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
Racing bicycle using a "main triangle" with three straight tubular shapes—the top tube, down tube, and seat tube. These three tubes, and other parts of the frame, need not be cylindrical, however, and many racing bicycles feature frames that use alternative shapes. Traditionally, the top tube of a racing bicycle is close to parallel with the ground when the bicycle is in its normal upright position. Some racing bicycles, however, have a top tube that slopes down towards the rear of the bicycle; the "compact" frame geometry was popularized by Giant. Frame manufacturers are free to use any material they choose in