I'd watch CNBC but I (and millions of others) are too busy playing on our playstations. In the future I will be too busy surfing the net from playstation to watch CNBC. I feel bad for GE - maybe they should get into the game consol business where the real money will be made in the future.
but Sony doesn't, neither does Philips---both being prohibited by FCC rules, due to being foreign companies...so what? FAFA, I'm sorry Sony doesn't make lightbulbs, and I'm sorry Philips doesn't make Playstations. All of these companies are different animals, with different corporate strategies. It matters not who invented or patented what, though those are nice pluses.....it matter which company pleases the shareholders the most. By the way, Ampex invented the tape recorder--Philips took that technology and put it into the cassette which everyone else followed. Ampex invented the video tape recorder also, which Sony adapted for home use. All companies borrow other technologies from other companies...the inventors still get compansated due to the patent process, so why the big speel about Philips this and Sony that? Isn't there room for many great companies?
Actually foreign ownership of broadcast networks is not restricted, Wilpert Murdoch owns FOX network, he be from Australia...Ampex did invent the video recorder, Philips invented the vcr, not Sony.....Philips had the V-2000 out in Europe long before anything from Sony or JVC had VHS systems out...that is the key....Philips, BASF(magnetic tape),Ampex actually invented something, Sony only uses other ideas and makes a product, they never develop the original idea. They are a marketing company, not a creator. One of the first video games out was a Philips, under the Magnavox label, called Oddessy, back in the late 70's..another pioneering effort from the creators, of course it actually all began from other technology used in flight simulators. Flight being devloped by and perfected by BIRDS...an idea us mortals copied. True Philips did not invent BIRDS. But Philips does have products in airplanes, the jet nozzles for GE are made by Philips, as are the display panels in the cockpits. AirPax which PHG recently sold off, makes many components that are in the jets...Sony produces a game, to pretend about doing things in reality. Very high share price based on some slick marketing, what is the long term outlook? Even 5 years? Creation is the engine that drives success.