It's bad enough that GameStop's
Now even GameStop's bread-and-butter business of buying back used games for a pittance and selling them again at healthy markups is threatened. Best Buy
It's also raising the stakes, offering $20 in Best Buy gift cards on more than 100 popular titles beginning Sunday. Several offline and online retailers have threatened to invade GameStop's high-margin turf, but Best Buy is finally making an aggressive push.
Look at the bright side, GameStop. A new Halo game is coming soon.
Briefly in the news
And now let's take a quick look at some of the other stories that shaped our week.
(Nasdaq: YHOO)completed the outsourcing transition by handing over its organic search to Microsoft's (Nasdaq: MSFT)Bing. Somewhere out there, a Yahoo! yodel fades into the mountainside.
(Nasdaq: PSUN)isn't any closer to a turnaround, posting a wider operating loss in its latest quarter. Comps fell 10%, which is very problematic when one considers that PacSun's comps fell 24% during the same quarter a year earlier.
- Deutsche Bank downgraded shares of Baidu
(Nasdaq: BIDU), fearing that the stock's capital appreciation is limited in the near term. It's easy to be skeptical on the call, since Wall Street has typically underestimated Baidu's earnings power.
(NYSE: TSL)posted better than expected quarterly results, once again validating the attractiveness of the solar energy industry.
Until next week, I remain,
Best Buy and Microsoft are Motley Fool Inside Value choices. Baidu is a Motley Fool Rule Breakers recommendation. Motley Fool Options has recommended writing covered calls on GameStop, a bull call spread position on Best Buy, and a diagonal call position on Microsoft. The Fool owns shares of Best Buy, which is also a Motley Fool Stock Advisor pick. Try any of our Foolish newsletters today, free for 30 days.
Longtime Fool contributor Rick Munarriz recommends windshield wiper fluid when trying to look back. He does not own shares in any of the stocks in this story. He is also part of the Rule Breakers newsletter research team, seeking out tomorrow's ultimate growth stocks a day early. The Fool has a disclosure policy.