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The bricks and mortar retail giant that once was - Circuit City - announced Chapter 11 bankruptcy protection back in November.  Now, the company has issued an update stating that they are putting themselves up for sale as a “going concern” - meaning the company will continue to operate as… Continue Reading »

One of the hottest gifts this holiday season is going to be GPSs.  Everyone, at some point in their life, has gotten lost multiple times while on the road and owning a GPS these days seems almost as necessary as having a cell phone.  In case you want a general… Continue Reading »

Just last week, Circuit City announced plans to close a fifth of its stores.  This morning, they just filed for Chapter 11 protection in the U.S. Bankruptcy Court. The petition for Chapter 11 protection in U.S. Bankruptcy Court in Richmond, Virginia, listed $3.4 billion in assets and $2.32 billion in… Continue Reading »

Circuit City turned in second quarter results that looked a lot like a black diamond ski slope.  As reported in a previous Gadgetell article, drastic measures had to be taken with a sudden CEO change three weeks ago. Hopefully, new CEO, James Marcum, is a good skier.  Maybe you are… Continue Reading »

Recently, a Circuit City flyer showed a new Compaq laptop listing, the Presario CQ70.  This laptop sports a lot of great features and is pretty cheap considering what it comes with. First off, it runs on Intel’s Pentium Dual Core 2GHz processor, 3GB DDR2 RAM, a big 17 inch screen,… Continue Reading »

Circuit City’s CEO, Philip J. Schoonover, announced his resignation as president and CEO and is leaving the company immediately.  Normally, when a company changes CEOs, there is a plan announced sometimes years in advance to keep the stock price afloat.  Schoonover’s departure was not part of any such plan. New… Continue Reading »

Movie-rental chain giant Blockbuster announced recently that it was withdrawing its $1 billion bid for consumer electronics chain Circuit City. Blockbuster initially made the proposal on February 17, with due diligence and the announcement being made public last month on April 14. Chief Executive James Keyes blamed “market conditions” for… Continue Reading »

As we previously reported, video rental giant Blockbuster has been looking to acquire electronics giant Circuit City. Blockbuster has already offered a whopping $1 billion, but reports are flying in, saying that they cannot fund such a hefty offer. In an official statement from the company, Circuit City said: “Circuit… Continue Reading »

The courtship began in December with heady bids, chocolate kisses, and flowers. Blockbuster, the movie rental leader was set to hitch Circuit City to it’s star. Making its overtures public on Monday with an offering reportedly worth nearly 1 billion dollars. There were talks of crossing platforms with Circuit City… Continue Reading »

Blockbuster is all set to acquire Circuit City, hoping it would become a very huge electronic gadget chain aside from being a global provider of movies and gaming entertainment. Blockbuster is reportedly willing to bid over $1 billion, larger than the company’s current value in the stock market, to create… Continue Reading »