RadioShack
has filed for Chapter 11 bankruptcy protection, which allows it to continue
operating while reorganizing and working out arrangements with creditors. The
chain also announced plans to close over 1700 stores, and to sell many others
to cellphone carrier Sprint.
There had been no indication at press time as to
whether the stores that remain open will continue to operate under the
RadioShack name or whether they will continue to sell electronic components and
other items of interest to do-it-yourselfers, including hams.
