Circuit City gives up the fight -- Another bite off my childhood sniff sniff

After months of rebuffing a buyout from Blockbuster, the consumer-electronics retailer effectively put itself up for sale, allowing the video-rental chain and its largest shareholder, Carl Icahn, to review its books.

By BusinessWeek

Circuit City is finally throwing in the towel.

Confronted with weak sales, impatient shareholders and a pummeled consumer, the electronics chain has capitulated and retained Goldman Sachs to help negotiate a deal.

Circuit City also headed off a potentially nasty proxy fight with activist investor Mark Wattles by agreeing to nominate three of the investor's candidates to its board.

The moves, made earlier this month, almost certainly presage a sale of Circuit City Stores (CC, news, msgs), likely to Blockbuster (BBI, news, msgs), where Carl Icahn has stepped up and agreed to finance a Circuit City acquisition.

Icahn, Blockbuster's largest shareholder -- has bought into a "game-changing" scheme announced last month in which the troubled electronics retailer would be combined with the troubled movie retailer to create a new national chain selling consumer hardware and software.

Wall Street is dubious, and no other buyers have emerged wanting Circuit City.

"(There's) a lack of potential bidders beyond Blockbuster," says Matthew Fassler, an electronics retail analyst at Goldman Sachs (GS, news, msgs).

There are numerous reasons buyers beyond Icahn are not lining up. Circuit City is in an extremely competitive business with heavy pressure from Wal-Mart Stores (WMT, news, msgs).

At the same time, Circuit City comes saddled with 682 locations, many of which are in poor and underperforming areas, a fact that CEO Philip Schoonover often refers to when discussing his company's poor performance.

"While the Circuit City board has confidence in the company's ability to successfully implement its turnaround plan and generate shareholder value, we believe that we can best serve the interests of our shareholders by exploring all possible alternatives to enhance shareholder value," Schoonover said May 9.

What the $%@#!!!!!!

Olberman's Special Comment On Hillary's Assassination Remark

I don't have to say anything. This says it all. The only thing I want to add is I wonder if this preachers rants about her are being thrown out there to turn peoples attentions. I mean WTF is going on with people in this election. There are so many possibilities of growth in this election but the attacks of personal character have to stop. The other thing to me is the fact that Obama has widely been compared to Kennedy. Arrgh, just chaps my butt.

Obama's Church: Why Hillary Cried - Father Michael Pfleger

I know this is gonna push some buttons but.....hmmm gotta think about it lol.

What Does RFK's Assassination Have to Do with It?

Here is the video

Hilary calls possible Obama Assasination as a reason to stay in the race - WTF???

Story from the NY Post

HILLARY RAISES ASSASSINATION ISSUE

DEFENDS LONG-RUNNING CAMPAIGN

By GEOFF EARLE

Hillary Clinton today brought up the assassination of Sen. Robert Kennedy while defending her decision to stay in the race against Barack Obama.

"My husband did not wrap up the nomination in 1992 until he won the California primary somewhere in the middle of June, right? We all remember Bobby Kennedy was assassinated in June in California. I don't understand it," she said, dismissing calls to drop out.

Obama's camp immediately fired back.

"Sen. Clinton's statement before the Argus Leader editorial board was unfortunate and has no place in this campaign," Obama campaign spokesman said in a statement.

Clinton made her comments at a meeting with the Sioux Falls Argus-Leader's editorial board while campaigning in South Dakota, where she complained that, "People have been trying to push me out of this ever since Iowa."

Obama, the first African-American to advance so far in the race for the White House, has faced threats, sources have said.

Robert Kennedy, the younger brother of President John F. Kennedy, was gunned down in 1968 after winning the California primary. He had been a hero on the left for his civil rights agenda and calls to end the war in Vietnam.

Barack Obama, who leads Clinton by nearly 200 delegates and has already secured a majority of pledged delegates, has been the subject of threats. Early in the campaign, the Secret Service gave him a security detail at the request of Sen. Richard Durbin (D-Illinois).

Clinton criticized an "urgency" to end the campaign prematurely, saying, "Historically, that makes no sense."

She later issued an apology for the remark.

"I regret that if my referencing that moment of trauma for our entire nation and in particular the Kennedy family was in any way offensive. I certainly had no intention of that whatsoever," the former first lady said.

Clinton spokesman Howard Wolfson defended the comments to The Post, "She was talking about the length of the race and using the '68 election as an example of how long the races in the past have gone -- she used her husband's race in the same vein."

Mac vs. PC - Halo Style

How did I miss this one lol

Equipment Limitation

Yesterday the old classic Johnny Mnemonic came on. Basic premises is Keaunu Reeves can store data in his head. I was telling one of my students about how funny it is now that he was saying his brain was gonna blowup with the"320Gb" of data in there. I told him how my new Xserve has twin 1 TB drives and the 40 MyBook drives we are taking to Greenland are 4Tb each. The student then said "Well you have to realize the size limitations of the equipment" (i.e. Keanu's brain) OMG I laughed so freaking hard lol. Classic lol.

~J

Powerful Anti-McCain Speech - Wow

This young lady's words were some of the most powerful I have ever heard. I can't believe she took it to her school like that during a time in which she was being honored. Absolutely amazing!!

The "Dream Ticket" is a possiblility

The so called "Dream Ticket" of Obama and Clinton is coming closer and closer. In all seriousness this is what I wanted all along but Hillary had to go and F it up by talking crap about Obama. I wonder after all their S slinging if they can actually be on the same ballot without either of them looking like a tartuffe? The dems seems to have this election all but wrapped up but the inner battles between the candidates have to be squashed or I fear that Bush the third (McCain) will actually have a shot at ruining/running the country again.

~J

The F Word - (Not Work Safe Warning)

Trying to expand my vocabulary lol

Glowing Color-Clouds 30 Min Before 2008 Sichuan China Quake

Freaky

Gary Kasparov and the Flying Penis

Easy BSD root: md0, major 2, minor 0 Fix

Whew this one saved me lol

Time Lapse from PC to iMac - What I did at work today

iLuv both sucks and blows

As yall know I'm getting ready for a trip to Greenland. I knew I wanted to take some speakers with me to play my new iTouch through and I also wanted to show my videos on the tv or projector or what ever. I originally was gonna by a Dock and the composite cable from Apple for about $100. Then I was gonna pickup some decent computer speakers to be the sound system. While I was surfing I came across the iLuv that is a boombox with Aux-in and A/V out for the iPod and only $59 at circuit city. I'm thinking cool beans solves all my problems and is cheaper plus radio is bonus. I fully expected no bass but at least descent sound. I fully expected to be able to hookup my iTouch and go for it according to the compatibility list. Well I was wrong on both accounts. Remember the old unpowered computer speakers from back in the day?? How nasilly they sounded?? Well that is what this thing sounds like. I figure I can deal with that as long as it outputs my videos, right?? Wrong, only supports old iPod Videos. WTF!!!! So I am gonna do my original plan and get the dock and the cable and the speakers. Crap!!!

Walk This World (Ten/Jack) - Dreeny did this!!

Guess I have to start watching freaking Dr. Who now. Dang it,,,Dreeeny gets me every time lol.

Easy iPod touch iPhone Jailbreak CTVP

Guess what's the first thing I am going to do with my 16Gb iTouch next week lol???

Red Green Show - A Handy Computer Desk

Red Green Show - Luxury Car

Yes We Can - Barack Obama Music Video

That's my boy lol.

OK Last one lol

This is the one. This is the one the murderers would be begging for the death penalty for!!! lol

Radio Gaga with Prisoners

I just saying if we implemented some of this in our prisons I think people would be less likely to come back,,,,then again there would probably be a rise in police assisted suicides lol.

Isn't prison punishment enough lol

Halo 3 Mad TV Master Chief Comes To Dinner