Featured Articles

Intel releases tiny 3G cell modem

Intel releases tiny 3G cell modem

Intel has released a 3G cellular modem with an integrated power amplifier that fits into a 300 mm2 footprint, claiming it…

More...
Braswell 14nm Atom slips to Q2 15

Braswell 14nm Atom slips to Q2 15

It's not all rosy in the house of Intel. It seems that upcoming Atom out-of-order cores might be giving this semiconductor…

More...
TSMC 16nm wafers coming in Q1 2015

TSMC 16nm wafers coming in Q1 2015

TSMC will start producing 16nm wafers in the first quarter of 2015. Sometime in the second quarter production should ramp up…

More...
Skylake-S LGA is 35W to 95W TDP part

Skylake-S LGA is 35W to 95W TDP part

Skylake-S is the ‘tock’ of the Haswell architecture and despite being delayed from the original plan, this desktop part is scheduled…

More...
Aerocool Dead Silence reviewed

Aerocool Dead Silence reviewed

Aerocool is well known for its gamer cases with aggressive styling. However, the Dead Silence chassis offers consumers a new choice,…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Thursday, 03 July 2008 07:26

Blockbuster will not acquire Circuit City

Written by David Stellmack

Image

Market conditions part of the reason

Blockbuster will drop their efforts to acquire electronic retailer Circuit City after completing their due diligence investigation. While Blockbuster was less than specific, they cited changing market conditions being a contributing factor to their decision not to move forward.

CEO Jim Keyes suggested that the merger would not be in the best interests of shareholders of either company. He did leave the door open, however, for looking at a variety of options and strategic alliances moving forward to expand the company.

Keyes is very experienced in the retail market space from his years at 7-Eleven and was thought to be trying to get back into the retailing market space that he knows best in an effort to evolve the company.

Many believe that the DVD rental business is changing with the advent of DVD rental Kiosks, as well as electronic download, and the pay-per-view options offered by cable and satellite providers. These changes have contributed to a continued decline in revenue for movie rental retailers like Blockbuster.

As for options for Circuit City, they will continue to be under pressure to produce and improve their bottom line. According to various reports, Mark Watter, who owns more than a 6.5% stake in the company, is pushing Circuit City to put itself on the auction block and to start to look at offers from a variety of sources.

Last modified on Thursday, 03 July 2008 07:33

David Stellmack

E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
blog comments powered by Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments