Static Ahead for Electronics Retailers

Best Buy missed earnings forecasts for the most recent quarterand there are more difficulties ahead for electronics stores

Last month, as Thanksgiving approached, an intense price war on flat-panel TVs broke out. Two weeks before the holiday, Wal-Mart's (WMT) newspaper insert for Black Friday, the big shopping day after Thanksgiving, was leaked on the Internet, touting 42-inch flat-panel high-definition TVs for $998 a pop. It was the first time a 42-inch HDTV had crossed below the $1,000 threshold.

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