Sony President: "U.S. economy is a really risky situation"
From the Wall Street Journal (subscription required):
With its home market languishing, Japan's Sony Corp. desperately wants to increase U.S. sales to jump-start stalled revenue growth. The consumer-electronics giant garners about a third of its total sales from the U.S. But Sony President Kunitake Ando worries that American consumers are now less interested in buying televisions, personal computers and other electronics.
"Our only hope was consumer spending," Mr. Ando says, but "it's starting to taper off." Though U.S. consumer confidence seems to be holding strong, he adds, "I feel that [the U.S. economy] is a really risky situation."