The Great Neostar Debate

Contents


Intro

Definition

Merger

Leading
Towards
the End

Chapter 11
Filed

Chapter 11
Progress

Riggio's
Interest

The Auction

Then What?

Where are
they now?

I've got a
Question!

...But No Email
Program!

            Progress was the last word vendors were using to describe Neostar's Chapter 11 filing.. up until October 30th, 1996. The day I like to call "Doomsday" entailed a phone call at about 3pm saying that today was our last day open. In fact, every mall that had duplicate stores (S Etc and Babbage's) had one close down. Supposedly the least profitable store went (which was certainly not the case.. our lease was up around March of '97 but the Babbage's had another 5 years or so). We had the 30th and the 31st to pack up the entire staff and inventory and move it to the Babbage's store. Probably the only amusing part was that our store was about twice the size as the Babbage's. Needless to say, they didn't have to worry about inventory for awhile.

We were quick to remind ourselves that "at least we still had jobs."

We later were quick to add "then again...."