Circuit City is not going down without a fight. Just a day after filing chapter 11 bankruptcy, Bank of America comes to the rescue. To the tune of $1.1 billion. Yowza.Not sure if that's even going to be enough - the company is $2.3 billion in...
Circuit City is not going down without a fight. Just a day after filing Chapter 11 bankruptcy, Bank of America comes to the rescue. To the tune of $1.1 billion. Yowza.Not sure if that's even going to be enough — the company is $2.3 billion in...
Sad and depressing, but it needs to be discussed. Circuit City customers need to understand how the company is handling their returns during this transitional period — as they transition from company to nothingness.We reported last week that...
Things are tough, especially in consumer electronics. Circuit City is really taking it on the chin. As we previously reported, the rumor was that CC was going to close stores to try to stay afloat. Now, that rumor has become reality.It was...
Recent doings at Circuit City may be of interest in the wake of the mass firings reported here and elsewhere. The story became a Primedia trifecta--covered here, on the Stereophile site, and on the Ultimate AV site--in addition to wide coverage elsewhere including a stern editorial in the New York Times.
Attention, shoppers. Circuit City may close 150 stores as an alternative to bankruptcy. The reason this grim news may be of interest is that when stores close, inventory gets liquidated--and that could mean sweet deals for consumers down the road.
This certainly has been a busy couple of weeks for Circuit City, the #2 retail outlet for consumer electronics in the U.S. No less than three separate events are bound to have an major impact on the company.
You know the saying, cutting off your nose to spite your face? You have to wonder if Circuit City might have done the same. We reported earlier this week that the mega-retailer is going to shut down 150 stores and is laying off thousands of...
Circuit City is getting lean and mean. Cutting the fat, drastically, so to speak. In perhaps a last ditch effort to stay afloat, the second biggest consumer electronics brick-and-mortar retailer is closing at least 150 stores. That's huge -...
One door closes and another opens. Where will Circuit City customers take their business after the mega-chain's swan dive? To Best Buy, 55 percent of them told NPD Group researchers.
Blockbuster wants in on the electronics business. First the struggling movie rentals company wants to sell a branded set-top box for downloading movies. Now it wants to buy an entire consumer electronics retail chain. Blockbuster made a buyout...
Last week, <A HREF="http://www.cirrus.com">Cirrus Logic</A> and <A HREF="http://www.digitalharmony.com">Digital Harmony Technologies</A> announced a licensing agreement that aims to "proliferate affordable, high-bandwidth digital home-entertainment systems." Under the terms of the agreement, Cirrus Logic has licensed the rights to Digital Harmony's IEEE 1394 intellectual property, thereby merging its Crystal audio technology with Digital Harmony's non-proprietary high-bandwidth data bus.
Last week, <A HREF="http://www.cirrus.com">Cirrus Logic</A> announced an agreement that will make possible broad deployment of THX-grade home-theater systems. In a press release, the company says it has licensed THX home-theater DSP (digital signal processing) algorithms from Lucasfilm for upcoming audio products. "Cirrus Logic thus becomes the first semiconductor manufacturer to combine THX post-processing capabilities with economical, embedded certified software for all popular audio DVD decoding standards. For leading-brand mass-market suppliers, this solution will simplify designs, reduce costs, and lower the price point for implementing THX audio technology into A/V hi-fi receiver amplifiers that support playback of DVD movies."
The long-promised potential of HDTV-over-the-Web could be delivered by an unlikely source. Rather than being worked out by your broadband service provider, your big-screen TV could get video through Cisco, which just invested a chunk of change in a...