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U.S. economy key to RIM sales

WOJTEK DABROWSKI

Reuters

Latest comment posted at 5:43 AM EDT 31/03/08

Analysts want to know whether the upheaval in the U.S. financial industry will affect results; Waterloo-based RIM reports its quarterly results Wednesday ...Read the full article

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  1. THE LAKEMAN from N.S., Canada writes: I strikes me as being very odd that just five or six days before RIM is due to release their financial results that these so called experts begin to mouth off about what could really go wrong with RIM. This story, and another one yesterday, is designed to make investors nervous and lean toward selling off their RIM stock before the results are released. This would allow certain people to buy up any stock sold in the next three business day and make big profits when the results are released. I wager you that RIM's results released on Wednesday of next week will be nothing short of Stellar. If you own RIM now, keep it, because it will go to $120.00 plus next week. Anyone willing to wager me??
  2. Dr Demento from Canada writes:

    According to the chart in the article it's already at $120 . . .
  3. THE LAKEMAN from N.S., Canada writes: Dr. Demento: My source says that RIM closed at $117.07 at the end of today's trading session. I predict $120.00 PLUS. Plus means several dollars above $120.00.
  4. Michael Peters from Toronto, Canada writes: Heaven knows their future isn't in China!
  5. h w from the 51st state, Canada writes: The US is doing well? What newspapers are the analysts reading?
    The US economy is tanking, and will take RIM's growth with it!
  6. Chris Lalonde from Singapore writes: I've been seeing more and more Blackberries being used by professionals in Singapore. Asia is definitely a good market for them.
  7. Michael Wiseman from Canada writes: No doubt, the USA economy will play a PART in RIM success in 2008-9, however, much will depend on RIM itself. Even without the USA economy’s jitters 2008-9 would have been rough for RIM. First, there were the numerous new software and server upgrade blackouts. It’s hard to build confidence in a product after the current incident looks exactly like the previous one that those in charge said would never happen again. However, even though the afore mentioned blackouts were bad, by and of themselves will not negatively affect RIM’s future bottom line, but lack of innovation will. It has been a while since RIM came out with a MUST HAVE new product. I am not talking about ridiculous incarnations of the 8300-series, 8800-series, and 8100-series. Sure RIM has had a strong grip on the enterprise market but how long will that last? Think of what you may about Apple’s iPhone. If Apple delivers a 3G iPhone this May with the promised (Push Email, Push Contacts, Push Calendar, Global Address List,Cisco VPN, Remote Wipe, Security Policies, Device Config, Certificates and WPA2 / 802.11x etc.) and RIM does not reply, previous loyalties may not mean much. Folks the above is Blackberry territory. The above specs are the reason why business people buy Blackberries. The latest I have heard about RIM is they will NOT have any 3G product until maybe early 2009. The rumored BB 9xxx was slowed down by WiFi patent problems as well as being a battery power sucker. So the question is, how long will RIM hardcore supporters stand by their Berry maker in a fast changing world besides the USA economy slowdown?
  8. Logo Pogo from United States writes: Michael Wiseman from Canada writes:

    There are already phones on the market that can do everything you just described about the upcoming iPhone. ie. Nokia E61i...

    iPhone is would be a horrible business device. It's a prosumer device at best but really more of a toy. Apple would have to do some serious overhauling to make it a decent business device.
  9. Michael Wiseman from Canada writes: Logo Pogo wrote: There are already phones on the market that can do everything you just described about the upcoming iPhone. ie. Nokia E61i...

    It true that the Nokia E61i is 3G with WiFi but it would be dead in the water were it not for Blackberry Connect software. Did you notice the words Blackberry in there???

    However, this would be unlike the 3G iPhone per my earlier post. Don't get me wrong, I like Blackberies too, but RIM will NOT make it with enterprise products alone. They know it more than anybody and that is the reason they came up with the Perl and the Curve.
  10. Robert Lepage from Canada writes: But... isn't this McGuinty's fault?
  11. Logo Pogo from United States writes: Nokia has Intellisync and its gaining ground, albeit at a tepid pace but it seems to be picking up. I think that RIM's greatest threat is Nokia and not Apple...

    RIM needs to look out for Nokia's E71 in the enterprise market. It can be sold as a proper business device and stylish enough to satisfy the most demanding prosumer.

    RIM's handset designs are extremely lacking.
  12. Shiela MacKay from Canada writes: Logo Pogo i don't think you own the Nokia E61i. You have read a lot about it but never owned it. If you had one you would know that while its 3G, it's NOT North American 3G, but European. Also the E61i doesn't support the A2DP Bluetooth profile. Yes it has good email options but there again it relies on Blackberry connect.

    Yes you are right that Nokia is the team to beat...No Question about that however, Motorola had a similar attitude and started making variations of its previous incarnations. What happned? The consumers said okay and Samsung overtook them.

    In this business you Lead, follow or get run over. RIM needs to stop comparing itself to MOTO and bring NEW products or they too will go the way of Palm. Palm pioneered PDA smartphones when RIM was still making email pagers, but where are they today?
  13. Dan Green from Palm Beach Gardens Florida, United States writes: RIM has a great, reliable, essential, product for the current time frame. We need RIM, at important levels of security, and certain important people. Management appears sound, no crooks so far. Keep up the good work. Keep the "do not do Nortel manual" in front of all employees. I lost a bunch a money on those folks stock. The founder may one day, identify Canada ,ahead of the Great One. He is an Icon.
  14. Jimmy K from Toronto, Canada writes: The financial sector just loves drinking it's own koolaid.

    1. The financial sector cannot make or break rim, even if it is having subprime problems.
    2. Even if the financial sector is having massive problems, no one will cancel their BB service. They call it the crackberry for a reason. They will fire some JR IT Employee to save costs, but keep the BB.
    3. The public sector is also a massive user of BB, and the public sector in Canada AND the US seems to be growing. And they don't cut costs in tight times. And even if they would, once again, no one is going to cancel their crackberry service.
    4. Rim is growing in the consumer market now. I would guess that as the economy softens, people won't be cancelling their phones per se (mobiles are no longer a "luxury"), but they may expect to get more for the money they pay. For example, rather than paying 60 a month for regular service, they'd want e-mail with that too! Who's best positioned to benefit from that?

    So to conclude, I think RIM is in good shape. Apple too. Palm sucks tho.

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