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Old 06-26-2008, 08:47 AM   #1 (permalink)
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Down over 10% today, wtf ?
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Old 06-26-2008, 08:50 AM   #2 (permalink)
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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.
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Old 06-26-2008, 09:55 AM   #3 (permalink)
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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???!!!
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Old 06-26-2008, 10:01 AM   #4 (permalink)
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Quote:
Originally Posted by JerryD View Post
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.
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Old 06-26-2008, 10:34 AM   #5 (permalink)
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Quote:
Originally Posted by Sith_Apprentice View Post
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....
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Old 06-26-2008, 11:27 AM   #6 (permalink)
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Quote:
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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.
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Old 06-26-2008, 11:32 AM   #7 (permalink)
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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
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Old 06-26-2008, 01:32 PM   #8 (permalink)
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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.

Last edited by rambo47 : 06-26-2008 at 01:33 PM.
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Old 06-26-2008, 03:16 PM   #9 (permalink)
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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%.
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Old 06-26-2008, 07:55 PM   #10 (permalink)
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Tech stocks have done poorly in general.
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Old 06-26-2008, 09:12 PM   #11 (permalink)
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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.
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Old 06-26-2008, 09:14 PM   #12 (permalink)
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I also am buying. Overreaction to missing the estimate by a hair.
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Old 06-27-2008, 08:55 AM   #13 (permalink)
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and the bleeding continues today
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Old 06-27-2008, 09:37 AM   #14 (permalink)
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Quote:
Originally Posted by Surfish View Post
and the bleeding continues today
its not that serious
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Old 06-27-2008, 09:44 AM   #15 (permalink)
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Is it worthwhile to buy a few stocks at a time? I dont own any stocks so I am a newbie to the game.
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Old 06-27-2008, 09:55 PM   #16 (permalink)
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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.
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Old 06-28-2008, 06:44 AM   #17 (permalink)
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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!
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Old 06-28-2008, 06:52 AM   #18 (permalink)
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Was that before or after the stock splits
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Old 06-28-2008, 07:00 AM   #19 (permalink)
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Quote:
Originally Posted by data1025 View Post
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.
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Old 06-28-2008, 07:01 AM   #20 (permalink)
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Quote:
Originally Posted by penguin3107 View Post
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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