Sony plans $3 billion IPO for financial unit

IPO of Sony Financial Holdings, which focuses on online banking and insurance, is Sony's latest effort to focus on core operations.

The story "Sony plans $3 billion IPO for financial unit" published September 4, 2007 at 6:32 AM is no longer available on CNET News.

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[Renegade Knight]

Sign of the Times

When a company sells a profitable part of itself (instead of spinning it off to the shareholders who already own it) it's a sign that the parent company knows it's not doing well.<br /><br />Sony has problmes they want time to fix.<br /><br />They could start by fixing one thing they always do. Pull that one stupid thing they do with everthing they sell out of the gate, then listen to customers. Take the PSP. A beautiful device but...the PSP2 doesn't add a second thumb stick, still supports a crappy flash memory (sorry Sony SD won), still doesn't do as well as say, an Archos and doesn't steal the touch screen of the DS...So it will sell about as slowly as the orginal. Lots of potential, not much of it realized. Wake up. Your customers are telling you what they want.