Sony's knavery

The headlines look really bad. But don't be fooled. As Reuters reports, Sony may have been ordered to stop selling its spectacularly popular PlayStation2 as a penalty for patent infringement, but thanks to injunctions and eventual royalty payments the likelihood that the consoles will ever disappear from the shelves is practically nil. Hence, practically no effect from the ruling on Sony stock.

The main thing that strikes me about this case is how foolish it was to not just work out a royalty deal in the first place. It wasn't like Immersion was a competitor in the video-game-console trade. What was Sony thinking?