Heathkit Announces Acquisition of Radio Shack
Heathkit announced today they have reached an agreement to acquire the assets of Radio Shack for $300M, blocking efforts from mobile wireless carrier Sprint to acquire a large portion of the struggling and now bankrupt North American consumer electronics retailer. No further details were mentioned by Heathkit other than they “had big plans” and “everyone should stay tuned to the website for details.”
Radio Shack CEO Joseph Magnacca was quoted in a press release as saying “We are very happy and excited about the pending transaction with Heathkit. The Heathkit team has shown us they have a more viable business plan than Sprint, and our creditors agree that the Heathkit team brings a higher level of management, leadership, and strategy to Radio Shack, more than the company has ever had.”
Immediately after the announcement amateur radio online forums were alive with discussions and speculation on when closed stores would reopen. Several commenters reminisced about the days when Radio Shack offered amateur radios and components. One person noted how difficult it is to get good 68k ohm resistors and Radio Shack could chart a course to profitability if they just stocked these resistors. Others bemoaned Radio Shack’s practice of asking for customer addresses, claiming it was a front for NSA information-gathering efforts. Several commenters agreed that Radio Shack should offer a vacuum tube code practice oscillator kit.
And in other news: Elecraft just announced that it was aquired by Pofung and will now offer the Pofung KX-3 with the newly added menus in Chinese. Chefs recommendations are number 89 and 115.
#89, is that the Broccoli Beef?
Can I send in my TRS-80 Model 100 for repair?
Where would Heathkit get 399m?
If Heathkit had 300m, why wasn’t there Heathkit stores already?
OOPS, 300m not 399m. Bad keyboard.
Lots of activity today! April 1st! LOL
Elecraft – something odd about the date??
ju like bleef flied lice
Are you really trying to tell me that some chicken fried this rice?
Good one, Anthony! Reminds me of an April morning a few years ago when I had the office going nuts when I circulated the “Associated Press” story about the discovery by mathematicians of a new number between 7 and 8.
Then there was my article in the April 2014 issue of CQ in which I described how I used feng shui in the shack to enhance transmitted and received signals. Trouble is, that one only got me nasty emails telling me what a dolt I was to even suggest such a thing.
Coincidentally I was at my son’s new place today – he just moved into it. He mentioned that the motion-detection light on his back porch no longer worked, I took a look and was astonished to see that it was labeled Heathkit-Zenith. I didn’t Zenith own Heath about 30 years ago? I built a Z-DOS PC of theirs around then. I sure never know they made security lights.