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 lock bolt croppers, and D-locks were breached using a stubby bottle jack. Of the locks tested, five had a Sold Secure Gold rating, varying in price from £25 to £100. Two of these Gold rated locks withstood only 10 seconds of attack. The Dutch consumer news show Kassa 3 published a four-minute show in which a former bicycle thief removed eight consumer-grade locks (cheaper than €30 / ~$40) from a bike in times ranging from 10 to a maximum of 84 seconds. The locks included those from manufacturers ABUS, Hema and Halfords. Bicycle locks are only effective when they are used