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Radio Shack Reported To Be Ready for Bankruptcy Filing

Posted by timothy on from the what's-wrong-with-soldering-irons dept.

hij writes A number of news reports are coming out the Radio Shack is ready to file for bankruptcy. The stock price has tanked on Wall Street. There are conflicting reports that they are seeking more credit and they may be bought for their assets. (The Wall Street Journal has the story, but paywalled.)

1 of 314 comments (clear)

  1. Re:"and they may be bought for their assets." by jandrese · · Score: 4, Informative

    I know this is meant to be a joke, but closing Radio Shack means there is no longer any place you can just run out and grab a specific capacitor or DB9 connector or whatever. It will be online only. This isn't the end of the world, but it is a little sad.

    Their assets are basically their storefronts. That's a lot of retail space that is certainly not going to be transformed into something I would ever want to visit.

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    I read the internet for the articles.