Fry's buys egghead.com

[IW]

This morning's (San Jose) Mercury-News reports that Fry's Electronics is buying egghead.com and will continue to operate it.

Egghead's stock has dropped form $108 in 1998 to 3 cents yesterday. The article comments on how smart Fry's was to let others take the hit and to be able to buy for pennies on the dollar.
http://www.siliconvalley.com/docs/news/depth/frys081601.htm

[thekingofpain]

I thought I saw the deal got nixed?---id hate to see Frys involved---newegg has been very very good to me---Frys has givin me considerable aggravation at times...

[IW]

The deal that was nixed was for Cyberian Outpost. A competitor.

I never kept track. Is newegg.com related to egghead.com and if so how? I seem to read into your comment that newegg.com is egghead. I assumed it was a competitor...???

Yeah, I've had some bad experiences with Fry's. Once bought a vacuum cleaner at a very good price, supposedly new. When I got it home the dustbag was full of dirt and it had obviously been used. It'd not be so bad if they would move the return/exchange line a bit better. Too many people standing around not doing anything but talking.

They did refund money for me several times when I bought the machine I'm now using from them as a BYO and I probably, from all the pieces I bought, got $200 in price reductions during the ensuing 30 days. But had to stand in those blasted lines!

[This message has been edited by IW (edited 08-16-2001).]