This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Why Your Dad Is Mourning Radio Shack

Stocks in this article: RSH AAPL IBM AMZN YHOO DIS FB

NEW YORK (TheStreet) -- If the old guy in the office looks wistful today, or your dad seemed a little nostalgic over his breakfast eggs, the reason may be RadioShack (RSH - Get Report).

Why should anyone care about a musty, dusty, dying retailer that Tuesday reported an operating loss of $166 million for a single quarter, a $400 million loss for the full year and a 19% decline in same-store sales. One that also plans to close up to 1,100, or about one-fifth, of its stores.

Especially one that our own Herb Greenberg has a "hate affair" with.

Well, it's like this, kid.

Back before Star Wars came out, when Fleetwood Mac was a supergroup, when I had some hair on top of my head and when hobbyists built their own computers from parts, RadioShack was an important place.

It was a local, franchised version of California's Homebrew Computer Club, a place where early geeks, even in Texas or Oklahoma, could gather to swap stories, search for parts and network with one another.

Once Apple (AAPL) defined a retail PC as a TV, typewriter and something like a tape recorder, RadioShack's Tandy brand was in the market with the Tandy RadioShack (TRS)-80, part of the early "trinity" of PC makers alongside Apple and Commodore.

My favorite laptop of all time remains the TRS Model 100.

The Model 100 weighed just three pounds. It had a keyboard with real travel in it, an internal modem, and it ran on AA batteries. In 1985 I could get all my stories written on it, and once amazed an audience in Japan by delivering copy from Tokyo, first to an editor in San Francisco, then one in London. I advertised myself as "Have Modem, Will Travel."

OK, it had only 24 kilobytes (12 pages) of memory, and the "screen" was just 40 characters across and 8 lines down, but it did what I needed done.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,164.95 -251.90 -1.45%
S&P 500 1,994.99 -26.26 -1.30%
NASDAQ 4,635.24 -48.1670 -1.03%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs