Best Buy sued over new buyback

  • Article by: DAVID PHELPS , Star Tribune
  • Updated: February 18, 2011 - 8:46 PM

TechForward alleges that Best Buy hired it to help design a buyback program, stole trade secrets and "then cast the company aside."

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rockanatreeFeb. 18, 11 9:10 PM

Better sell your stock quick. Oh wait, it's Friday. By Monday morning it will be toast.

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gussyrFeb. 18, 1110:05 PM

What's a Bieber?

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fbostrongFeb. 18, 1110:19 PM

Looks like Best Buy is starting to do business the Walmart way. Anyone know if they have started opening up the books of their vendors too?

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therabbiFeb. 19, 11 6:03 AM

They'll settle. Or bb will lose. I live in CA and TechForward has had this plan in place as the article said. BB will think they can financially withstand this suit however TechForward has substantial resources behind them. This should be quite entertaining.

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vortex100Feb. 19, 11 6:34 AM

I buy A LOT of stuff from Best Buy, including my washer and drier, all my computers and televisions, and much more. The is heinous behavior on their part, and they know it. This is nothing less than stealing and any company official found complicit in it should face criminal charges. It is hard to glean any details from the short story, but if true TechForward deserves full compensation and then some.

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transplantedFeb. 19, 11 9:30 AM

I, too used BB exclusively for years, for all purchases of electronics, but now I look for alternative places to purchase those things, because in my opinion, and based on my experiences over the past number of years, BB has become a den of inequity and is staffed by incompetent, lying salespeople who misrepresent whatever they have to, in order to sell a given product. One of the greatest retail losses this area has ever seen is the closing of Ultimate Electronics - they were the best competition BB had, and a great place to go for products, service, honesty and advice. BB "service" is non-existent, and there is no honor among thieves. I've grown tired of their "we're not happy 'til you're not happy" attitude, and will never purchase another device there, even if it means going without.

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killermebeFeb. 19, 11 1:54 PM

Best buy has been off my radar screen for years as source of electronics. The blue shirts are really just a bunch of empty suits.

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sharkysharkFeb. 19, 11 4:25 PM

What's a "bieber"?

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ben710Feb. 19, 11 4:34 PM

Those of you disaffected with BB should check out Brandsmart dot com on the web, along with Pricegrabber and of course, e-Bay. BB is still a good place to look at the stuff before you buy online. I believe it was the predecessor company to Best Buy that used to buy and sell previously-owned stuff in the Twin Cities. I went in one day about 35 years ago with a very good pair of no-name speakers, and the sales guy was dubious. "Feel how heavy they are!" I offered. He said people put lead plates in them. Then a more senior staff member walked up and quashed the guy's hustle. It may have been ex-CEO Mr. Schmidt...not sure, but the guy kind of looked like him. We did business. Can't remember what I bought, but it was pretty much a straight-up swap for an old Zenith 19" TV and the speakers. Can't imagine what kind of mysterious trade secrets the California company has. It's just buyin' and sellin.'

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tietacFeb. 19, 11 4:37 PM

Too bad. This could interfere with Best Buy's excellent record of customer service and ethics. Gotta go now, I feel ill.

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