RadioShack Spurns T-Mobile, to Sell Verizon Come September
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Good for Radioshack.
I was a RS manager for 4 years and one of the biggest blunders of the company is having a shouting match with Verizon in 2005 and dropping them for AT&T. RS did such a great job selling people on VZN that it screwed them over in the long run. Where did you think Verizon helped established their customer base? RS shouldnt take full credit for were VZN is now but they definately had a HUGE impact on the company growing and being successful. AT&T did well but not nearly as well as VZN did for them in the long run. Now that the company has both it should help them finacially and help grow their company back to were it was 5 years ago.
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Radio Shack of 10 years ago helped Sprint and VZW. Now that there are carrier stores and private dealers everywhere, the carriers don't need RS or BB like they used to.
I highly doubt RS is going to rebound. They refuse to 'evolve' with the industry, and their stock price is a result of that.
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