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!

relax american tax payer will handle this debt, no worries

CNN says they are going to get Government help.

there goes Christmas :Oh crap

Crazy.....

lol no wonder they selling the Samsung 52 " plasma's tv for $999 :1orglaugh

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"
:pimp

:1orglaugh:1orglaugh:thumbsup

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

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.

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.

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

:1orglaugh:1orglaugh:1orglaugh EXACTLY!

Ill take a billion or two if its on offer :thumbsup

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

EHeh thats actually a good idea.

:1orglaugh

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

i dont know whether to laugh or cry

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

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