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-   -   RIM Stock Disaster (http://www.blackberryforums.com/rim-stock-legal-discussion/137069-rim-stock-disaster.html)

Surfish 06-26-2008 09:47 AM

RIM Stock Disaster
 
Down over 10% today, wtf ?

Sith_Apprentice 06-26-2008 09:50 AM

They missed estimates by a relatively low margin, but Wall Street expected more. They will bounce back, 17% in 24 hours is a heck of a drop, but it will come back.

JerryD 06-26-2008 10:55 AM

I'M NO EXPERT BUT...

They posted some extra expenses. I suspect these were due to the pending BIS upgrade. This should pay off handsomely fairly quickly.

I also suspect thier device sales were a bit off because people (like ME!) are holding off on getting a new BlackBerry in anticipation of the new devices that will start to come out in August. With two Bold models, the Clamshell model, and the Touchscreen model, I would guess device sales will climb right back up in the next 2 quaters.

As for the iPhone 3G, although the release of the iPhone last year did nothing but BOOST BlackBerry sales (after disappointed buyers switched to BlackBerry), I do think this model will cut into BlackBerry sales a bit. It may cut RIM's market share by as much as 10%, but I would be surprised if it gets over 5%. That still means RIM would hold %33 to %38 of the WORLD Smartphone sales.

IMHO it's a GOOD DAY to BUY.

Any one willing to front me the CASH???!!!

Sith_Apprentice 06-26-2008 11:01 AM

Quote:

Originally Posted by JerryD (Post 988489)
I'M NO EXPERT BUT...

They posted some extra expenses. I suspect these were due to the pending BIS upgrade. This should pay off handsomely fairly quickly.

I also suspect thier device sales were a bit off because people (like ME!) are holding off on getting a new BlackBerry in anticipation of the new devices that will start to come out in August. With two Bold models, the Clamshell model, and the Touchscreen model, I would guess device sales will climb right back up in the next 2 quaters.

As for the iPhone 3G, although the release of the iPhone last year did nothing but BOOST BlackBerry sales (after disappointed buyers switched to BlackBerry), I do think this model will cut into BlackBerry sales a bit. It may cut RIM's market share by as much as 10%, but I would be surprised if it gets over 5%. That still means RIM would hold %33 to %38 of the WORLD Smartphone sales.

IMHO it's a GOOD DAY to BUY.

Any one willing to front me the CASH???!!!


RIM's market share worldwide is actually less than 30% now. Apple is in third, maybe fourth depending on Nokia/SE percentages. In the US RIM has 40% percent and that market share has been growing in the last few months, while Apple has lost ground. Will the iPhone 2 sell very well? absolutely. I am sure it will sell millions of units. But i am still betting that RIM will have a better second half of the calendar year than apple. the 9000, 9100, and 9500 all launching.

Surfish 06-26-2008 11:34 AM

Quote:

Originally Posted by Sith_Apprentice (Post 988502)
RIM's market share worldwide is actually less than 30% now. Apple is in third, maybe fourth depending on Nokia/SE percentages. In the US RIM has 40% percent and that market share has been growing in the last few months, while Apple has lost ground. Will the iPhone 2 sell very well? absolutely. I am sure it will sell millions of units. But i am still betting that RIM will have a better second half of the calendar year than apple. the 9000, 9100, and 9500 all launching.


I was this close....

bigme 06-26-2008 12:27 PM

Quote:

Originally Posted by Sith_Apprentice (Post 988393)
They missed estimates by a relatively low margin, but Wall Street expected more. They will bounce back, 17% in 24 hours is a heck of a drop, but it will come back.

You also have to consider that the subscriber base has increased with new customers without releasing any new handhelds.

Sith_Apprentice 06-26-2008 12:32 PM

Quote:

Originally Posted by bigme (Post 988715)
You also have to consider that the subscriber base has increased with new customers without releasing any new handhelds.

8330 was released. As well as BES 4.1.5

rambo47 06-26-2008 02:32 PM

These dips (and on the other side, run-ups) are almost always knee-jerk reactions and overdone. They're nerve wracking but ultimately healthy for the stock. The weak holders panic and dump, giving those with some insight a cheap buying opportunity. The stock will come back, probably even make new highs, in a month or less. New products hitting the street are always a boost, and they're just too strong a company to flounder. Great product, strong vision of where they're going, and no sub-prime exposure.:smile:

dpeters11 06-26-2008 04:16 PM

This is typical. While not in the same league, it reminds me of what happened to Gamestop. In May, they announced a 151% increase in profit on a 42% increase in sales compared to the year before quarter. Their stock dropped almost 4%.

akosnitzky 06-26-2008 08:55 PM

Tech stocks have done poorly in general.

OrionXBeta 06-26-2008 10:12 PM

From this post I just purchased some RIMM shares :)

Im a firm believer in this company

Not that that has anything to do with this post about it dropping. But with future releases, I think RIM will be on top of APPLE no problem.

NJBlackBerry 06-26-2008 10:14 PM

I also am buying. Overreaction to missing the estimate by a hair.

Surfish 06-27-2008 09:55 AM

and the bleeding continues today

Dawg 06-27-2008 10:37 AM

Quote:

Originally Posted by Surfish (Post 990217)
and the bleeding continues today

its not that serious

data1025 06-27-2008 10:44 AM

Is it worthwhile to buy a few stocks at a time? I dont own any stocks so I am a newbie to the game.

OrionXBeta 06-27-2008 10:55 PM

I saw the ad for stocks starting at 6.99 to 9.99 and though that was for all. Im a newbie on this for sure. RIMM is at $123 a share now haha. Sooo Ill buy one share and see what happens.

greggebhardt 06-28-2008 07:44 AM

I am waiting till Monday and buying another 100+ shares. I have no doubt where RIM stock will go from here! RIMM has also had a record 1st quarter. This is not Apple we are talking about but RIMM. I have owned it when I only paid 25.32 per share!

NJBlackBerry 06-28-2008 07:52 AM

Was that before or after the stock splits :-)

penguin3107 06-28-2008 08:00 AM

Quote:

Originally Posted by data1025 (Post 990305)
Is it worthwhile to buy a few stocks at a time? I dont own any stocks so I am a newbie to the game.

This is not the forum to ask these types of questions. (For your own good.)
Speak to a financial or investment advisor if you're considering getting involved with stock trading.

Sith_Apprentice 06-28-2008 08:01 AM

Quote:

Originally Posted by penguin3107 (Post 991596)
This is not the forum to ask these types of questions. (For your own good.)
Speak to a financial or investment advisor if you're considering getting involved with stock trading.

Excellent advice penguin. I would also add that NO forum is a good place for that advice, the financial/investment adviser is the way to go


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