InBlack wrote on May 10, 2012, 10:26: What the fuck? Is it just me or are these numbers that these big corporations throw around waaay out of proportion.
How the fuck can anyone lose 2.8 Billion dollars and not go bankrupt RIGHT IN THAT FUCKING SECOND???
Price cuts? Really? Price cuts are to blame? So why did they fucking CUT THE PRICE then?
Both of your points came immediately to my mind as well. Price cuts are absolutley not a reason a company loses billions of dollars (unless they were done in a completely altruistic, voluntary and non-reactionary way, which to my memory has happened exactly ZERO times in the history of corporate America). The price cuts a company is forced to make are a symptom of other serious business problems and pressures. That's like saying a person with lung cancer died of coughing.
And I doubt I will ever understand intra-business economies well enough to explain how a company of any size can afford to absorb a nearly 3 billion dollar loss. Unlike the Federal Government, they can't simply print money and write bad checks repeatedly.
“The greatness of a nation and its moral progress can be judged by the way its animals are treated.” - Mahatma Gandhi