I worked in Japan and Hong Kong Kong. ALL of my contacts there tell me that SARS is overblown. The media is feeding this fire.
I expect the SARS scare to be limited going forward. People will begin to realize that 4000 poeple a year die from the flu in the US and SARS is nothing but the flu and less will die from it than the common cold.
If i were short SNE i'd be covering very fast. It is only a matter of time before the Asian stock markets rebound hard on this and SNE will be UP 15% in a day.
It is a matter of consumer psychology: the stupid media have labelled SARS as a doomsday virus and this has seriously dampened consumer confidence in Asia. Whoever knows statistics realizes that SARS is NOT as detrimental as what the media claim.
Good news is that Toronto, Vietnam and even Hong Kong have, so far, been able to control SARS. Now, the key is CHINA.
Shame shame shame on China and Toronto for that matter. Such a shame these politicians care more about promoting their own selfish gains over the safety of human beings!!!!!!!
"The WHO would like to congratulate Vietnam on being the first country in the world to contain SARS," Pascale Brudon, the WHO representative in Vietnam, said at a news conference in Hanoi.
No new SARS cases have been reported in Vietnam since April 8. WHO has set a 20-day window � double the disease's incubation period � as the standard for lifting travel advisories and declaring that an outbreak is no longer spreading.
Microsoft via its bought and paid for cronies @CNBC, Marketwatch, Reuters, et al. may have more to do with this bad publicity aimed at Sony than the SARS effect. Hmmmmmmm! Let's think here for just a moment - which has performed better in sales revenues X-Box or the Sony Playstation?????