[OT] RadioShack suspended from NYSE as bankruptcy looms

  • Thread starter Mr. Man-wai Chang
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Mr. Man-wai Chang

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Summary: RadioShack shares have been suspended from trading on the New
York Stock Exchange (NYSE) even as it continues to seek a rescue from
possible bankruptcy.

The NYSE said the US electronics firm had failed to comply with its
listing standards, and that it was "taking action" to delist the shares.

RadioShack has shed about 90% of its market value over the past year as
its financial woes deepened.

The firm will have to shut down all of its stores unless a bidder emerges.

RadioShack shares have traded below $1 since November and tumbled a
further 13% on Monday to close at $0.24.

The NYSE said it was forced to act because the "company does not intend
to submit a business plan to address its non compliance" with its
listing standards of a $50m (ÂŁ33m) average market over 30 consecutive days.

The 92-year-old firm has struggled to maintain sales and customer
loyalty in the face of competition from Walmart and online retailers
such as Amazon.

The firm warned last year that it may have to seek Chapter 11 bankruptcy
and its chief executive recently warned it might not be able to find a
long-term plan to stay afloat.

RadioShack first opened in 1921 as a mail-order retailer before
expanding into electronics.

It operates approximately 4,485 stores in the US, which sell everything
from mobile phone accessories to converters.

Source: http://www.bbc.com/news/business-31105767

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On Wed, 04 Feb 2015 02:41:39 +0800, Mr. Man-wai Chang wrote:

Summary: RadioShack shares have been suspended from trading on the New
York Stock Exchange (NYSE) even as it continues to seek a rescue from
possible bankruptcy.

The NYSE said the US electronics firm had failed to comply with its
listing standards, and that it was "taking action" to delist the shares.

RadioShack has shed about 90% of its market value over the past year as
its financial woes deepened.

The firm will have to shut down all of its stores unless a bidder
emerges.

RadioShack shares have traded below $1 since November and tumbled a
further 13% on Monday to close at $0.24.

The NYSE said it was forced to act because the "company does not intend
to submit a business plan to address its non compliance" with its
listing standards of a $50m (瞿33m) average market over 30 consecutive
days.

The 92-year-old firm has struggled to maintain sales and customer
loyalty in the face of competition from Walmart and online retailers
such as Amazon.

The firm warned last year that it may have to seek Chapter 11 bankruptcy
and its chief executive recently warned it might not be able to find a
long-term plan to stay afloat.

RadioShack first opened in 1921 as a mail-order retailer before
expanding into electronics.

It operates approximately 4,485 stores in the US, which sell everything
from mobile phone accessories to converters.

Source: http://www.bbc.com/news/business-31105767

From:
http://www.cbsnews.com/news/radioshack-sliding-toward-bankruptcy/

"In hopes of remaking its fading brand, the company has started remodeling
more than 200 stores by making them more open and inviting to customers."

Ho ho. Ha ha. Whooooohahahahahahahaha.

No one sane goes to a Radio Shack if they actually need help from the
idiot behind the counter. You go to Radio Shack only if you have a plan
to successfully fend off the idiot behind the counter. The only time that
you find competent help at a Radio Shack is if the store happens to be
close to a college or high school that has a strong technical program, and
then whatever competent help they do inadvertently hire never lasts. (Or
maybe they get hired away -- I dunno).

--

Tim Wescott
Wescott Design Services
http://www.wescottdesign.com
 
On Tue, 03 Feb 2015 13:52:33 -0600, Tim Wescott
<seemywebsite@myfooter.really> wrote:

On Wed, 04 Feb 2015 02:41:39 +0800, Mr. Man-wai Chang wrote:

Summary: RadioShack shares have been suspended from trading on the New
York Stock Exchange (NYSE) even as it continues to seek a rescue from
possible bankruptcy.

The NYSE said the US electronics firm had failed to comply with its
listing standards, and that it was "taking action" to delist the shares.

RadioShack has shed about 90% of its market value over the past year as
its financial woes deepened.

The firm will have to shut down all of its stores unless a bidder
emerges.

RadioShack shares have traded below $1 since November and tumbled a
further 13% on Monday to close at $0.24.

The NYSE said it was forced to act because the "company does not intend
to submit a business plan to address its non compliance" with its
listing standards of a $50m (?33m) average market over 30 consecutive
days.

The 92-year-old firm has struggled to maintain sales and customer
loyalty in the face of competition from Walmart and online retailers
such as Amazon.

The firm warned last year that it may have to seek Chapter 11 bankruptcy
and its chief executive recently warned it might not be able to find a
long-term plan to stay afloat.

RadioShack first opened in 1921 as a mail-order retailer before
expanding into electronics.

It operates approximately 4,485 stores in the US, which sell everything
from mobile phone accessories to converters.

Source: http://www.bbc.com/news/business-31105767

From:
http://www.cbsnews.com/news/radioshack-sliding-toward-bankruptcy/

"In hopes of remaking its fading brand, the company has started remodeling
more than 200 stores by making them more open and inviting to customers."

Ho ho. Ha ha. Whooooohahahahahahahaha.

No one sane goes to a Radio Shack if they actually need help from the
idiot behind the counter. You go to Radio Shack only if you have a plan
to successfully fend off the idiot behind the counter. The only time that
you find competent help at a Radio Shack is if the store happens to be
close to a college or high school that has a strong technical program, and
then whatever competent help they do inadvertently hire never lasts. (Or
maybe they get hired away -- I dunno).

RadioShack _used_ to be a source for at least some common electronics
parts. As of late, they're mostly cellphone shills and low end "home
theater". So, instead of running to the corner for some resistors, I
just DigiKey.

Too bad, so sad, but now they deserve to collapse.

(Though I do have some fond memories... like the time a RadioShack
employee tried to tell me there was a difference between a plain
aluminum antenna and an anodized one... "you need the anodized one to
receive color TV" ;-)

...Jim Thompson
--
| James E.Thompson | mens |
| Analog Innovations | et |
| Analog/Mixed-Signal ASIC's and Discrete Systems | manus |
| San Tan Valley, AZ 85142 Skype: skypeanalog | |
| Voice:(480)460-2350 Fax: Available upon request | Brass Rat |
| E-mail Icon at http://www.analog-innovations.com | 1962 |

I love to cook with wine. Sometimes I even put it in the food.
 
Tim Wescott <seemywebsite@myfooter.really> writes:
No one sane goes to a Radio Shack if they actually need help from the
idiot behind the counter.

This didn't used to be the case. Back when I was a kid (er, 70's or
so), my mom used to go to the local RS and just ask the folks "Hi, I'm
DJ's mom. What would he like for christmas?" and end up with a bag full
of just the right parts, kits, and tools. They knew me, and their
inventory, quite well :)
 
On Tuesday, February 3, 2015 at 2:52:36 PM UTC-5, Tim Wescott wrote:
On Wed, 04 Feb 2015 02:41:39 +0800, Mr. Man-wai Chang wrote:

Summary: RadioShack shares have been suspended from trading on the New
York Stock Exchange (NYSE) even as it continues to seek a rescue from
possible bankruptcy.

The NYSE said the US electronics firm had failed to comply with its
listing standards, and that it was "taking action" to delist the shares..

RadioShack has shed about 90% of its market value over the past year as
its financial woes deepened.

The firm will have to shut down all of its stores unless a bidder
emerges.

RadioShack shares have traded below $1 since November and tumbled a
further 13% on Monday to close at $0.24.

The NYSE said it was forced to act because the "company does not intend
to submit a business plan to address its non compliance" with its
listing standards of a $50m (瞿33m) average market over 30 consecutive
days.

The 92-year-old firm has struggled to maintain sales and customer
loyalty in the face of competition from Walmart and online retailers
such as Amazon.

The firm warned last year that it may have to seek Chapter 11 bankruptcy
and its chief executive recently warned it might not be able to find a
long-term plan to stay afloat.

RadioShack first opened in 1921 as a mail-order retailer before
expanding into electronics.

It operates approximately 4,485 stores in the US, which sell everything
from mobile phone accessories to converters.

Source: http://www.bbc.com/news/business-31105767

From:
http://www.cbsnews.com/news/radioshack-sliding-toward-bankruptcy/

"In hopes of remaking its fading brand, the company has started remodeling
more than 200 stores by making them more open and inviting to customers."

Ho ho. Ha ha. Whooooohahahahahahahaha.

No one sane goes to a Radio Shack if they actually need help from the
idiot behind the counter. You go to Radio Shack only if you have a plan
to successfully fend off the idiot behind the counter. The only time that
you find competent help at a Radio Shack is if the store happens to be
close to a college or high school that has a strong technical program, and
then whatever competent help they do inadvertently hire never lasts. (Or
maybe they get hired away -- I dunno).

Yup, I think Spark fun / Adafruit and other online sites now service the hobby market.

George H.
--

Tim Wescott
Wescott Design Services
http://www.wescottdesign.com
 
On 2/3/2015 1:52 PM, Tim Wescott wrote:
On Wed, 04 Feb 2015 02:41:39 +0800, Mr. Man-wai Chang wrote:

Summary: RadioShack shares have been suspended from trading on the New
York Stock Exchange (NYSE) even as it continues to seek a rescue from
possible bankruptcy.

The NYSE said the US electronics firm had failed to comply with its
listing standards, and that it was "taking action" to delist the shares.

RadioShack has shed about 90% of its market value over the past year as
its financial woes deepened.

The firm will have to shut down all of its stores unless a bidder
emerges.

Last I read, Sprint is interested in 1,700 to 2,000 of there stores
and may take over the leases. Also Amazon is looking at there stores
as drop? points.
Hmm, I just went to my Yahoo stock page to look up RSH and it is not
there, it was there Monday, with all the details and stories.
Mikek


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[snip]

Here ya go...

<http://tinyurl.com/mrxt9wv>

...Jim Thompson
--
| James E.Thompson | mens |
| Analog Innovations | et |
| Analog/Mixed-Signal ASIC's and Discrete Systems | manus |
| San Tan Valley, AZ 85142 Skype: skypeanalog | |
| Voice:(480)460-2350 Fax: Available upon request | Brass Rat |
| E-mail Icon at http://www.analog-innovations.com | 1962 |

I love to cook with wine. Sometimes I even put it in the food.
 
On Tuesday, February 3, 2015 at 1:41:39 PM UTC-5, Mr. Man-wai Chang wrote:
Summary: RadioShack shares have been suspended from trading on the New
York Stock Exchange (NYSE) even as it continues to seek a rescue from
possible bankruptcy.

The NYSE said the US electronics firm had failed to comply with its
listing standards, and that it was "taking action" to delist the shares.

RadioShack has shed about 90% of its market value over the past year as
its financial woes deepened.

The firm will have to shut down all of its stores unless a bidder emerges..

RadioShack shares have traded below $1 since November and tumbled a
further 13% on Monday to close at $0.24.

The NYSE said it was forced to act because the "company does not intend
to submit a business plan to address its non compliance" with its
listing standards of a $50m (瞿33m) average market over 30 consecutive days.

The 92-year-old firm has struggled to maintain sales and customer
loyalty in the face of competition from Walmart and online retailers
such as Amazon.

The firm warned last year that it may have to seek Chapter 11 bankruptcy
and its chief executive recently warned it might not be able to find a
long-term plan to stay afloat.

RadioShack first opened in 1921 as a mail-order retailer before
expanding into electronics.

It operates approximately 4,485 stores in the US, which sell everything
from mobile phone accessories to converters.

Source: http://www.bbc.com/news/business-31105767

--
@~@ Remain silent. Nothing from soldiers and magicians is real!
/ v \ Simplicity is Beauty! May the Force and farces be with you!
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^ ^ 02:39:02 up 5 days 22:11 0 users load average: 0.00 0.01 0.05
不借貸! 不詐騙! 不援交! 不打交! 不打劫! 不自殺! 請考慮綜援 (CSSA):
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Too bad they don't remake themselves as RoboShack. I think they're missing a big market. Lotsa of experimenters these days. I hate buying on-line and waiting or not being able to see and hold what I'm buying.
 
On Wed, 04 Feb 2015 05:40:23 -0800, George Herold wrote:

On Tuesday, February 3, 2015 at 2:52:36 PM UTC-5, Tim Wescott wrote:
On Wed, 04 Feb 2015 02:41:39 +0800, Mr. Man-wai Chang wrote:

Summary: RadioShack shares have been suspended from trading on the
New York Stock Exchange (NYSE) even as it continues to seek a rescue
from possible bankruptcy.

The NYSE said the US electronics firm had failed to comply with its
listing standards, and that it was "taking action" to delist the
shares.

RadioShack has shed about 90% of its market value over the past year
as its financial woes deepened.

The firm will have to shut down all of its stores unless a bidder
emerges.

RadioShack shares have traded below $1 since November and tumbled a
further 13% on Monday to close at $0.24.

The NYSE said it was forced to act because the "company does not
intend to submit a business plan to address its non compliance" with
its listing standards of a $50m (瞿33m) average market over 30
consecutive days.

The 92-year-old firm has struggled to maintain sales and customer
loyalty in the face of competition from Walmart and online retailers
such as Amazon.

The firm warned last year that it may have to seek Chapter 11
bankruptcy and its chief executive recently warned it might not be
able to find a long-term plan to stay afloat.

RadioShack first opened in 1921 as a mail-order retailer before
expanding into electronics.

It operates approximately 4,485 stores in the US, which sell
everything from mobile phone accessories to converters.

Source: http://www.bbc.com/news/business-31105767

From:
http://www.cbsnews.com/news/radioshack-sliding-toward-bankruptcy/

"In hopes of remaking its fading brand, the company has started
remodeling more than 200 stores by making them more open and inviting
to customers."

Ho ho. Ha ha. Whooooohahahahahahahaha.

No one sane goes to a Radio Shack if they actually need help from the
idiot behind the counter. You go to Radio Shack only if you have a
plan to successfully fend off the idiot behind the counter. The only
time that you find competent help at a Radio Shack is if the store
happens to be close to a college or high school that has a strong
technical program, and then whatever competent help they do
inadvertently hire never lasts. (Or maybe they get hired away -- I
dunno).

Yup, I think Spark fun / Adafruit and other online sites now service
the hobby market.

Not to mention DigiKey.

--

Tim Wescott
Wescott Design Services
http://www.wescottdesign.com
 
"Jim Thompson" <To-Email-Use-The-Envelope-Icon@On-My-Web-Site.com> wrote in
message news:eek:if2da98qo075rsnllvnp13tgn6njv69qv@4ax.com...
On Tue, 03 Feb 2015 13:52:33 -0600, Tim Wescott
seemywebsite@myfooter.really> wrote:

On Wed, 04 Feb 2015 02:41:39 +0800, Mr. Man-wai Chang wrote:

Summary: RadioShack shares have been suspended from trading on the New
York Stock Exchange (NYSE) even as it continues to seek a rescue from
possible bankruptcy.

The NYSE said the US electronics firm had failed to comply with its
listing standards, and that it was "taking action" to delist the shares.

RadioShack has shed about 90% of its market value over the past year as
its financial woes deepened.

The firm will have to shut down all of its stores unless a bidder
emerges.

RadioShack shares have traded below $1 since November and tumbled a
further 13% on Monday to close at $0.24.

The NYSE said it was forced to act because the "company does not intend
to submit a business plan to address its non compliance" with its
listing standards of a $50m (?33m) average market over 30 consecutive
days.

The 92-year-old firm has struggled to maintain sales and customer
loyalty in the face of competition from Walmart and online retailers
such as Amazon.

The firm warned last year that it may have to seek Chapter 11 bankruptcy
and its chief executive recently warned it might not be able to find a
long-term plan to stay afloat.

RadioShack first opened in 1921 as a mail-order retailer before
expanding into electronics.

It operates approximately 4,485 stores in the US, which sell everything
from mobile phone accessories to converters.

Source: http://www.bbc.com/news/business-31105767

From:
http://www.cbsnews.com/news/radioshack-sliding-toward-bankruptcy/

"In hopes of remaking its fading brand, the company has started remodeling
more than 200 stores by making them more open and inviting to customers."

Ho ho. Ha ha. Whooooohahahahahahahaha.

No one sane goes to a Radio Shack if they actually need help from the
idiot behind the counter. You go to Radio Shack only if you have a plan
to successfully fend off the idiot behind the counter. The only time that
you find competent help at a Radio Shack is if the store happens to be
close to a college or high school that has a strong technical program, and
then whatever competent help they do inadvertently hire never lasts. (Or
maybe they get hired away -- I dunno).

RadioShack _used_ to be a source for at least some common electronics
parts. As of late, they're mostly cellphone shills and low end "home
theater". So, instead of running to the corner for some resistors, I
just DigiKey.

Too bad, so sad, but now they deserve to collapse.

(Though I do have some fond memories... like the time a RadioShack
employee tried to tell me there was a difference between a plain
aluminum antenna and an anodized one... "you need the anodized one to
receive color TV" ;-)

And if you apply some grease (vasoline or similar) to the antenna elements,
it will be more efficient. I think it's called frequency grease.


...Jim Thompson
--
| James E.Thompson | mens |
| Analog Innovations | et |
| Analog/Mixed-Signal ASIC's and Discrete Systems | manus |
| San Tan Valley, AZ 85142 Skype: skypeanalog | |
| Voice:(480)460-2350 Fax: Available upon request | Brass Rat |
| E-mail Icon at http://www.analog-innovations.com | 1962 |

I love to cook with wine. Sometimes I even put it in the food.


--- news://freenews.netfront.net/ - complaints: news@netfront.net ---
 
On 5/2/15 8:00 AM, sdeyoreo@hotmail.com wrote:
> Too bad they don't remake themselves as RoboShack. I think they're missing a big market. Lotsa of experimenters these days. I hate buying on-line and waiting or not being able to see and hold what I'm buying.

In addition, RadioShack could just live on as an online shop under the
big umbrella of Amazon. It does NOT have to run a standalone online
shop. Learning to partner could be an easy way out.
 
On Thu, 5 Feb 2015, Mr. Man-wai Chang wrote:

On 5/2/15 8:00 AM, sdeyoreo@hotmail.com wrote:
Too bad they don't remake themselves as RoboShack. I think they're missing
a big market. Lotsa of experimenters these days. I hate buying on-line and
waiting or not being able to see and hold what I'm buying.

In addition, RadioShack could just live on as an online shop under the big
umbrella of Amazon. It does NOT have to run a standalone online shop.
Learning to partner could be an easy way out.
I don't think people really understand Radio Shack, they see it as some
parts emporium, and think that's where the chain went wrong.

I first heard of Radio Shack in 1971 when I found the hobby electronic
magazines, and they came to Canada that year or the next, I know I saw a
Radio Shack in 1972. Maybe that skews it, but there was never a wide
variety of parts, and they were expensive. Of course, I knew about the
local parts stores in 1971, so I had that reality to compare Radio Shack
with.

ONce Tandy bought Radio Shack and started expanding, it had to be more
than a parts store. What did happen is that the other things Radio Shack
sold kept things going, so the parts could be carried too.

I remmeber plenty of articles that specified Radio Shack parts (and
Elementary Electronics seemed to have a very close relationship with Radio
Shack), but that limited what the projects could be, and they were usually
simple projects. Radio Shack did carry some very cutting edge parts at
times, but I'm not sure they had all the needed parts to go with them.
And they'd order for the next year, and if the parts ran out, that was
likely it. Or more likely, they were bumped from the catalog the next
year, and those exotic parts were cleared out at clearance prices, which
then made the parts more in line with elsewhere. So the time when
building satellite receivers was kind of trendy, Radio Shack
sold ceramic filters and some ICs to build them, but I dont' think they
had everything needed. At one point, I seem to recall one could get the
8080 CPU from Radio Shack, maybe the needed clock generator, and maybe
some RAM, but I don't think it was everything you needed, and it was a
premium price.

No, at best Radio Shack was a "niche", but they covered different niches.
More important, it got electronics out of some basement shop that catered
to insider hobbyists. As it expaned in the late sixties or early
seventies, there wasn't much competition. Lafayette and Olson never
expanded as much. There were hifi stores, but they tended to be higher
end, and realtively small local stores. Otherwise, you'd often buy
electronic equipment in the electronic department of your local department
store.

So if you needed that police band radio, or a shortwave receiver, and
didn't identify as a radio hobbyist, you could go to a more accessible
place near your home, and try that stuff out. Radio Shack probably was
the most accessible place to buy a shortwave radio over the decades; the
alternative was mail order or some specialized out of the way store.
that's fine for the hobbyist, but there are other people who might want to
listen for the contents, and Radio Shack filled that need. Same with CB
sets.

And that is another key to Radio Shack's place in things. Circa 1971, the
average home had little electronics. A tv set or two, some radios, a
record player or maybe even a stereo. Unless someone was a hobbyist in
some way, there wasn't much for the home. It was too expensive or too
big, or not yet invented.

But within five years, there were pocket calculators, digital watches,
digital clocks, even computers. A lot of things became viable because of
the IC, and then a bit later more viable because of the microprocessor.
And Radio Shack was there to sell that stuff to the public. They didn't
tend to sell expensive first iteration items, they waited a bit and then
sold at a more viable price to a wider audience. A lot of things changed
between 1971 and 1981, either making things better through digital
electronics, or completely new things.

You'd get your catalog and had a good idea what you wanted before you
entered the store. Radio Shack carried branded items, which made what
they sold different from elsewhere, even if you could sometimes tell was
actually manufacturing it. And while the regular prices were probably
about average, you knew many items would be on sale in the flyers, and
then the prices were great (and apparently still profit making, since the
same items would keep going on sale).

Radio Shack started selling computers, and probably that made computers
very accessible to Somewhere, USA. You could get that metal detector, or
that sampling musical keyboard, or that clunky first generation cellphone,
it didn't matter where you were. Radio Shack was a familiar place,
and the catalog made it friendlier (you could read up before meeting the
clerks), so you probably did go there for more things that could be
increasingly had elsewhere.

I very rarely bought parts, except for power transformers which seemed to
be about the same price as elsewhere. Only if I got stuck, or it was a
clearance or sale, did I buy parts there.

But I bought the tools, the catalog showed me and i could pull it off the
pegboard myself, when the old style parts stores, you'd have to describe
what you wanted before they could pull out something along those lines.
And I bought computers, and audio equipment. It's probably the one store
that got a lot of my money.

Radio Shack was only a viable parts store because of all the other stuff
it sold. I remember when there were endless stores downtown here, they
weren't selling parts to keep going, one would have been enough, and
besides there were better local places for parts. But since they were a
viable business, the parts remained.

So all this talk about how it needs to reorient itself to its "core
business" is silly. It wasn't viable as a parts store for a long time.

But it did lose its way when it stopped selling housebrands and competed
with everyone else. On the other hand, without the housebrands, it had
alot less reason to have a catalog.

And there has been competition for the stereos and computers and other
electronics for a couple of decades, at least. There may have been
nothing Radio Shack could do, maybe it's just it's time to fade so other
chains can thrive. OLson and Lafayette disappeared a long time ago,
nobody fussed that much about it.

The hobbyist origins may even be a liablity. I keep reading stories about
hwo Radio Shack lost its way, when the parts haven't been a major thing in
a very long time, and were only viable because the chain could sell other
things to Mr. and Mrs. Mainstream. If the article writers think "parts"
when they think of Radio Shack, then that may also be the imagery of the
general public, and that means even fewer customers.

Michael
 
DJ Delorie <dj@delorie.com> wrote:
Tim Wescott <seemywebsite@myfooter.really> writes:
No one sane goes to a Radio Shack if they actually need help from the
idiot behind the counter.

This didn't used to be the case. Back when I was a kid (er, 70's or
so), my mom used to go to the local RS and just ask the folks "Hi, I'm
DJ's mom. What would he like for christmas?" and end up with a bag full
of just the right parts, kits, and tools. They knew me, and their
inventory, quite well :)

I recall an employee at RS that was very suspicious of a project I was
working on because I requested to take apart a DTMF phone dialer in the
store to see if the insides were the same as an older larger model they
just discontinued.

He was apparently an engineer from Motorola that was cut as they started
to circle the drain.

He did agree to open the dialer up to see if my new crystal would fit and
I was on my way.

That's one of my fond memories of radio shack, but there haven't been any
of those in recent times other than seeing a DL1/3N lithium cell for $15
at the one by work. Really- $15 for one.
 
"I recall an employee at RS that was very suspicious of a project I was
working on because I requested to take apart a DTMF phone dialer in the
store to see if the insides were the same as an older larger model they
just discontinued. "

Hell, today they would probably call Homeland Security.

A few years ago I was "talking" with a PC help guy and when he found out I had XP SP2 not SP3 he said it looks like I was trying to do something illegal. Now what the hell can you do that is illegal with SP2 but not SP3. Tell you what, My XP box is running fine with SP2 and it is NEVER getting SP3 now. I'll get my own AV progerams thank you, take your "essentials" and stick them where they are sure not to get a sunburn.
 

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