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NYLXS Members have a lot to say and share but we don't keep many secrets. Join the Hangout Mailing List and say your peice.

DATE 2007-12-01

HANGOUT

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Key: Value:

MESSAGE
DATE 2007-12-11
FROM Ruben Safir
SUBJECT Subject: [NYLXS - HANGOUT] CompUSA is gone

IT CompUSA to Close All Stores After the Holiday Season Brandon Hill
(Blog) - December 8, 2007 12:14 PM
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Protected by FormShield Massive losses and stiff competition lead to a
battered and broken CompUSA

Rumors of CompUSA's demise have been running around the Internet for the
past couple of days, but official confirmation has finally come down
from the top. The company announced yesterday that it was acquired by
an investment firm and that all of the company's businesses and assets
would be sold.

Under the terms of the deal, ownership of CompUSA will be transferred
from Mexican billionaire Carlos Slim to the Gordon Brothers Group. "An
orderly and expedited wind-down and asset sale process is the best option
for CompUSA and its creditors at this juncture," said Bill Weinstein of
the Gordon Brothers Group.

"We worked long and hard with Gordon Brothers Group to achieve a business
solution that maximizes CompUSA's assets," said CompUSA CEO Roman Ross.

According to Bloomberg, the Dallas-based company has courted Circuit City, Micro Electronics and Systemax to purchase closing retail locations and acquire business operations including CompUSA TechPro, CompUSA.com and CompUSA’s technical services division.

CompUSA lost $45.7 million USD during Q3 2007 on revenues $424 million USD. The company has not been able to battle losses despite cash infusions of $2 billion USD and $440 million USD in 1999 and early 2007 respectively.

Those looking to take advantage of reduced prices on tech gifts for friends and family many want to head down to your local CompUSA -- if you still have one left. The company's remaining 103 stores will remain open through the holiday season and will provide steep discounts on all remaining products.

CompUSA, under the direction of Carlos Slim, took drastic steps to turn around its business. The company closed 126 underperforming stores nationwide in February. "Based on changing conditions in the consumer retail electronics market, the company identified the need to close and sell stores with low performance or non-strategic, old store layouts and locations faced with market saturation," said Ross in late February.

Increasing competition from electronics giant Best Buy, a reinvigorated Circuit City and retail monster Wal-Mart left little room for error during CompUSA's restructuring phase.

CompUSA has taken numerous hits over the years for its business practices and its service. The company has also been nicknamed by many techies as CompUSSR for its sometimes “shady” business practices. Most recently, the company came under fire for its mail-in rebate promotions. The Federal Trade Commission (FTC) stepped in and a more streamlined, paper-less Internet-based system was introduced to aid consumers.

--
http://www.mrbrklyn.com - Interesting Stuff
http://www.nylxs.com - Leadership Development in Free Software

So many immigrant groups have swept through our town that Brooklyn, like Atlantis, reaches mythological proportions in the mind of the world - RI Safir 1998

http://fairuse.nylxs.com DRM is THEFT - We are the STAKEHOLDERS - RI Safir 2002

"Yeah - I write Free Software...so SUE ME"

"The tremendous problem we face is that we are becoming sharecroppers to our own cultural heritage -- we need the ability to participate in our own society."

"> I'm an engineer. I choose the best tool for the job, politics be damned.<
You must be a stupid engineer then, because politcs and technology have been attached at the hip since the 1st dynasty in Ancient Egypt. I guess you missed that one."

© Copyright for the Digital Millennium

  1. 2007-12-02 Ruben Safir <ruben-at-mrbrklyn.com> Subject: [NYLXS - HANGOUT] Try to see if this works
  2. 2007-12-03 Ruben Safir <ruben-at-mrbrklyn.com> Subject: [NYLXS - HANGOUT] Re: New Website updates and Next Meeting
  3. 2007-12-03 Ruben Safir <ruben-at-mrbrklyn.com> Subject: [NYLXS - HANGOUT] New Website updates and Next Meeting
  4. 2007-12-03 Ruben Safir <ruben-at-mrbrklyn.com> Subject: [NYLXS - HANGOUT] I'm sick of Procmail
  5. 2007-12-04 Ruben Safir <ruben-at-mrbrklyn.com> Subject: [NYLXS - HANGOUT] NYLXS Paper Work
  6. 2007-12-04 Ruben Safir <ruben-at-mrbrklyn.com> Subject: [NYLXS - HANGOUT] [meissner-at-suse.de: [security-announce] SUSE Security Announcement: Apache2 (SUSE-SA:2007:061)]
  7. 2007-12-04 Ruben Safir <ruben-at-mrbrklyn.com> Subject: [NYLXS - HANGOUT] [meissner-at-suse.de: [security-announce] SUSE Security Announcement: Linux kernel (SUSE-SA:2007:064)]
  8. 2007-12-05 Paul Robert Marino <prmarino1-at-gmail.com> Re: [NYLXS - HANGOUT] I'm sick of Procmail
  9. 2007-12-05 Ruben Safir <ruben-at-mrbrklyn.com> Re: [NYLXS - HANGOUT] I'm sick of Procmail
  10. 2007-12-05 Ron Guerin <ron-at-vnetworx.net> Re: [NYLXS - HANGOUT] I'm sick of Procmail
  11. 2007-12-06 Ruben Safir <ruben-at-mrbrklyn.com> Subject: [NYLXS - HANGOUT] Chanukah Party/ NYLXS Social Event/Installfest
  12. 2007-12-06 Ruben Safir <ruben-at-mrbrklyn.com> Subject: [NYLXS - HANGOUT] [ron-at-vnetworx.net: [nylug-talk] NYLUG & The NY Technical Community Holiday Party December 13, 6:30-8:30PM]
  13. 2007-12-07 Ruben Safir <ruben-at-mrbrklyn.com> Re: [NYLXS - HANGOUT] Chanukah Party/ NYLXS Social Event/Installfest
  14. 2007-12-08 Ruben Safir <ruben-at-mrbrklyn.com> Re: [NYLXS - HANGOUT] archive test
  15. 2007-12-08 Ruben Safir <ruben-at-mrbrklyn.com> Re: [NYLXS - HANGOUT] archive test
  16. 2007-12-08 Ruben Safir <ruben-at-mrbrklyn.com> Re: [NYLXS - HANGOUT] New Archive - Completed
  17. 2007-12-08 Ruben Safir <ruben-at-mrbrklyn.com> Subject: [NYLXS - HANGOUT] [info-at-nylug.org: [nylug-talk] WEDNESDAY Dec. 12th: NYLUG presents Alec Istomin from SWSoft on OpenVirtuozzo, Virtuozzo, Parallels and more]
  18. 2007-12-08 Ruben Safir <ruben-at-mrbrklyn.com> Subject: [NYLXS - HANGOUT] Google Linux Desktop
  19. 2007-12-08 Ruben Safir <ruben-at-mrbrklyn.com> Re: [NYLXS - HANGOUT] Website Updates
  20. 2007-12-09 Ruben Safir <ruben-at-mrbrklyn.com> Subject: [NYLXS - HANGOUT] Re: Favorite way to ban an IP from your webserver?
  21. 2007-12-09 Ruben Safir <ruben-at-mrbrklyn.com> Re: [NYLXS - HANGOUT] Website Updates
  22. 2007-12-09 Ruben Safir <ruben-at-mrbrklyn.com> Subject: [NYLXS - HANGOUT] Marco
  23. 2007-12-09 Ruben Safir <ruben-at-mrbrklyn.com> Subject: [NYLXS - HANGOUT] Installfest today
  24. 2007-12-10 Ruben Safir <ruben-at-mrbrklyn.com> Subject: [NYLXS - HANGOUT] Re: [nylug-talk] TIme to get a Nokia N810
  25. 2007-12-10 Ruben Safir <ruben-at-mrbrklyn.com> Subject: [NYLXS - HANGOUT] InstallFest - Thanx
  26. 2007-12-10 Ruben Safir <ruben-at-mrbrklyn.com> Subject: [NYLXS - HANGOUT] Worthy GNU News
  27. 2007-12-11 Ruben Safir <ruben-at-mrbrklyn.com> Subject: [NYLXS - HANGOUT] Re: Favorite way to ban an IP from your webserver?
  28. 2007-12-11 Ruben Safir <ruben-at-mrbrklyn.com> Subject: [NYLXS - HANGOUT] Re: Favorite way to ban an IP from your webserver?
  29. 2007-12-11 Ruben Safir <ruben-at-mrbrklyn.com> Subject: [NYLXS - HANGOUT] CompUSA is gone
  30. 2007-12-11 Ruben Safir <ruben-at-mrbrklyn.com> Subject: [NYLXS - HANGOUT] Fair Use stikes out again
  31. 2007-12-11 Ruben Safir <ruben-at-mrbrklyn.com> Subject: [NYLXS - HANGOUT] Netflix is TOOO Big
  32. 2007-12-11 Ruben Safir <ruben-at-mrbrklyn.com> Subject: [NYLXS - HANGOUT] Music is a crime
  33. 2007-12-12 Ruben Safir <ruben-at-mrbrklyn.com> Subject: [NYLXS - HANGOUT] NYLXS Paper Work
  34. 2007-12-12 Ruben Safir <ruben-at-mrbrklyn.com> Subject: [NYLXS - HANGOUT] [noreply-at-lists.linuxjournal.com: Linux Journal Weekly Newsletter - Dec. 12, 2007]
  35. 2007-12-12 archive <archive-at-mrbrklyn.com> Subject: [ruben-at-mrbrklyn.com: [NYLXS - HANGOUT] Re: Favorite way to ban an IP from your webserver?]
  36. 2007-12-12 archive <archive-at-mrbrklyn.com> Subject: [ruben-at-mrbrklyn.com: Re: [NYLXS - HANGOUT] Re: Favorite way to ban an IP from your webserver?]
  37. 2007-12-12 Ruben Safir <ruben-at-mrbrklyn.com> Subject: [NYLXS - HANGOUT] [JAM-at-JRLLC.com: ]
  38. 2007-12-12 Ruben Safir <ruben-at-mrbrklyn.com> Subject: [NYLXS - HANGOUT] Re: [opensuse] Audacity on 10.2
  39. 2007-12-12 Ruben Safir <ruben-at-mrbrklyn.com> Subject: [NYLXS - HANGOUT] Re: [opensuse] Audacity on 10.2
  40. 2007-12-12 Ruben Safir <ruben-at-mrbrklyn.com> Subject: [NYLXS - HANGOUT] [bigdaddyj-at-gmail.com: Re: [MLUG] Re: bash pattern matching]
  41. 2007-12-13 From: "Michael L. Richardson" <mlr52-at-michaellrichardson.com> Re: [NYLXS - HANGOUT] [JAM-at-JRLLC.com: ]
  42. 2007-12-13 Ruben Safir <ruben-at-mrbrklyn.com> Re: [NYLXS - HANGOUT] [JAM-at-JRLLC.com: ]
  43. 2007-12-13 From: "Michael L. Richardson.com" <mlr52-at-michaellrichardson.com> Re: [NYLXS - HANGOUT] [JAM-at-JRLLC.com: ]
  44. 2007-12-13 Ruben Safir <ruben-at-mrbrklyn.com> Re: [NYLXS - HANGOUT] [JAM-at-JRLLC.com: ]
  45. 2007-12-13 From: "Michael L. Richardson.com" <mlr52-at-michaellrichardson.com> Re: [NYLXS - HANGOUT] [JAM-at-JRLLC.com: ]
  46. 2007-12-13 Ruben Safir <ruben-at-mrbrklyn.com> Subject: [NYLXS - HANGOUT] [m06malho-at-council.nyc.gov: Tech in Govt Oversight Hearing Tomorrow - NYCHA Call Center Expansion]
  47. 2007-12-14 Ruben Safir <ruben-at-mrbrklyn.com> Subject: [NYLXS - HANGOUT] [fmiller-at-lightlink.com: [opensuse] FREE SOFTWARE GROUP FILES COPYRIGHT SUIT AGAINST VERIZON]
  48. 2007-12-14 From: "Michael L. Richardson" <mlr52-at-mycouponmagic.com> Subject: [NYLXS - HANGOUT] Brooklyn community center.
  49. 2007-12-14 From: "Michael L. Richardson" <mlr52-at-michaellrichardson.com> Subject: [NYLXS - HANGOUT] More Brooklyn community center.
  50. 2007-12-14 Ruben Safir <ruben-at-mrbrklyn.com> Re: [NYLXS - HANGOUT] More Brooklyn community center.
  51. 2007-12-14 From: "Michael L. Richardson.com" <mlr52-at-michaellrichardson.com> Re: [NYLXS - HANGOUT] More Brooklyn community center.
  52. 2007-12-15 Ruben Safir <ruben-at-mrbrklyn.com> Subject: [NYLXS - HANGOUT] Re: Gnome and Microsoft
  53. 2007-12-15 Ruben Safir <ruben-at-mrbrklyn.com> Subject: [NYLXS - HANGOUT] Re: Gnome and Microsoft
  54. 2007-12-16 Ruben Safir <ruben-at-mrbrklyn.com> Subject: [NYLXS - HANGOUT] Stupid Add Campaign by a local web site
  55. 2007-12-16 email <ray-pub-at-rcn.com> Re: [NYLXS - HANGOUT] Stupid Add Campaign by a local web site
  56. 2007-12-16 Ruben Safir <ruben-at-mrbrklyn.com> Re: [NYLXS - HANGOUT] Stupid Add Campaign by a local web site
  57. 2007-12-16 From: "Michael L. Richardson" <mlr52-at-michaellrichardson.com> Subject: [NYLXS - HANGOUT] Can anyone help on Monday?
  58. 2007-12-16 Ruben Safir <ruben-at-mrbrklyn.com> Re: [NYLXS - HANGOUT] Can anyone help on Monday?
  59. 2007-12-16 From: "Michael L. Richardson" <mlr52-at-michaellrichardson.com> Re: [NYLXS - HANGOUT] Can anyone help on Monday?
  60. 2007-12-16 Ruben Safir <ruben-at-mrbrklyn.com> Re: [NYLXS - HANGOUT] Can anyone help on Monday?
  61. 2007-12-16 From: "Michael L. Richardson" <mlr52-at-michaellrichardson.com> Re: [NYLXS - HANGOUT] Can anyone help on Monday?
  62. 2007-12-16 Ruben Safir <ruben-at-mrbrklyn.com> Subject: [NYLXS - HANGOUT] NYLXS Business Meeting
  63. 2007-12-17 Ruben Safir <ruben-at-mrbrklyn.com> Subject: [NYLXS - HANGOUT] GNU Healthcare and IT
  64. 2007-12-17 Ruben Safir <ruben-at-mrbrklyn.com> Subject: [NYLXS - HANGOUT] [marco-at-digifreedom.net: Wanted: Free Software resources for all families and schools]
  65. 2007-12-17 Ruben Safir <ruben-at-mrbrklyn.com> Subject: [NYLXS - HANGOUT] [pshapiro-at-his.com: [Dclug] impressions of Eee PC from public library viewpoint]
  66. 2007-12-18 Ruben Safir <ruben-at-mrbrklyn.com> Subject: [NYLXS - HANGOUT] [jarod-at-wilsonet.com: Re: New York Stock Exchange moves to Linux]
  67. 2007-12-18 Ruben Safir <ruben-at-mrbrklyn.com> Subject: [NYLXS - HANGOUT] [meissner-at-suse.de: [security-announce] SUSE Security Announcement: Mozilla Firefox 2.0.0.10 (SUSE-SA:2007:066)]
  68. 2007-12-18 Ruben Safir <ruben-at-mrbrklyn.com> Subject: [NYLXS - HANGOUT] [meissner-at-suse.de: [security-announce] SUSE Security Summary Report SUSE-SR:2007:025]
  69. 2007-12-18 Ruben Safir <ruben-at-mrbrklyn.com> Subject: [NYLXS - HANGOUT] Acts of Violence in the Universe - News You Might Have Missed
  70. 2007-12-18 Ruben Safir <ruben-at-mrbrklyn.com> Subject: [NYLXS - HANGOUT] [ruben-at-mrbrklyn.com: Re: [nylug-talk] HP 5Si]
  71. 2007-12-18 email <ray-pub-at-rcn.com> Subject: [NYLXS - HANGOUT] NY and ODF or OOXML
  72. 2007-12-19 Ruben Safir <ruben-at-mrbrklyn.com> Re: [NYLXS - HANGOUT] NY and ODF or OOXML
  73. 2007-12-19 email <ray-pub-at-rcn.com> Re: [NYLXS - HANGOUT] NY and ODF or OOXML
  74. 2007-12-19 Ruben Safir <ruben-at-mrbrklyn.com> Subject: [NYLXS - HANGOUT] Meeting Tonight 6:30PM
  75. 2007-12-19 Ruben Safir <ruben-at-mrbrklyn.com> Subject: [NYLXS - HANGOUT] Corperate Spying OK for Copyright
  76. 2007-12-23 Ruben Safir <ruben-at-mrbrklyn.com> Subject: [NYLXS - HANGOUT] ms-EU Anti-Trust results
  77. 2007-12-24 Ruben Safir <ruben-at-mrbrklyn.com> Subject: [NYLXS - HANGOUT] check this out
  78. 2007-12-28 Ruben Safir <ruben-at-mrbrklyn.com> Subject: [NYLXS - HANGOUT] [gaf-at-blu.org: Re: SCO has been delisted by NASDAQ]
  79. 2007-12-30 Ruben Safir <ruben-at-mrbrklyn.com> Subject: [NYLXS - HANGOUT] OLPC
  80. 2007-12-30 Ruben Safir <ruben-at-mrbrklyn.com> Subject: [NYLXS - HANGOUT] Freedom-IT
  81. 2007-12-30 Ruben Safir <ruben-at-mrbrklyn.com> Subject: [NYLXS - HANGOUT] Mike's Children Workshop
  82. 2007-12-30 Ruben Safir <ruben-at-mrbrklyn.com> Subject: [NYLXS - HANGOUT] [newsletter-at-mysql.com: MySQL Newsletter: December 2007]

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