They were DEFINITELY NOT MADE IN CHINA
Posted on 09/10/2014 1:54:31 PM PDT by SeekAndFind
Thoubled electronics retailer RadioShack Corp's shares have lost nearly a third of their value since brokerage Wedbush Securities said on Tuesday the company could file for bankruptcy soon, making the stock worthless by the end of this year.
The stock fell as much as 20 percent to 76 cents on Wednesday, adding to a 23 percent plunge on Tuesday.
"Our price target reflects our expectation that creditors will force a reorganization and wipe out RadioShack's equity," Wedbush analyst Michael Pachter wrote in a note.
Pachter, rated four stars out of five by StarMine for the accuracy of his calls on RadioShack, is the second top rated analyst to cut the stock's price target to $0 this year.
RadioShack's stores, which have been around for more than 90 years, were once the go-to shops for budding innovators and engineers for products that ranged from vacuum tube speakers to the first mass-produced PC, the TRS-80.
But the retailer has not done enough to transform itself into a destination for mobile phone buyers, losing out to rivals such Amazon.com Inc and Wal-Mart Stores Inc.
(Excerpt) Read more at mcall.com ...
The one I miss is Heathkit. I spent many a winter hour building electronic stuff from Heathkit back in my teens. It was good quality time with my Dad. This thread brought back some memories and a tear.
It is amazing to think that for a short period of time, maybe for a decade, they sold personal computer systems that were less expensive, but with some of the best specs in the business. They sold out to AST, which later sold out to Samsung.
They knew they were in trouble for decades and did little or nothing about it.
Probably their best chance would have been to open a chain of secondary-level electrical, electronics and computer schools in conjunction with public and charter schools.
A lot of parents would have paid a pretty penny to get their children extra schooling in those subjects.
In the early 90’s I got a used computer. It had a 100 mb harddrive and a 1x CD drive. It might have been one of the first with a CD drive when it was manufactured.
I remember it had one of those really old modems, no sound card and about 2-4 mb of RAM....
I installed a 33.6 modem, a sound card and upped it to the max 28 mb of RAM. I actually really enjoyed that old machine
Maybe mid-90’s... I was way behind... lol
One of the minor rules I have followed for the last five decades to help insure my happiness is never spend more than $3 at one time in a Radio Shack.
I use them with my spun aluminum carburetors and chrome muffler bearings.
No, but my DX-440 still works after 25 years.
There will be a line that wraps around the store when the “Closing Sale” begins.
During the CB craze I lived for their catalog.
In fact I had just bought that radio on April 4, 1989, just in time to hear Radio Beijing announce the crackdown in Tiananmen Square.
I still have a tabletop lamp dimmer from Heath - probably my first project. It still works but with everything having polarized plugs these days it’s not so useful.
Oops I should have said June 3 1989,
Components? hit me up . .
Don't forget the 4-channel days!!!
I just heard that Microsoft which lost tons of cash on Nokia now wants to spend a couple of billion buying Minecraft....
... seriously??
Can relate, I went door to door mowing lawns to I could get a Pioneer SX-250 stereo receiver.
I have been meaning to talk to you about this throwing of my paper in my hot tub every Saturday.
I am only still in the spa on Sunday mornings.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.