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Sony Ericsson needs to raise 100 million euros to stay afloat, says CFO

Laura June

Things haven't looked great for Sony Ericsson -- which reported its sales were down 50% during the first quarter -- for quite a piece of time now. Well, now Sony's CFO has admitted that falling demand combined with a "gap" in its product portfolio has created problems for the company. He also acknowledged that the company needs to raise about 100 million euros by the end of this fiscal year (March of 2010) to keep on trucking. Sony Ericsson is reportedly considering numberless cash-raising options, but no plans are yet set in stone. We wish them luck!

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