Circuit City's Collapse Costs Japan's Sony, Toshiba, Panasonic

Posted by: Kenji Hall on November 11, 2008

It’s no secret that Japan’s tech companies are bracing for a tough yearend holiday shopping period. Circuit City’s collapse just added to their misery. Sony Computer Entertainment, Sony’s video game unit, Toshiba America Business Solutions, Olympus, Nikon, Panasonic, Mitsubishi Digital Electronics and Sharp are among Circuit City’s 50 biggest suppliers to which it owes about $650 million (the retailer reported $3.4 billion in assets and $2.32 billion in liabilities). The amounts aren’t huge but they don’t exactly help at a time when all signs point to what’s likely to be a drop in consumer spending this holiday season.

None of the Japanese companies contacted would comment directly about the figures in Circuit City’s filing to the U.S. Bankruptcy Court for the Eastern District of Virginia.

Following are the Japanese tech companies with outstanding claims:

Creditor Name Amount of Claim

Sony Computer $60,009,803
Entertainment

Toshiba America Business $17,919,395
Solutions Inc.

Olympus Corporation $15,095,651

Nikon Inc. $14,926,445

Panasonic Company $13,283,022
National Acct.

Mitsubishi Digital $12,883,892
Electronics

Sharp Electronics Corp. $7,054,093

Fuji Photo Film USA $4,874,187

Onkyo USA $4,266,989

Pioneer Electronics $2,298,164

Reader Comments

Bob James

November 15, 2008 10:02 AM

Sad to hear, but Circuit City is a poorly managed company; customer service in their stores has been weak for years, compared with their competitors...just my observation over the years.

Karen

November 19, 2008 2:02 PM

I am glad Circuit city is closing down. I hated the people there working because they are bunch of lazy and don't even know how to sell a product. Bunch of uneducated teenagers. Maybe this will teach them a lesson. Yeah right are young future hopefuls ha ha what a joke. I never though of it like that in first place.

Used Refurbished Laptops

April 6, 2009 10:48 AM

I must say its really light and well constructed. I'll give it a run for a few days before I write a thorough review. However there are a few initial points that I thought that I should point out.

1- I'm not very happy with the screen. I dont know if this is standard for XGA 14.1 screens, but I thought the CONTRAST would be much better. There are no BLACKS what so ever, just dark greys. I've been working on a "Samsung Syncmaster LCD 151P Porsche" for the past 2.5 years, and there is a MAJOR difference in clarity and contrast. Although its OK..I just dont think this is a good screen for a TOP OF the Line TECRA laptop. Too bad.

2- When on AC, and on FULL POWER mode, the fan gets VERY VERY noisy. Its laughable, more like the FX 5800 fiasco if anyone remembers. And it gets BURNING hot, you simply CANT put it on your lap. It will LITERALLY BURN you in 10-15 minutes. You will also lose your manhood...cuz there are vents on the front too...

3- Contrary to what other guys here felt concerning the touchpad buttons, I dont find them that annoying, though they are not GOOD by any means, just a little different. Any EL CHEAPO HP has better buttons.

4- I ordered a Geforce 6600 128MB, however I cant find any relevant information about it on the lappy. It always says: Geforce 6200 64MB/Geforce 6600 128MB EVERYWHERE!! In Dxdiag, in Device Manager, in Display Properties, in 3DMark system properties, but they ALL say the video memory is 128MB. What really is freaking me out that I got in 3Dmark 2001SE ONLY ~5000 points...what the f!@#..........I havent tried 3Dmark2003 or 2005. Where do u think the trouble is? AA and AF are off, I'm on AC and in full power??!! Could it be divers? How can I download latest drivers. Toshiba has NONE, and Nvidia says to get all ther Geforce GO drivers from Toshiba!?

I'll post some pics, and a thorough review will follow.

P.S. I paid around $1700 for my config, which is quiet reasonable, but there are guys who are going up with their specs all the way to ~2300, there's even someone who just reviewed the M3 who paid ~$3500. Thats a LOT of money to pay to get THIS WASHED OUT SCREEN, NOISY FAN and POOR TOUCHPAD BUTTONS
IMO The TECRA line should be a little MORE REFINED!!

Post a comment

 

About

Bloomberg Businessweek’s team of Asia reporters brings you the latest insights on business, politics, technology and culture from some of the world’s biggest and fastest-growing economies.

BW Mall - Sponsored Links

Buy a link now!