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RadioShack Corp. Message Board

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  • datbehardwork datbehardwork Dec 21, 2007 10:30 AM Flag

    Price compaing GPS at RSH, WMT, CC, &BBY:

    "We are very dissatisfied with our third-quarter results," said Philip J. Schoonover, chairman, president and chief executive, in a statement. Schoonover said he believes the issues are "primarily self-induced" and within the company's control to improve, such as copying competitor Radio Shacks (symbol; RSH, quote) brilliant strategy of quadroupling GPS sales at unheard of profit price points.

    Looking ahead, the company said that assuming current sales and margin trends continue for the rest of the fourth quarter, it will report a "modest" pretax loss from continuing operations for the quarter.
    Philip J. Schoonover, chairman, president and chief executive of Circuit City went on to say, "We've been giving away the GPS units while shoppers walk past our stores into a Radio Shack to pay full retail. How stupid could we have been?"

    "This one blunder has cost our company dearly, while Radio Shack will probably blow away analyst estimates."

    It's a spoof, by the way!

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