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From 2000 to 2011, RadioShack spent US$2.6 billion repurchasing its own stock in an attempt to prop up a share price which fell from US$24.33 to US$2.53; the buyback and the stock dividend were suspended in 2012 to conserve cash and reduce debt as the company continued to lose money. [113]
Tandy Corporation was an American family-owned leather -goods company based in Fort Worth, Texas, United States. Tandy Leather was founded in 1919 as a leather supply store. By the end of the 1950s, under the tutelage of then-CEO Charles Tandy, the company expanded into the hobby market, making leather moccasins and coin purses, making huge ...
Having spent less than US$150,000 on development, Radio Shack announced the TRS-80 (Tandy Radio Shack) at a New York City press conference on August 3, 1977. [18] It cost US$399 (equivalent to $2,000 in 2023), or US$599 (equivalent to $3,000 in 2023) with a 12" monitor and a Radio Shack tape recorder; the most expensive product Radio Shack previously sold was a US$500 stereo.
The article Why Radio Shack Stock Was in the Dumps originally appeared on Fool.com. Fool contributor Jeremy Bowman has no position in any stocks mentioned. The Motley Fool recommends Amazon.com.
Model 100 line. In addition to the above, Tandy produced the TRS-80 Model 100 series of laptop computers. This series comprised the TRS-80 Model 100, Tandy 102, Tandy 200 and Tandy 600. The Model 100 was designed by the Japanese company Kyocera with software written by Microsoft.
Circuit City Corporation, Inc., formerly Circuit City Stores, Inc., was an American consumer electronics retail company, which was founded in 1949 by Samuel Wurtzel as the Wards Company, operated stores across the United States, and pioneered the electronics superstore format in the 1970s. [2][3] After multiple purchases and a successful run on ...
The Realistic name carried on into 1994 as the rest of the Tandy-produced stock was slowly being sold off. In that year, all outsourced audio equipment formerly bearing the Realistic name would carry the Radio Shack name, and the video equipment was renamed to Optimus, another private label audio equipment brand sold by the company since 1967.
In 1963, Tandy Corporation acquired management control of the Radio Shack Corporation and, after two years, Charles Tandy had turned the company's $4 million loss into a profit. During that time of recovery, the Tandy Corporation purchased common stock until they owned 85% of the outstanding Radio Shack common stock. [8]