Thursday, August 28, 2003

Hope Lifts Shares of Best Buy, RadioShack: "Shares of RadioShack, the No. 3 U.S. consumer electronics retailer and also the nation's top seller of cellular phones, surged more than 3 percent to a new 12-month high on the New York Stock Exchange."

[...]

William Baldwin, an analyst at Baldwin Anthony Securities said RadioShack had been "pretty optimistic about back to school, and a lot of people are now looking forward to an even much better holiday season."

"When it announced its second-quarter results on July 22, RadioShack had forecast a 'more pronounced' decline in home entertainment, wired communications, and radio communications products through the remainder of this year."

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