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RadioShack AO Message Board

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  • timberlandko timberlandko Aug 28, 2002 6:05 PM Flag

    Still not oversold

    A regulation that goes into effect 14 months from now is of little immediate impact. More timely news afvfecting RS is below:
    " ... Reuters Company News
    FCC extends some radar detector marketing for a month
    Wednesday August 28, 5:48 pm ET

    WASHINGTON, Aug 28 (Reuters) - Consumer electronics retailer RadioShack Corp. (NYSE:RSH - News) received only a month-long extension for marketing radar detectors that no longer comply with new rules limiting interference, the Federal Communications Commission said on Wednesday ...

    ... "We decline to waive the marketing deadline to the extent requested by RadioShack since such a delay would allow numerous noncompliant radar detectors to be sold and undermine the policy that the rule in question is intended to serve," the FCC said in its order.

    RadioShack said in an Aug. 15 filing to the FCC that it had more than 100,000 radar detectors worth several millions of dollars in its distribution pipeline and about two-thirds of them were on-hand in stores or distribution centers.

    A company spokesman was not immediately available for comment. In its Aug. 15 FCC filing, RadioShack said it could face losses of several millions of dollars in sales alone ... "

    Looks loke another RS toe just got stubbed