Harvey Electronics and CoolAudio.com Propose Merger
Last August, we <A HREF="http://www.stereophile.com/news/10515/">reported</A> that brick-and-mortar retailer Tweeter Home Entertainment Group had aligned itself with online retailer Cyberian Outpost to leverage each company's respective strengths, both on- and offline. The trend continues as, last week, brick-and-mortar retailer <A HREF="http://www.harveyonline.com">Harvey Electronics</A> announced that it has reached an "agreement in principle" with <A HREF="http://www.coolaudio.com">CoolAudio.com</A> (see <A HREF="http://www.stereophile.com/news/10479/">previous story</A>) to merge the two companies through an exchange of common stock.