morningnews.com
We're prepared to do anything," including closing unsucessful stores, James F. Halpin, president and chief executive of CompUSA, told analysts a month
ago. He also said CompUSA plans to diversify its
product mix by adding sections for smart toys, digital
cameras and wireless phones.
Meanwhile, speculation has persisted that CompUSA, with a stock price trading at less than a quarter of its value in early 1998, is a ripe acquisition candidate. Staples Inc., the office-supplies
superstore chain, is the rumored suitor.
Neither company would discuss the speculation
Tuesday, citing policies against discussing market
rumors. Analysts said a deal might make some sense
for both Staples and CompUSA, though it could be
difficult to agree on a price.
I thought we already agreed on $12 bucks a share <VBG> |
