com/2008/07/18/sony-ericsson-sees-net-profits-fall-97-looks-to-cut-2-000-jobs/
True, and I do recognize that there is other fiscal resposibility companies, and, therefore execs. must manage; however, in GM's case, the execs. signed on for the ridiculous compensation packages that union workers receive (like full salary for several years to go back to school (however that is defined since some of the reports I have seen/read suggest that they may not even attend school), after which they do not have to return to GM). Also, GM's (and Ford's) execs. decided to continue producing large trucks and SUVs as other manufacturers moved to smaller, more fuel-effecient vehicles, leaving GM's (and Ford's) sales reeling. Just sayin'...]]>Jul 30th 2008 4:46PMhttp://www.engadget.com/2008/07/18/sony-ericsson-sees-net-profits-fall-97-looks-to-cut-2-000-jobs/http://www.engadget.com/2008/07/18/sony-ericsson-sees-net-profits-fall-97-looks-to-cut-2-000-jobs/
Yeah, but it's also easy to see the writing on the wall in retrospect. But SUVs and large trucks were the mainstay of those corporations. I'm sure careful market research suggested that heavy investment was the key to profitability for a long stretch.

Ford made their hybrids and GM has the Volt, but the American culture in which they exist cherishes livin' it large. Management was stupid and definitely overpaid (aren't they always?), but rare is the leader chosen that makes a deliberate choice to screw up. But you might be better versed in the actual character of company leaders. I just temper my condemnation with the realization that I've never had billions riding on my choices.]]>Jul 18th 2008 4:35PMhttp://www.engadget.com/2008/07/18/sony-ericsson-sees-net-profits-fall-97-looks-to-cut-2-000-jobs/http://www.engadget.com/2008/07/18/sony-ericsson-sees-net-profits-fall-97-looks-to-cut-2-000-jobs/Jul 18th 2008 8:24PMhttp://www.engadget.com/2008/07/18/sony-ericsson-sees-net-profits-fall-97-looks-to-cut-2-000-jobs/http://www.engadget.com/2008/07/18/sony-ericsson-sees-net-profits-fall-97-looks-to-cut-2-000-jobs/Jul 18th 2008 1:47PMhttp://www.engadget.com/2008/07/18/sony-ericsson-sees-net-profits-fall-97-looks-to-cut-2-000-jobs/http://www.engadget.com/2008/07/18/sony-ericsson-sees-net-profits-fall-97-looks-to-cut-2-000-jobs/Jul 18th 2008 2:15PMhttp://www.engadget.com/2008/07/18/sony-ericsson-sees-net-profits-fall-97-looks-to-cut-2-000-jobs/http://www.engadget.com/2008/07/18/sony-ericsson-sees-net-profits-fall-97-looks-to-cut-2-000-jobs/Jul 18th 2008 1:48PMhttp://www.engadget.com/2008/07/18/sony-ericsson-sees-net-profits-fall-97-looks-to-cut-2-000-jobs/http://www.engadget.com/2008/07/18/sony-ericsson-sees-net-profits-fall-97-looks-to-cut-2-000-jobs/Jul 18th 2008 1:48PMhttp://www.engadget.com/2008/07/18/sony-ericsson-sees-net-profits-fall-97-looks-to-cut-2-000-jobs/http://www.engadget.com/2008/07/18/sony-ericsson-sees-net-profits-fall-97-looks-to-cut-2-000-jobs/Jul 18th 2008 2:24PMhttp://www.engadget.com/2008/07/18/sony-ericsson-sees-net-profits-fall-97-looks-to-cut-2-000-jobs/http://www.engadget.com/2008/07/18/sony-ericsson-sees-net-profits-fall-97-looks-to-cut-2-000-jobs/Jul 18th 2008 1:51PMhttp://www.engadget.com/2008/07/18/sony-ericsson-sees-net-profits-fall-97-looks-to-cut-2-000-jobs/http://www.engadget.com/2008/07/18/sony-ericsson-sees-net-profits-fall-97-looks-to-cut-2-000-jobs/Jul 18th 2008 1:57PMhttp://www.engadget.com/2008/07/18/sony-ericsson-sees-net-profits-fall-97-looks-to-cut-2-000-jobs/http://www.engadget.com/2008/07/18/sony-ericsson-sees-net-profits-fall-97-looks-to-cut-2-000-jobs/Jul 18th 2008 1:58PMhttp://www.engadget.com/2008/07/18/sony-ericsson-sees-net-profits-fall-97-looks-to-cut-2-000-jobs/http://www.engadget.com/2008/07/18/sony-ericsson-sees-net-profits-fall-97-looks-to-cut-2-000-jobs/
But I guess that happens only once in a blue moon. Besides, Engadget clearly doesn't need to worry about credible or professional journalism since it's "just a blog".

/rhetoric]]>Jul 18th 2008 2:04PMhttp://www.engadget.com/2008/07/18/sony-ericsson-sees-net-profits-fall-97-looks-to-cut-2-000-jobs/http://www.engadget.com/2008/07/18/sony-ericsson-sees-net-profits-fall-97-looks-to-cut-2-000-jobs/
or maybe its because almost all of the news about sony is negative to begin with.

love to hate sony]]>Jul 18th 2008 2:05PMhttp://www.engadget.com/2008/07/18/sony-ericsson-sees-net-profits-fall-97-looks-to-cut-2-000-jobs/http://www.engadget.com/2008/07/18/sony-ericsson-sees-net-profits-fall-97-looks-to-cut-2-000-jobs/
e-gadg were championing the shit out of blu ray also, iirc]]>Jul 18th 2008 2:28PMhttp://www.engadget.com/2008/07/18/sony-ericsson-sees-net-profits-fall-97-looks-to-cut-2-000-jobs/http://www.engadget.com/2008/07/18/sony-ericsson-sees-net-profits-fall-97-looks-to-cut-2-000-jobs/
"Potent and visionary Sony Ericsson achieves success at limiting inverse profits to less than 100 percent; also fights global warming through reduced manufacturing and lowers carbon footprint of those who would otherwise be driving to work."]]>Jul 18th 2008 3:07PMhttp://www.engadget.com/2008/07/18/sony-ericsson-sees-net-profits-fall-97-looks-to-cut-2-000-jobs/http://www.engadget.com/2008/07/18/sony-ericsson-sees-net-profits-fall-97-looks-to-cut-2-000-jobs/Jul 18th 2008 1:53PMhttp://www.engadget.com/2008/07/18/sony-ericsson-sees-net-profits-fall-97-looks-to-cut-2-000-jobs/http://www.engadget.com/2008/07/18/sony-ericsson-sees-net-profits-fall-97-looks-to-cut-2-000-jobs/Jul 18th 2008 2:29PMhttp://www.engadget.com/2008/07/18/sony-ericsson-sees-net-profits-fall-97-looks-to-cut-2-000-jobs/http://www.engadget.com/2008/07/18/sony-ericsson-sees-net-profits-fall-97-looks-to-cut-2-000-jobs/Jul 18th 2008 2:03PMhttp://www.engadget.com/2008/07/18/sony-ericsson-sees-net-profits-fall-97-looks-to-cut-2-000-jobs/http://www.engadget.com/2008/07/18/sony-ericsson-sees-net-profits-fall-97-looks-to-cut-2-000-jobs/Jul 18th 2008 2:13PMhttp://www.engadget.com/2008/07/18/sony-ericsson-sees-net-profits-fall-97-looks-to-cut-2-000-jobs/http://www.engadget.com/2008/07/18/sony-ericsson-sees-net-profits-fall-97-looks-to-cut-2-000-jobs/
They're only just catching up now and they still haven't matched the N82.]]>Jul 18th 2008 2:20PMhttp://www.engadget.com/2008/07/18/sony-ericsson-sees-net-profits-fall-97-looks-to-cut-2-000-jobs/http://www.engadget.com/2008/07/18/sony-ericsson-sees-net-profits-fall-97-looks-to-cut-2-000-jobs/
The X1 isn't going to help for two reasons:

1) It's a niche device.
2) Every preview has said it's horrible - either complaining about the speed, the stability, the keyboard or the camera. Sure, these things *might* be fixed but it's supposed to be released in Q3 (i.e. NOW) and SE's track record on recent smartphones isn't good.]]>Jul 18th 2008 2:13PMhttp://www.engadget.com/2008/07/18/sony-ericsson-sees-net-profits-fall-97-looks-to-cut-2-000-jobs/http://www.engadget.com/2008/07/18/sony-ericsson-sees-net-profits-fall-97-looks-to-cut-2-000-jobs/
Grow up or die! I'd prefer the first but you seem to move towards the second...]]>Jul 19th 2008 6:53PMhttp://www.engadget.com/2008/07/18/sony-ericsson-sees-net-profits-fall-97-looks-to-cut-2-000-jobs/http://www.engadget.com/2008/07/18/sony-ericsson-sees-net-profits-fall-97-looks-to-cut-2-000-jobs/Jul 18th 2008 2:16PMhttp://www.engadget.com/2008/07/18/sony-ericsson-sees-net-profits-fall-97-looks-to-cut-2-000-jobs/http://www.engadget.com/2008/07/18/sony-ericsson-sees-net-profits-fall-97-looks-to-cut-2-000-jobs/Jul 18th 2008 2:16PMhttp://www.engadget.com/2008/07/18/sony-ericsson-sees-net-profits-fall-97-looks-to-cut-2-000-jobs/http://www.engadget.com/2008/07/18/sony-ericsson-sees-net-profits-fall-97-looks-to-cut-2-000-jobs/Jul 18th 2008 2:17PMhttp://www.engadget.com/2008/07/18/sony-ericsson-sees-net-profits-fall-97-looks-to-cut-2-000-jobs/http://www.engadget.com/2008/07/18/sony-ericsson-sees-net-profits-fall-97-looks-to-cut-2-000-jobs/Jul 18th 2008 2:22PMhttp://www.engadget.com/2008/07/18/sony-ericsson-sees-net-profits-fall-97-looks-to-cut-2-000-jobs/http://www.engadget.com/2008/07/18/sony-ericsson-sees-net-profits-fall-97-looks-to-cut-2-000-jobs/Jul 18th 2008 2:47PMhttp://www.engadget.com/2008/07/18/sony-ericsson-sees-net-profits-fall-97-looks-to-cut-2-000-jobs/http://www.engadget.com/2008/07/18/sony-ericsson-sees-net-profits-fall-97-looks-to-cut-2-000-jobs/Jul 18th 2008 8:24PMhttp://www.engadget.com/2008/07/18/sony-ericsson-sees-net-profits-fall-97-looks-to-cut-2-000-jobs/http://www.engadget.com/2008/07/18/sony-ericsson-sees-net-profits-fall-97-looks-to-cut-2-000-jobs/Jul 18th 2008 2:26PMhttp://www.engadget.com/2008/07/18/sony-ericsson-sees-net-profits-fall-97-looks-to-cut-2-000-jobs/http://www.engadget.com/2008/07/18/sony-ericsson-sees-net-profits-fall-97-looks-to-cut-2-000-jobs/Jul 18th 2008 2:33PMhttp://www.engadget.com/2008/07/18/sony-ericsson-sees-net-profits-fall-97-looks-to-cut-2-000-jobs/http://www.engadget.com/2008/07/18/sony-ericsson-sees-net-profits-fall-97-looks-to-cut-2-000-jobs/Jul 18th 2008 2:35PMhttp://www.engadget.com/2008/07/18/sony-ericsson-sees-net-profits-fall-97-looks-to-cut-2-000-jobs/http://www.engadget.com/2008/07/18/sony-ericsson-sees-net-profits-fall-97-looks-to-cut-2-000-jobs/Jul 18th 2008 2:49PMhttp://www.engadget.com/2008/07/18/sony-ericsson-sees-net-profits-fall-97-looks-to-cut-2-000-jobs/http://www.engadget.com/2008/07/18/sony-ericsson-sees-net-profits-fall-97-looks-to-cut-2-000-jobs/Jul 18th 2008 2:50PMhttp://www.engadget.com/2008/07/18/sony-ericsson-sees-net-profits-fall-97-looks-to-cut-2-000-jobs/http://www.engadget.com/2008/07/18/sony-ericsson-sees-net-profits-fall-97-looks-to-cut-2-000-jobs/Jul 18th 2008 2:51PMhttp://www.engadget.com/2008/07/18/sony-ericsson-sees-net-profits-fall-97-looks-to-cut-2-000-jobs/http://www.engadget.com/2008/07/18/sony-ericsson-sees-net-profits-fall-97-looks-to-cut-2-000-jobs/Jul 18th 2008 2:51PMhttp://www.engadget.com/2008/07/18/sony-ericsson-sees-net-profits-fall-97-looks-to-cut-2-000-jobs/http://www.engadget.com/2008/07/18/sony-ericsson-sees-net-profits-fall-97-looks-to-cut-2-000-jobs/Jul 18th 2008 2:55PMhttp://www.engadget.com/2008/07/18/sony-ericsson-sees-net-profits-fall-97-looks-to-cut-2-000-jobs/http://www.engadget.com/2008/07/18/sony-ericsson-sees-net-profits-fall-97-looks-to-cut-2-000-jobs/Nokia is really getting easily currently. For 2Q they didn't have any new devices out yet and Nokia managed to raise it's market share to 40.5%. When new S40 phones start to ship soon and Nokia's Septembers event announces new S60 handsets it has tight hold of the market. I don't have my hopes too high with Samsung to really be able to give a fight, but maybe LG can as it's really the raising start in the top 5. While iphone of course give it's TS flavor for higher mid phones.
]]>Jul 18th 2008 3:04PMhttp://www.engadget.com/2008/07/18/sony-ericsson-sees-net-profits-fall-97-looks-to-cut-2-000-jobs/http://www.engadget.com/2008/07/18/sony-ericsson-sees-net-profits-fall-97-looks-to-cut-2-000-jobs/Jul 18th 2008 3:21PM