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#1
21-04-2006, 4:18 PM
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RadioShack Q1 profit drops 85% on weak cellphone sales, writedown
(Canadian Press)
Canadian Press - FORT WORTH, Tex. (AP) - RadioShack Corp. (NYSE:RSH) said Friday its first-quarter profit plummeted 85 per cent on dissappointing sales of cellular phones and a writedown of the electronics retailer's assets and inventory. Its shares fell nearly three per cent.
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