Sony Admits Losing Face?

The Heir Apparent to run Sony, admitted to foreign journalists that Sony missed the boat on digital music players by insisting on their proprietary ATRAC format and dismissing MP3.

I guess it smarts a bit to see a computer company on top of the consumer electronics gadget throne, selling digital music players. Kinda makes you wonder, with IBM dumping their PC Business due to low margins, what can you really say about Sony's move into the Personal Computer space in order to stave off just this kind of competition. There seem to be some strategic issues with running this company that need to be addressed.