Bankrupt Circuit City owes Hewlett-Packard $118 mln: report - GoFuckYourself.com

Barefootsies · 11-10-2008, 03:04 PM

SAN FRANCISCO (MarketWatch) -- Circuit City Stores Inc.

owes Hewlett-Packard Co. more than $118 million, The Wall Street Journal reported on its Web site Monday, citing court papers filed in Circuit City's Chapter 11 bankruptcy filing. The newspaper also said that Circuit City owes nearly $116 million to Samsung Electronics Co. and $60 million to Sony Corp.

http://www.marketwatch.com/news/story/bankrupt-circuit-city-owes-hewlett-packard/story.aspx?guid={682E3C86-1834-4CE0-AFFB-9E9216D27ABD}&dist=msr_7

Fucking ouch!

Fletch XXX · 11-10-2008, 03:04 PM

relax american tax payer will handle this debt, no worries

DWB · 11-10-2008, 03:11 PM

CNN says they are going to get Government help.

2012 · 11-10-2008, 03:14 PM

there goes Christmas

The Adult Broker · 11-10-2008, 03:16 PM

Crazy.....

TampaToker · 11-10-2008, 03:19 PM

lol no wonder they selling the Samsung 52 " plasma's tv for $999

Phoenix · 11-10-2008, 03:20 PM

wow..that is soem serious money owed...how the hell do companies get into such shit

farkedup · 11-10-2008, 03:33 PM

Quote:

Originally Posted by Phoenix

wow..that is soem serious money owed...how the hell do companies get into such shit

well, for a while they start out small... like $1M and over time credit builds up and companies like HP want the sales a big store like CC provides so they just keep upping the "credit"

Barefootsies · 11-10-2008, 05:24 PM

Quote:

Originally Posted by TampaToker

lol no wonder they selling the Samsung 52 " plasma's tv for $999

Ron Bennett · 11-10-2008, 05:29 PM

The more owes, the more one can borrow - crazy, but true.

And that's true even for individuals - ie. a person with little to no debt, often regardless of assets, will often face a struggle to get even one decent credit card... while the person with several credit cards, again regardless of assets (they could own nothing), carrying balances can most often get more credit cards to borrow even more.

Ron

Adam X · 11-10-2008, 05:30 PM

Brutal... I bet Best Buy gets their stores.. that was always a cool store but a little pricy.. the high prices didn't seem to pan out I guess.

AlienQ - BANNED FOR LIFE · 11-10-2008, 05:32 PM

I think the situation proves that people are not buying electronics so much as the failed so called college educated dipshit accountants and merchants thought over at Circuit City.

Anyone with a real Education knew that Merchant companies like Circuit City and a number those typical mini mall merchants were heading for disaster.

These executive clowns that chalk down losses by the millions need to just get a tin cup and walk the streets. How they got the jobs they got only one could wonder.

11-10-2008, 05:32 PM

BAILOUT! So let's figure this out... The banking system needs a bailout, the car industry needs a bailout...who else wants a piece of the pie? =)

halfpint · 11-10-2008, 05:42 PM

Quote:

Originally Posted by sherm

BAILOUT! So let's figure this out... The banking system needs a bailout, the car industry needs a bailout...who else wants a piece of the pie? =)

The adult industry needs a bail out, We should lobby our politicians worldwide and ask for a bail out

PornMogul · 11-10-2008, 06:04 PM

Quote:

Originally Posted by Fletch XXX

relax american tax payer will handle this debt, no worries

EXACTLY!

F-U-Jimmy · 11-10-2008, 06:33 PM

Quote:

Originally Posted by sherm

BAILOUT! So let's figure this out... The banking system needs a bailout, the car industry needs a bailout...who else wants a piece of the pie? =)

Ill take a billion or two if its on offer

dav3 · 11-10-2008, 07:13 PM

I need a bailout to buy a summer home on an island somewhere.

AlienQ - BANNED FOR LIFE · 11-10-2008, 07:32 PM

Quote:

Originally Posted by halfpint

The adult industry needs a bail out, We should lobby our politicians worldwide and ask for a bail out

EHeh thats actually a good idea.

Yngwie · 11-10-2008, 07:42 PM

Quote:

Originally Posted by sherm

BAILOUT! So let's figure this out... The banking system needs a bailout, the car industry needs a bailout...who else wants a piece of the pie? =)

I do! They can just give me $10 000 000 and that'll do. ;)

Manowar · 11-10-2008, 07:46 PM

Quote:

Originally Posted by Fletch XXX

relax american tax payer will handle this debt, no worries

i dont know whether to laugh or cry

tony286 · 11-10-2008, 07:50 PM

check out this shit
http://www.washingtonpost.com/wp-dyn...l?hpid=topnews

notime · 11-11-2008, 11:05 AM

this will happen a lot more the coming 2 years I am afraid.
Stores cannot compete with the internet sites

11-10-2008, 03:04 PM	#1
Barefootsies Choice is an Illusion Industry Role: Join Date: Feb 2005 Location: Land of Obama Posts: 42,635	Bankrupt Circuit City owes Hewlett-Packard $118 mln: report SAN FRANCISCO (MarketWatch) -- Circuit City Stores Inc. owes Hewlett-Packard Co. more than $118 million, The Wall Street Journal reported on its Web site Monday, citing court papers filed in Circuit City's Chapter 11 bankruptcy filing. The newspaper also said that Circuit City owes nearly $116 million to Samsung Electronics Co. and $60 million to Sony Corp. http://www.marketwatch.com/news/story/bankrupt-circuit-city-owes-hewlett-packard/story.aspx?guid={682E3C86-1834-4CE0-AFFB-9E9216D27ABD}&dist=msr_7 Fucking ouch! __________________ Should You Email Your Members? Link1 \| Link2 \| Link3 Enough Said. "Would you rather live like a king for a year or like a prince forever?"

11-10-2008, 03:04 PM	#2
Fletch XXX GFY HALL OF FAME DAMMIT!!! Join Date: Jan 2002 Location: that 504 Posts: 60,840	relax american tax payer will handle this debt, no worries __________________ Want an Android App for your tube, membership, or free site? Need banners or promo material? Hit us up (ICQ Fletch: 148841377) or email me fletchxxx at gmail.com - recent work - About me

11-10-2008, 03:14 PM	#4
2012 So Fucking What Industry Role: Join Date: Jul 2006 Posts: 17,189	there goes Christmas __________________ best host: Webair \| best sponsor: Kink \| best coder: 688218966 \| Go Fuck Yourself

11-10-2008, 03:20 PM	#7
Phoenix BACON BACON BACON Industry Role: Join Date: Nov 2002 Location: Poems everybody, the laddie fancies himself a poet Posts: 35,457	wow..that is soem serious money owed...how the hell do companies get into such shit __________________ Skype Phoenixskype1 Telegram PhoenixBrad https://quantads.io

11-10-2008, 05:29 PM	#10
Ron Bennett Confirmed User Join Date: Oct 2003 Posts: 1,653	The more owes, the more one can borrow - crazy, but true. And that's true even for individuals - ie. a person with little to no debt, often regardless of assets, will often face a struggle to get even one decent credit card... while the person with several credit cards, again regardless of assets (they could own nothing), carrying balances can most often get more credit cards to borrow even more. Ron __________________ Domagon - Website Management and Domain Name Sales

11-10-2008, 03:11 PM	#3
DWB Registered User Industry Role: Join Date: Jul 2003 Location: Encrypted. Access denied. Posts: 31,779	CNN says they are going to get Government help.

11-10-2008, 03:16 PM	#5
The Adult Broker Confirmed User Join Date: Dec 2004 Location: The World Posts: 5,265	Crazy.....

11-10-2008, 03:19 PM	#6
TampaToker Confirmed User Join Date: May 2006 Location: Tampa Posts: 5,827	lol no wonder they selling the Samsung 52 " plasma's tv for $999

11-10-2008, 05:30 PM	#11
Adam X Now Giving 1 Fuck Daily Industry Role: Join Date: Apr 2002 Location: California Posts: 2,493	Brutal... I bet Best Buy gets their stores.. that was always a cool store but a little pricy.. the high prices didn't seem to pan out I guess. __________________ Cronfund - Buy CRON now and earn 4% plus coin value. The best of DEFI!

11-10-2008, 05:32 PM	#12
AlienQ - BANNED FOR LIFE best designer on GFY Join Date: Mar 2003 Location: IALIEN.COM - High Definition Video and Photographic Productions -ICQ 78943384 Posts: 30,307	I think the situation proves that people are not buying electronics so much as the failed so called college educated dipshit accountants and merchants thought over at Circuit City. Anyone with a real Education knew that Merchant companies like Circuit City and a number those typical mini mall merchants were heading for disaster. These executive clowns that chalk down losses by the millions need to just get a tin cup and walk the streets. How they got the jobs they got only one could wonder. __________________ NAKED HOSTING FTW!11 I'm On The INSANE PLAN $9.95/mo! \| The Alien Blog Adult News Worth Reading Updated Daily \| Content For Sale! 641 PICS 216 MINUTES OF VIDEO $350.00 \|ICQ: 78943384 \|

11-10-2008, 05:32 PM	#13
shermo Guest Posts: n/a	BAILOUT! So let's figure this out... The banking system needs a bailout, the car industry needs a bailout...who else wants a piece of the pie? =)

11-10-2008, 07:13 PM	#17
dav3 Confirmed User Industry Role: Join Date: May 2007 Posts: 7,348	I need a bailout to buy a summer home on an island somewhere. __________________ Webmasters :: Juicy Ads :: ACWM :: Crak Revenue :: Money Tree

11-10-2008, 07:50 PM	#21
tony286 lurker Industry Role: Join Date: Aug 2002 Location: atlanta Posts: 57,021	check out this shit http://www.washingtonpost.com/wp-dyn...l?hpid=topnews

11-11-2008, 11:05 AM	#22
notime Confirmed User Industry Role: Join Date: Jun 2003 Location: cyberspace Posts: 8,021	this will happen a lot more the coming 2 years I am afraid. Stores cannot compete with the internet sites