New York — The Anti-Defamation League’s National Consumer Technology Industry divisio
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 RadioShack an attractive asset thanks to its aggressive cost-cutting, solid balance sheet and strong wireless position, others take a lesser view: The chain was among 10 brands named by online investor publication 24/7 Wall St. as destined to disappear next year.
The article, which also included Blockbuster and T-Mobile, said “RadioShack has already begun to rebrand itself as ‘The Shack,’ an indication that it knows the older brand is a burden.”
This TWICE webinar, hosted by senior editor Alan Wolf, will take a look at what may be the hottest CE products at retail that will be sold during the all-important fourth quarter. Top technologies, market strategies and industry trends will be discussed with industry analysts and executives.