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What: Shares of embattled electronics retailer RadioShack
So what: RadioShack also said it will end sales of T-Mobile products, essentially swapping a small and weak partner for a big and strong one. "We are working diligently to position RadioShack for future growth in the wireless space and our new relationship with Verizon Wireless, the nation's largest wireless provider, is an integral piece of that program," RadioShack CEO Jim Gooch said.
Now what: I'd continue to be cautious about the stock. While the Verizon deal is certainly a big win for RadioShack, the company also announced a second-quarter profit drop of 53% as fierce competition from the likes of Amazon.com
Interested in more info on RadioShack? Add it to your watchlist.
Fool contributor Brian Pacampara owns no position in any of the companies mentioned. Motley Fool newsletter services have recommended buying shares of Amazon and Best Buy. The Fool owns shares of Best Buy.Try any of our Foolish newsletter services free for 30 days.