Quote:
Originally Posted by vivaldirules
Hopefully, a 6% reduction is more an across-the-board cut to lower overall operating costs.
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It isn't.
It's mostly a targetted cut in their chemical & LCD divisions.
An across the board overhead reduction would hurt the few parts of the company generating revenue; what they really need to do is drop entire legacy product lines that mostly generate churn instead of profits and, probably, get out of TVs, which is what's bleeding them the most.
Whatever they do, they need to do it quick; they have a billion-dollar red ink blip coming for 2013: the launch of the PS4/Orbis console.