Olympus president pleads guilty, Sony to swoop in?

The AP is reporting that

Olympus Corp.’s former president Tsuyoshi Kikukawa admitted guilt Tuesday in a cover-up of massive investment losses

There are also reports that Sony may swoop in with about 0.6 billion dollars in cash to keep Olympus going. Sounds good, but Sony isn’t the most financially healthy company. True fact: Nintendo is bigger than Sony in terms of market cap. That’s actually been true for a long time. More recently, this year Sony has laid off 10,000 workers and their stock fell below a psychological 1000 yen point, for the first time since 1984.

I hope the two companies, Sony and Olympus, find ways to mutually benefit from partnership. They both make excellent products and it’d be exciting to see them join forces.