What is Digg?110 Comments
- Mudhoney, on 10/12/2007, -5/+48Because enough people hit the 'Digg' button, showing their interest in the article. Maybe you need to read up on how digg works.
- Mizark, on 10/12/2007, -5/+47you dumped your stock 9 months ago huh? The stock is up around $12 since then, good job!!
- Aidenag, on 10/12/2007, -13/+52i love how wallstreet tends to not take notice to the things that effect a stock until its right around the corner.. i dumped my shares 9 months ago after the PSP sales started to drop and it was obvious the UMD tech was toast, and that the Blueray/HD+ console war is going to destroy them
- Alphabet, on 10/12/2007, -2/+33A strong rule about "news" and "stock" is that if people are reporting on it, then it's too late for you to cash in on it. Sony's stock already took a dive after E3, which was a month ago. If you didn't sell your stock back then, then you probably already lost a lot of money.
- beforeIforget, on 10/12/2007, -2/+31This is on the front page because everyone likes to watch a train wreck
- dclowd9901, on 10/12/2007, -6/+32Indeed, and I'm sure Sony's response to this stock suggestion will be to cover their ears and make loud noises.
- shout, on 10/12/2007, -6/+24This really goes to show you how much was riding on the E3 conference for Sony.
- Lososaurus, on 10/12/2007, -4/+22Yeah, because it's gone beyond fanboy wars to fact.
- Rousterfar, on 10/12/2007, -13/+29Ok this is getting ridiculous. Every other story on Digg these last couple months has been negative towards Sony. While some of them have had valid points, the majority are just negative spin and fanboy rants (please people for the love of GOD, refrain from trying to insinuate that I am calling Buisnessweek fanboys by taking this comment out of context) about the company.
Couple that with the fact that Diggnation (which I love and listen to all the time) always manages to talk about any weekly story that has something negative to say about Sony, but strangely never manages to mention story rebuttals (like the story from a couple weeks ago that got proven false with the burned DVD-R being shown as a Blu-Ray film by Sony) that sometimes get posted within a day of the original story and it's getting easy to see a trend here.
I am sure my comment will get buried fast, but it's something that needed to be said. Maybe it’s the nature of the internet for people to jump on hate bandwagons of certain companies and products like lemmings, but really guys. This stuff is getting out of hand. - Mudhoney, on 10/12/2007, -1/+17Well it's to be expected. It's the perfect mix of social attitudes on digg that create a very anti-sony environment. First ingredient of course is Sony's non-gaming sectors, which are pretty unpopular among the tech crowd for obvious reasons (DRM crap). They you have the fact that this round in the console wars is even more polarizing than in the past because of the true variety in game systems we will have to choose from. People take sides, and in the case of Digg, people prefer not to side with the 'evil' Sony more often than not. There isn't anything you can do about it, the community is what it is.
- Dakk, on 10/12/2007, -3/+19So why are they upgrading the stock instead of downgrading it?
- shaun944, on 10/12/2007, -3/+15I don't think its a factor of mystery vs. TMI. Sony simply has an overly expensive console and justified it w/ technology that isn't proven it will be the standard format and they didn't show almost any actual games for the new system, it was all pre-rendered bs. Whereas Nintendo had a new system and had playable games and MS had lots of cool playable games while also have a system that ALREADY exists.
Reality is that despite showing movies and a box, the PS3 is still little more than vaporware in terms of any games. - nmaster64, on 10/12/2007, -3/+13Yeah, obviously common sense is anti-Sony now. Selling your shares in a company that held a disappointing press conference that consumers are upset about? Anyone who suggests that must be a complete and utter fanboy, because no non-biased person would say that...
Seriously though, if your stuck with Sony stock at this point, you might as well just keep it. It should go up at least a bit when the PS3 launches, so I'd sell it then, right before the sales figures come out. :P - Lososaurus, on 10/12/2007, -2/+11ChilledDeath, in Sony's defense(which I rarely do), all of the big companies in the music industry pay radio stations to play particular songs or their music(maybe even exclusively) to help promo a CD coming out or help fuel a tour.
- llbbl, on 10/12/2007, -4/+13I had my crack team of stock market analyists take a real hard look at Sony's performance. I posted their results on my website.
http://www.llbbl.com/2006/06/01/performance-indicators-from-sony/
Here is the graph they came up with.
http://www.llbbl.com/wp-content/uploads/2006/06/sonystock.jpg
^^ - Dakk, on 10/12/2007, -8/+17Read the article first, it is only a paragraph. The previous recommendation was "Strong Sell", it was upgraded to just "Sell". Keyword "upgraded" as the OP states. Sony's fate does not solely rely on PS3, UMD, PSP, and BluRay.
- jwolf, on 10/12/2007, -0/+9Wouldn't going from a rating of strong sell to sell be a downgrade of the rating? According to the article, the rating system is a five star system with five stars being "strong buy" and one star being "strong sell." With this being the case, Sony's rating is moving away from sell and towards buy. The summary on digg is misleading at best.
- Mizark, on 10/12/2007, -2/+11The problem is, other than this being a non story is that sony's stock was actually upgraded. The only reason its listed as sell right now and not hold, is it overperformed the last few months and hit its projected price early. But the headline is "Wall Street says sell Sony Stock" not "Sony stock upgraded by Wall Street" its clearly biased. Face it this story is basically the daily placeholder so people can come in here and say "LOL BlurAy is gonna get PWNZORED Sony izzz Arrogant, wii don't like them".
- Dakk, on 10/12/2007, -6/+14Sony is not going to go bankrupt over gaming platform stuff and I'm sure they'll survive if BluRay fails. As much as people here seem to think... they have more products on the market than just Playstations.
- killtherat, on 10/12/2007, -0/+8I don't think it's a flaw in digg, but more of an interesting social commentary. There is a lot of anti Sony sentiment because people want Nintendo to win. But it's not enough that Nintendo win, Sony must also be destroyed. And that's some bi product of American culture.
For some reason, in the US, it's not enough to win. You also have to make sure that every one else loses. There is no room for second place, you are either the victor, or you are dead.
Microsoft is especially guilty of this. Notice, they don't just want to have a successful web search program, they must also destroy Google.
I for one would like to ask, why can't we all just get along? - acurism, on 10/12/2007, -0/+8This is nothing new, companies recommendations are changed all the time. The pro Sony haters are at it again.
Example...(MSFT)
Microsoft(MSFT) on 4/28/06 was downgraded from Buy to above average
On 5/30/06 it was downgraded from above average to average...
Does this mean you should sell Microsoft stock now?
If you follow the trend it would suggest it will be downgraded again. - streetstealth, on 10/12/2007, -0/+8It's really too bad to see how Sony's fallen (both in real terms and in their image among the geek continuum).
In the halcyon days of the CRT, Sony was the only way to go -- only the Trinitron had a vertically flat tube, the best focus, and longevity that made everyone else's stuff look disposable. Sony VCRs had the best industrial design and component quality, and Sony camcorders were the absolute top of the crop.
Then the 90s ended, Sony began to spread its brand too thin (Sony BMG, I'm looking at you), and it became obvious that the top dog had begun to take its place for granted with proprietary formats and user-unfriendly design.
I don't hate Sony. I don't think any of us should hate them. But the mighty has fallen, and it's time for them to truly prove themselves to the market once again if they are to regain their former glory and geek cred. - Mudhoney, on 10/12/2007, -4/+11They could have prevented this by keeping more secrets about PS3 until closer to launch. Nintendo got it right, and focused on the games. Sony announced the price which everyone expected but no one wanted to hear. If Sony had focused more on the games and kept the price a secret for just a little while longer maybe people would have enjoyed their E3 showing more. Now Nintendo has the momentum and everyone is still paying attention to them for more info on their still partially mysterious console Wii.
- Daedalus81, on 10/12/2007, -2/+8How do you figure?
- Rousterfar, on 10/12/2007, -11/+17PS3 was delayed because the hardware and games where not ready.
How about continued strong support for the PS2? The PS2 is going to have an AMAZING fall this year and is showing signs of having a strong year in 2007. Unlike the Xbox which is all but dead if you look at what is ahead for the system.
How about giving developers what they wanted with the PS3? An easy to code for GPU and good development environment, unlike the PS2 had early in its life?
How about finally moving ahead with a real online service for the PS3? Something gamers have been wanting for some time.
No company is perfect.
People forget the crap Nintendo did when they where the 600 pound gorilla of the game industry.
Gamers forget that MS has a reputation for innovating only when they are trying to "win" a product segment. They always become stagnant once they are in the lead. You think the Xbox platform would be nearly as innovative if they where dominating the industry like Sony is?
Oh and if it's ok to "hate on" the Playstation platform for the rootkit crap that another division of the company spearheaded, then I guess it's ok for people to "hate on" the Xbox because Windows is an overpriced, buggy, virus infested mess of an operating system?
Please guys... Get over all of this. - Mudhoney, on 10/12/2007, -3/+8You will see that it's a community and if the entities don't like sony, then obviously anti-sony stories will be on the front page. Pretty simple. Oh, and like 2L84ME said, your perception of things is has a lot to do with it also.
- lippyjka, on 10/12/2007, -10/+15Erm....actually most of it does yes.... especially if BluRay fails it will be an absolute disaster for the company
- Mizark, on 10/12/2007, -12/+17Stories like this on the front page really show the weakness of the digg system.
- bacon_skoda, on 10/12/2007, -1/+6exactly. a downgrade is bad. it's more about direction than the name of the grade. sony's is up versus msft's is down. and down twice.
- Dakk, on 10/12/2007, -7/+12@ Mizmark: I agree, it does. Someone can take one negative thing in an otherwise positive article, harp on the negativity, craft a title to sound negative ("Sony stock upgraded" wouldn't have worked), and there you go. I just researched Sony on several other financial sites and none of them are screaming "Sony will be a dead company in 2 years". I've seen expected positive growth.
- telapan, on 10/12/2007, -0/+5>>The true measure of a company is the operating profits
The chart says game division operating profit for the last year for Sony has been positive. How is this proof of their financial desperation? - telapan, on 10/12/2007, -7/+12It's funny that all you Nintendo fanboys are digging an article that is actually upgrading sony stock. Do you guys even read the article before digging or do you just see an anti-sony title and digg it?
I'm sure this statement will get buried even though it's valid. - davidv, on 10/12/2007, -6/+10Anyone thats been on digg since E3 has basically seen the entire community rally against them. Hell, when retarded replies like "Take that Sony!" start getting +20 comment diggs I think it's safe to assume the entire place is more then a bit biased at the moment...
- Dakk, on 10/12/2007, -1/+5Exactly. This is a textbook case of yellow journalism by the OP.
- Hoffer, on 10/12/2007, -0/+4I think as long as Sony drops the price of the PS3 quickly they'll do alright. The 360 was selling on eBay for over a grand. I'm sure there are a lot of people in this world willing to pay $500-600 for a PS3. They have to drop the price by at least $100 by E3 2007.
I think I would skip the PS3 all together if it didn't have Blu-ray. I want a Blu-ray movie player and figure might as well have a PS3 to boot. I probably won't buy until the HDMI version gets down to at least $300-400. - inkswamp, on 10/12/2007, -1/+5> Indeed, and I'm sure Sony's response to this stock suggestion
> will be to cover their ears and make loud noises.
Why not? That approach works so well for them with customer complaints. (And I'm speaking from firsthand experience.) - NYC10004, on 10/12/2007, -4/+8I had told our Managing Director to dump her SONY stock a while back, when I saw what was going on. She thinks I have inside information now or something.
- Mudhoney, on 10/12/2007, -0/+3Well the description does say it's an upgrade. Although the title could be taken the wrong way, but only if you don't read the description or the article.
- ilitirit, on 10/12/2007, -0/+3I think I'm gonna some Sony stock.
Buy when the market is pessimistic, sell when the market is optimistic. - telapan, on 10/12/2007, -2/+5>>Please don't comment on a digg if you don't want to discuss it
If this were the case everybody else would be talking about how Sony's stock is looking up. The fact is that most people here are not discussing the article the are discussing how bad a company Sony is. I'm not sure why you feel the need to tell me this when it's clear most others are not actually discussing the article.
>>proof of the mindset of all those who Digg the story
There has been an obvious trend over the last month or two which has clearly shown the mindset of most of those who digg pro nintendo/anti-sony articles. Have you not seen this for yourself? - apetrie, on 10/12/2007, -0/+3This is just the way it works. Everyone seems to be in favour of the idea that when a company messes up, treats its customers badly and its representatives give an "I don't give a *****, you'll like what we say you'll like" attitude that they should suffer a backlash for it, but when its a company that one personally feels some loyalty for or has had good experiences with, people cry foul and claim that the public is being unfair. It is completely fair. Sony needs to be knocked off of its pedestal and given a reality check. I doubt any of this backlash will cause the company to go bankrupt, and hopefully they will come out better for it and have a better idea of what the public will take, and how to improve their products and customer relations.
- NYC10004, on 10/12/2007, -2/+5
Sony is really in a very bad position right now. It's TVs and Home Theater equipment are no longer tops in the industry, and lets not even get into it's music/software/hardware fiascoes. PS3 is going to really sink Sony as well, because its non-viable in comparison to MS and Nintendo's options. Its public image is shot. If Sony has anything going for it, I really would like to know what that is. - jm9206755, on 10/12/2007, -0/+3That is called a market adjustment. Anytime a company experiences a period of dramatic growth the stock tends to become overvalued and will drop. The best example I've seen in the last 6-8 years was with Cisco. My own mother bought Cisco at about $125 a share (not on my recommendation) and it jumped up to near $200 and split. It did this two or three times. Then came the market adjustment and it dropped below $80. Google had this happen fairly recently right as they passed the $400 mark. It dropped by almost 13%. Even though Cisco, Google, and Sony have had some nasty market adjustments all are still expected to grow consistently in the future. This is just how the tech market works. Companies experience periods of dramatic growth followed by a sharp decline. In the long run the companies still show consistent growth.
- jm9206755, on 10/12/2007, -2/+5"Oh and if it's ok to "hate on" the Playstation platform for the rootkit crap that another division of the company spearheaded, then I guess it's ok for people to "hate on" the Xbox because Windows is an overpriced, buggy, virus infested mess of an operating system?"
Well stated. - Dakk, on 10/12/2007, -0/+3Do some quick research on financial sites. They all seem to pointing at slow steady growth for Sony. The shows to things. They don't forsee the utter destruction of Sony as a company as they'll be around to show growth. And that growth part means "bigger".
- wonboodoo, on 10/12/2007, -0/+2> Maybe it’s the nature of the internet for people to jump on hate bandwagons of certain companies and products like lemmings, but really guys. This stuff is getting out of hand.
You're new to this whole Internet thing aren't you? Someone told me there's porn and conspiracy theories out there too :-) - billyocean, on 10/12/2007, -3/+5It wasnt too long ago Digg was popular with Sony fans, or more accurately, Microsoft XBOX critics. Seemed like every other Digg story was about the horros of a few Xbox 360's overheating, short supply conspiracies and my favorite, how XBOX360 was ultimately inferior to a PS3 console that not even developers had even seen. It's not always that a good product wins the race but it's nice to see MS having an advantage on this competition based on actual product value instead of just market hype. Ipod anyone???
- acurism, on 10/12/2007, -0/+2I have isolated the data because those are the two latest recommendations...
If it had been one recommendation, then I wouldn't call it a trend.
If I were to buy or sell stock I could care less about what they rated the stock two-three years ago. I want to know mainly how it perceived in the last few months and then how it will be projected in the future. - Daedalus81, on 10/12/2007, -1/+3"The chart says game division operating profit for the last year for Sony has been positive. How is this proof of their financial desperation?"
I think he is pointing at the 525m loss in Q1 '06. - Sniper, on 10/12/2007, -0/+2Sorry..forgot the main one:
Sony (SNE) : Ups to 2 STARS (sell) from 1 STAR (strong sell) -
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