A rumor is circulating that Sony is on the verge of announcing the closure of one or more of their major factories sometime within the next month. Sony has denied the existence of such a plan, but industry experts agree that in the face of declined sales and overstocked inventory, big changes within the company will be necessary. "We do not plan to announce additional restructuring measures at this time," spokesman Atsuo Omagari said, in response to the rumor. "We don't have any such plan."

Read More