RIMM Disappoints, Apple Falls

  • Posted: 24 September 2009 11:49 PM

    RIM disappoints on revenue and earnings. Meanwhile, Apple falls in after hours trading, I’m assuming in sympathy with RIMM’s results.

         
  • Avatar

    Posted: 25 September 2009 06:16 AM #1

    DawnTreader - 25 September 2009 02:49 AM

    RIM disappoints on revenue and earnings. Meanwhile, Apple falls in after hours trading, I’m assuming in sympathy with RIMM’s results.

    Quote from the article:

    “Apple is still the biggest worry,” McCourt said, adding that RIM’s dominance of the North American smartphone market could erode as sales and availability of the iPhone grow.

    It is quite clear that this must be very bad for Apple :-? :-D

         
  • Posted: 25 September 2009 07:46 AM #2

    it’s clear for us out here…. but the street still doesn’t get it….. south of 182 in early PM…

    Signature

    An economist is an expert who will know tomorrow why the things he predicted yesterday didn’t happen today.

         
  • Posted: 25 September 2009 09:07 AM #3

    RIMM has been downgraded this A M   GS went to neutral and Deutsche Bank went to an outright sell. This could drop AAPL below 180 to fill a chart gap around the 176 level. This should be a great buy opportunity .

         
  • Posted: 25 September 2009 10:49 AM #4

    AAPL up instead. smile 184.55

         
  • Posted: 25 September 2009 11:26 AM #5

    willrob - 25 September 2009 01:49 PM

    AAPL up instead. smile 184.55

    yup! I know how wrong way Corrigan felt

         
  • Avatar

    Posted: 25 September 2009 11:30 AM #6

    Do we re-name the thread topic? smile

    Signature

    Striving to exceed the needs of the future.

         
  • Avatar

    Posted: 25 September 2009 02:47 PM #7

    stkstalker - 25 September 2009 02:30 PM

    Do we re-name the thread topic? smile

    Yes. We shall call it GRIM which is off more than 17% today?nearly one fifth of its market cap. Apple should benefit from this GRIM story.

    Signature

    Black Swan Counter: 9 (Banks need money, Jobs needs a break, Geithner has no plan, Cuomo’s grandstanding, .Gov needs a hobby, GS works for money, flash crash, is that bubbling crude?).

    For those who look, a flash allows one to see farther.

         
  • Posted: 25 September 2009 04:16 PM #8

    Eric Landstrom - 25 September 2009 05:47 PM
    stkstalker - 25 September 2009 02:30 PM

    Do we re-name the thread topic? smile

    Yes. We shall call it GRIM which is off more than 17% today?nearly one fifth of its market cap. Apple should benefit from this GRIM story.

    One other monitory note is that this highlights the fragile nature of the overall market.  Valuations are not low.  GRIMM’s PE is of course higher than most, but notwithstanding that for a stock to drop over 15% on a modest revenue miss and a forecast of slight and temporary ASP reduction is noteworthy indeed.  Imagine what would befall Amazon if it were to miss.

         
  • Avatar

    Posted: 25 September 2009 04:40 PM #9

    ..anyone willing to enter again for an expected recovery? It is still the darling of wallstreet :drool:

         
  • Posted: 27 September 2009 04:28 PM #10

    climbforever - 25 September 2009 07:40 PM

    ..anyone willing to enter again for an expected recovery? It is still the darling of wallstreet :drool:

    Yes.  Do not underestimate the traction RIMM has in the enterprise market.  At sub $70, I think RIMM is a buy, at least short term.  This news here may help the stock Monday.