Get Better Gear!

Premier Sponsors


Other World Computing

Top 5 Free Apps

Release Date: August 05, 2009
Genre: Games
Release Date: May 22, 2009
Genre: Games
Release Date: August 29, 2009
Genre: Games
Release Date: March 27, 2009
Release Date: August 07, 2009

iTunes New Music Releases

Release Date: September 29, 2009
Genre: Rock
Release Date: September 20, 2009
Release Date: September 15, 2009
Release Date: August 25, 2009
Genre: Rock
Release Date: August 25, 2009

Top 5 Paid Apps

Release Date: April 22, 2009
StickWars $0.99
Release Date: March 31, 2009
Genre: Games
Bloons $0.99
Release Date: April 05, 2009
Genre: Games

Discover New Music

  • Chicago Transit Authority

    • 10 out of 10
    • Chicago
    • For those of you who don't know, Chicago didn't always suck, and everyone in the band didn't always play a keyboard. When the band started off they were pioneers of rock and jazz fusion, and guita

  • Jagged Little Pill (Acoustic)

    • 6 out of 10
    • 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,
  • Hello

    • 8 out of 10
    • Poe
    • Poe rocked my world with "Angry Johnny" (I want to kill you/I want to blow you/Away) and "Trigger Happy Jack" (Trigger Happy Jack/ You're gonna blow/But I'm gonna get off/Before you go), as powe

  • Perverse

    • 8 out of 10
    • Jesus Jones
    • When you think of Jesus Jones, chances are you can't remember them at all, or you vaguely remember "Right Here, Right Now" because it has been use

  • With Teeth

    • 4 out of 10
    • Nine Inch Nails
    • In the sprawling post-A&R rock and roll world, there are two camps: the Beatles and the Stones. The Beatles are the artists that like to explore, evolve, and change styles. The Stones are the artis

Reader Specials

Visit Deals On The Web for the best deals on all consumer electronics, iPods, and more!


Analysts Downgrade RIMM, Stock Drops 25% on Friday

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.

Post Your Comments

  Remember Me  Forgot your password?

Not a member? Register now. You can post comments without logging in, but they'll show up as a "guest" post.

Commenting is not available in this section entry.