GristyMcFisty used our news submit to tell us that he read on the Inquirer, that shares of the PlayStation 3 fell on news from an analyst claiming the PS3 gets a bit too hot! In addition, at the recent Tokyo Game Show, the Washington Post reported that the console demonstrated a few glitches. This is not good either, as you would think even though the console is not on the market yet, that they would make sure the ones for the show would run smoothly. But, this isn't the first time a piece of complicated technology decided to throw a tantrum for the press. In this case, analyst David Gibson wrote the PS3 required frequent resets and operated "erratically".
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But Sony denied that there was any technical problem with the PS3. It claimed that the problem was caused by the fact that more than 200 PS3s were clustered together in kiosks that concentrated the heat generated by their processors and provided poor ventilation. Overheating is normal at trade shows, afflicting not just Sony products but those of its competitors. But the markets took Gibson"s word and have downgraded Sony from a "buy" to "hold" rating so share prices fell. |
Sony certainly comes back with a good reason for the overheating problem. In addition, it is doubtful that retail units will have such heat glitches. Maybe just some loud fans! Too bad they didn't catch this a bit sooner, but now the damage is done. In todays corporate world, it's simply critical to show a good face to Wall Street. There is no room there for excuses. You simply succeed or you do not. In this case Sony failed and they have had to pay the price of bad publicity once again.
Source: The Inquirer
