Hitachi, NEC report big losses

Being the eternal optimist allow me to inject some good news....

At the least "Gone are the days" of burying your head in the sand and deferring losses to future fiscal repercussions - similar to the way the big J banks did with the un-collectable loans that turning into a snowball rolling downhill.....

By realizing / owning up to these current losses now they at least allow themselves to "bite the bullet" and move on to - hopefully - a better forecast for the year coming...

Sad as it may be for stockholders to see it is better to fess up and move on to either fixing or evolving their business models to adapt to the new marketplace than foolishly ignoring reality...

Like I said a year ago, if you want to do some damage to this country, it has to be in its finances because they do not have the network that people in poor countries have. So, crime will be rampant.