Panasonic Corp (6752.T)

They are suffering from the same things that Sony is, that is they are totally out of touch with consumer tastes. This remains a huge issue for some of these companies. Earnings are going to improve simply because of the depreciation of the yen, but the reality is that there are serious problems with their model and their products and they require a massive overhaul.

Has benefited in the short term from the weakening yen. Will participate if the yen continues to weaken. He is not a huge fan of consumer electronics hardware manufacturers.

Not one that he would be very keen on at all at this point. Essentially that space has become very, very commoditized. There isn’t an awful lot of ways to differentiate between companies.