Support Our Site
Get Better Gear!
- Theodolite App for iOS is Breathtaking from Hunter Research and Technology, US$3.99 (Pro and HD versions)
- Akron’s TAB802 Table Mount For iPad Is Sturdy from Akron, US$99.95
- Dinosaurs Roar to Life on the iPad with Stephen Fry from M58959 Studios, US$14.95
- Poldera’s iKeep Holds Your iPhone Close from Poldera LLC, US$19.99
- Mediadevil’s Easyscreen Screen iPad Protector Is Unusual from Mediadevil, £16.97 (US$22.09)
Premier Sponsors
Top 5 Free Apps
iTunes New Music Releases
Top 5 Paid Apps
Discover New Music
- Spoon
Gimme Fiction by Spoon is a terrific album by an Austin band that I was lucky enough to catch on an Austin radio station during a Christmas visit.
- The Church
Another of my all-time favorites, Priest = Aura is one of those rare albums where every song is simply fantastic, and a testament to how good pop-rock can be.
Each song immediatel
- Miles Davis
- The jazz album to end all jazz albums. Miles Davis and John Coltrane and Cannonball Adderly and the list goes on. The who's who of who's who in jazz have assembled for this monumental record. Get this
- Brian Eno
- In his first proper solo release since 1996's relatively cold "The Drop," Brian Eno has constructed a whimsical and ecclectic masterpiece which is arguably one of the year's strongest records thus fa
- Alanis Morissette
- Ten years after the original release, comes the traditional celebratory acoustic re-recording. The album has held up remarkably well. While it is not as meaningful to me as it was when I was sixteen,
Reader Specials
Visit Deals On The Web for the best deals on all consumer electronics, iPods, and more!
News
Analysts Downgrade RIMM, Stock Drops 25% on Friday
Thursday, September 25th, 2008 at 4:00 PM - by John Martellaro
Wall Street is not pleased with Research in Motion (RIMM), famous for their BlackBerry mobile phone, according to Jim Goldman with CNBC on Friday. Analyst downgrades on Friday were steep, strong and fast.
RIM reported that it has spent US$380 million in advertising, yet guidance was dismal and sales were less than hoped for. That led Cannacord Adams to reset its target for RIMM from $185 to $72.50, RBC from $165 to $90 and Credit Suisse from $100 to $80.
As a result, on Friday shares in RIMM dropped precipitously, from about US$100 on Thursday to under $75 on Friday.
 Source: eTrade |
|---|
"How did the Street, indeed so many of us, get this one wrong?" Mr. Goldman asked. "Simply, there’s been an almost irrational exuberance surrounding this can’t-do-wrong company. Metrics and channel checks seemed solid. Same with ongoing trends. Almost across the board among analyst research."
One of the problems is that no one knows how RIM will price their products. When the prices come in lower than expected, investors expect the company to miss its target. Apple, in contrast, doesn’t have that problem. The iPhone price doesn’t change until Steve Jobs says it will.
It’s not clear at this point whether RIM’s poor earnings report was due to the overall market or competition from Apple. More light will be shed on that when Apple issues its own earnings report in October.
Recent Headlines
- AT&T Begins Process Toward Offering Shared Data
- OnLive Desktop: Windows & Office on Your iPad
- Battle Pocket Bulge With The Hint for iPhone
- Theodolite App for iOS is Breathtaking
- Forum Poll: Are You Planning on Buying a New iPad?
- Apple Highlights Siri in Two New iPhone 4S Ads
- Canaccord: Apple Claims 80% of Q4 Mobile Handset Profits
Post Your Comments