Alan Wolf

Link This | Email This | Comments (0)

Best Buy: Reports of PCs’ Death Greatly Exaggerated

Best Buy is stressing its commitment to the PC category after citing steep computer cannibalization by iPad. According to a story in last week’s Wall Street Journal, Best Buy’s internal estimates showed that Apple’s tablet computer had eaten into PC sales by as much as 50 percent, particularly for notebook models. The newspaper credited CEO Brian Dunn with the data,... More

Link This | Email This | Comments (0)

Bring It On Home

“Made in The U.S.A.” is apparently making a comeback, at least within the major appliance industry. After years of plant consolidations and outsourcing, GE and Whirlpool are bringing production and jobs back home. Incentives include tax and wage concessions from government and unions, but also labor, currency and shipping issues abroad. The latest show of domestic support... More

Link This | Email This | Comments (0)

R'Shack Increases Stock Buyback Plan

RadioShack has raised the ceiling of its stock repurchasing program from $290 million to $500 million, ending speculation of a leveraged buyout by equity investors. “After careful evaluation of the options available to the company and capital requirements of our business going forward, the board has concluded that it is now appropriate to devote a part of our significant cash holdings... More

Link This | Email This | Comments (0)

RadioShack Buyout Rumors Recede

One day after RadioShack shares shot up on rumors of an impending acquisition , the chain’s stock price returned to just above yesterday’s pre-speculative level after CNBC reported that buyout talks have cooled. According to unnamed sources cited by CNBC’s David Faber, RadioShack’s asking price is too high and no deal is imminent. While some analysts consider... More

Link This | Email This | Comments (0)

RadioShack Buyout Rumors Re-Ignite

Shares of RadioShack were up as much as 4 percent today amid renewed speculation that the iconic electronics chain is being acquired. Today’s rumors swirled around reports that equity investment firm Blackstone Group has entered into a definitive agreement to acquire the company. Blackstone was cited last month by the New York Post as one of several large private-equity firms that... More