Sony Corp’s reorganizing, first making major layoffs:
In October, for example, Sony Corp. said it would cut 20,000 jobs over the next three years, including 7,000 in Japan. The company’s goal is to trim $3 billion annually from its operating cost and elevate its profit margin from 4 percent today to 10 percent by 2006.
…and then moving corporate headquarters to San Diego. These are smart moves indicative of the major upheaval in consumer electronics that’s coming with the advent of digital TV. San Diego’s a center of wireless network expertise, so that ought to tell the astute analyst something about what’s afoot.
They’re not acting in isolation: Samsung is opening a major new research lab in San Jose for wireless network research aimed at the CE market, and computer manufacturers HP and Gateway are getting their feet wet in consumer electronics. I think this is a sign that the “convergence” talk is real.
Maybe Hobo Net is coming back (local ISP and Sony brand. They used it to try out things).
So Sony is moving overseas, taking up ‘residence’ in a country they once outsourced to. Interesting.
It raises a question, why doesn’t the media run stories on foreign companies that outsource to the US?
Compared to the Pacific Northwest in winter,
San Diego at its worst looks pretty good.
http://tinyurl.com/yubjv