Specialized Bicycle Components Costco. The move angered some Specialized dealers. In 1996, Specialized withdrew the Full Force line and Mike Sinyard wrote a letter of apology to dealers. By the end of 1996, Specialized had lost 30% of its bike shop sales and, according to Sinyard, "came within a few hundred dollars of declaring bankruptcy". In 2001, Merida Bikes of Taiwan bought 49% of Specialized for a reported US$30 million. Mike Sinyard remained majority owner and CEO of the company. , Specialized is one of the biggest bicycle brands operating in the United States, alongside Trek Bicycle Corporation and Giant Bicycles. In 2012
Bicycle suspension named "Split Pivot". Trek Bicycle Corporation also released a version of the split pivot design called "Active Braking Pivot" (ABP) in early 2007. Cycles Devinci has released a licensed implementation of the "Split Pivot" design which Dave Weagle managed to patent. "Horst Link" suspension is a type of four-bar linkage suspension. It is characterized by having both connecting links pivot on the seat tube, with the lower pivot located above the center of the bottom bracket, and the rear axle being located higher than the pivot connecting floating link and lower connecting link. Specialized has bought several of Leitner's patents