Rumour: PS3 Price Cut Soon

Mike Hickey from Janco Partners, a set of Analysts, is claiming that Sony needs to hack $100 off the price of the PS3 [bringing it down to $299] to make it more popular with cash-strapped consumers and that the cut is imminent. In a note to investors, Hickey wrote: “Recent channel checks indicate increased speculation … Read more

Another firm bites the dust. Empire Direct in Administration

Well it looks like another firm has suffered from the economic downturn. This time Empire Direct. I am quite surprised as I always thought they were quite a popular but apparently poor Christmas sales have left them with not enough cash to buy new stock. With turnover of £152m, the company had bank overdrafts of … Read more