Investors worry about Sony because of the TGS “overheat”

Gamers may have quieted down a bit on the Sony bashing, but the business dudes in suits are still a bit worried. Investors started shaking their knees right after Macquarie Equities analyst David Gibson wrote in a report that PS3 units (some, not all 200 plus of them) on display at TGS 2006 operated erratically and had to be reset.

Gibson wrote: “While the reason for this is unknown we suspect it may be due to overheating as a result of enclosing the units and the high temperatures at the venue. We are concerned that such a problem has occurred so close to full production and is clearly negative news for the company.”

Sony spokeswoman Nanako Kato explains that the problems were likely caused by one-of-a-kind temperature irregularities. About 200 PlayStation 3 units were clustered together in close proximity and housed in kiosks that concentrated the heat generated by their processors and provided poor ventilation.

Hmmm…. 200 plus PS3s, no ventilation, bright, and hot convention lights don’t sound too good. As a reserved (as opposed to raving) Sony fan, I think that it’s a wonder that the place didn’t catch fire or explode or something. That in itself I believe shows how well engineered that box is. Of course, that’s just me blathering.

Back to the bad bits, Investment firm Goldman Sachs Group Inc. has even lowered Sony’s stock rating to “neutral” from “buy,”  due to the confusion over the release of the PS3 and the disappointing sales of the PSP. Yep, fans may say that the PSP is just in an odd form of hibernation, but the business dudes are counting greens here. Moolah. Not fan raves and screams of adoration.

Sony denied that there was any technical problem with the PS3. Despite this the company’s stock still went down from 130 yen (.11), or 2.75 percent, to 4,600 yen (.98) on the Tokyo Stock Exchange.

All this and they still have those exploding laptop batteries to worry about. For now, Sony is running on the back of it’s flat-panel TV and digital camera sales. Looks like PS3 is quickly turning into Sony’s gaming Messiah. Let’s just cross our fingers and hope for the best.

Via WVVA TV

Gamers may have quieted down a bit on the Sony bashing, but the business dudes in suits are still a bit worried. Investors started shaking their knees right after Macquarie Equities analyst David Gibson wrote in a report that PS3 units (some, not all 200 plus of them) on display at TGS 2006 operated erratically and had to be reset.

Gibson wrote: “While the reason for this is unknown we suspect it may be due to overheating as a result of enclosing the units and the high temperatures at the venue. We are concerned that such a problem has occurred so close to full production and is clearly negative news for the company.”

Sony spokeswoman Nanako Kato explains that the problems were likely caused by one-of-a-kind temperature irregularities. About 200 PlayStation 3 units were clustered together in close proximity and housed in kiosks that concentrated the heat generated by their processors and provided poor ventilation.

Hmmm…. 200 plus PS3s, no ventilation, bright, and hot convention lights don’t sound too good. As a reserved (as opposed to raving) Sony fan, I think that it’s a wonder that the place didn’t catch fire or explode or something. That in itself I believe shows how well engineered that box is. Of course, that’s just me blathering.

Back to the bad bits, Investment firm Goldman Sachs Group Inc. has even lowered Sony’s stock rating to “neutral” from “buy,”  due to the confusion over the release of the PS3 and the disappointing sales of the PSP. Yep, fans may say that the PSP is just in an odd form of hibernation, but the business dudes are counting greens here. Moolah. Not fan raves and screams of adoration.

Sony denied that there was any technical problem with the PS3. Despite this the company’s stock still went down from 130 yen (.11), or 2.75 percent, to 4,600 yen (.98) on the Tokyo Stock Exchange.

All this and they still have those exploding laptop batteries to worry about. For now, Sony is running on the back of it’s flat-panel TV and digital camera sales. Looks like PS3 is quickly turning into Sony’s gaming Messiah. Let’s just cross our fingers and hope for the best.

Via WVVA TV