Sony Ericsson Needs a Boatload of Money to Stay Alive

Illustration for article titled Sony Ericsson Needs a Boatload of Money to Stay Alive

Following the wretched quarter where sales dropped by almost half, Sony's CFO said yesterday that Sony Ericsson desperately needed to raise cash—about 100 million euros ($135 million)—this year to stay alive. [NYT]

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I had two crap Sony Ericsson phones on a crap network (Cingular/ATT) and will shed no tears to see their lousy hardware disappear from the marketplace.