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CompUSA to close all of its 103 stores

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345w ago - The consumer electronics store will run store-closing sales during the holidays to get rid of inventory.

Consumer electronics retailer CompUSA said Friday it will close its stores after the holidays following sale of the company to an affiliate of Gordon Brothers Group, a restructuring firm.

CompUSA operates 103 stores, which plan to run store-closing sales during the holidays.

Privately held CompUSA, controlled by Mexican financier Carlos Slim Helu's Grupo Carso SA, said discussions were under way to sell certain stores in key markets. Stores that can't be sold will be closed.

Gordon Brothers will also try to sell the company's technical services business, CompUSA TechPro, and online business, CompUSA.com.

Terms of the transaction were not disclosed.

Dallas-based CompUSA has struggled for nearly a decade with falling prices on personal computers, its most important product, and competition from big-box retailers such as Best Buy (Charts, Fortune 500).

Helu took the company private in 2000. The chain went through several CEOs and tried different turnaround strategies, such as a move this year to focus on core customers such as gadget users and small-business owners.

CompUSA closed more than half its stores this spring and got a...
 

Lost Planet launches with a budget price

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345w ago - Capcom's big PS3 surprise was a port of the former Xbox 360 exclusive, Lost Planet.

Disappointed PS3 fans expecting more were dismayed by the idea of yet another port, and threw a collective tantrum on the internet. Well, at least Capcom's making a smart move by pricing next year's port at a discount price.

If Capcom's official store is to be believed, the game will launch for only $40 -- that's $20 less than the standard retail price for games.
 

Unreal Tournament III coming to Australia in Feb for PS3

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346w ago - Those wondering when Unreal Tournament III would make it to Australian shores on the PlayStation 3 can breathe a sigh of relief today, with Midway sending out an updated release schedule stating that the PS3 version of Unreal Tournament III would be out in February.

The release schedule did have a little TBC notice beside it, which basically means that the February release date is yet to be confirmed, but it is more than likely that PlayStation 3 gamers will be blasting their way through Unreal Tournament III in February 2008.
 

Future US responds to Texas suit

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346w ago - Publisher Future US recently responded to the very strange charges filed against the company by Texas Attorney General Greg Abbott. AG Abbott claims that Future's website GamesRadar.com doesn't "adequately protect [children's] privacy and safety" and the site "unlawfully collect[s] personal information such as names, ages, and home addresses from children."

If true, this would violate the Children's Online Privacy Protection Act. Future US responded, "This is the first contact we have had from the Texas attorney general on this matter and we are urgently reviewing the complaint"

Shacknews properly notes that registration for their free RadarNation accounts is currently closed ("We're sorry, registration is currently unavailable. Please try again later") so we presume that has something to do with the "urgently reviewing" part of their response.

Texas sues GamesRadar read HERE. Future US responds to Texas suit read HERE.
 

David Jaffe talks about being 'in bed' with Sony

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346w ago - David Jaffe, the mind behind the God of War and Twisted Metal franchise, may not work for Sony any more - but that doesn't mean he's no longer a PS Fanboy. His new games studio, Eat Sleep Play, is working on a PS2 version of Twisted Metal Head-On and will work on three exclusive games for Sony.

In a revealing Q&A with GameDaily, the outspoken game designer said, "I love the PlayStation 3. I love the PSP. I'm a big Sony fan. That doesn't mean that I'm not a 360 fan; I'm a Wii fan, and I love all the systems, but there's something about the PS3. I said it before when I was an employee and I'll say it again now, there's something just really elegant about playing games on that system."

The years of working with Sony has crafted a tight-knit relationship that Jaffe would love to continue. "So right now, we're looking to be in bed with Sony as long as they'll have us. Hopefully we'll make them happy. We'll make Sony proud, they'll like what we do, and they'll have us back time after time ... I mean the people there, they are like a family, I've worked with them for fourteen years; I have no desire to not work with them."

Make sure you read the rest of GameDaily's interview...
 
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