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Best Buy (BBY) was the big winner in this year's fourth quarter. It took the lion's share of consumer electronics sales after competitors Circuit City and CompUSA shut down earlier in the year.

No doubt, there was enhanced competition from mega-retailer Wal-Mart (WMT) and online behemoth Amazon.com (AMZN). But Best Buy managed to nip at customer heels with deep discounts on flat-panel televisions and laptop PCs that just weren't seen at the competition (yes, I looked). Laptops for $299 and 32" flat-panel TVs for $249 are probably loss leaders by a big margin -- but those prices make a dent on consumer psychology.

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Best Buy Outpaces Rivals in Electronics Sales originally appeared on BloggingStocks on Mon, 28 Dec 2009 10:30:00 EST. Please see our terms for use of feeds.

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Newegg, which is an electronics e-commerce site, got its start back in 2001, when the dot-com industry turned into a dot-bomb disaster. But the timing was brilliant as the company built a thriving business.

In fact, Newegg thinks the timing is also right for an IPO, which the company filed for this week.

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Newegg wants to hatch an IPO originally appeared on BloggingStocks on Tue, 29 Sep 2009 13:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>BACBank of AmericaCitigroupinthenewsIPOJPMJPMorganNeweggTue, 29 Sep 2009 13:00:00 EST