The Four Horsemen Ride Again: GOOG, AAPL, AMZN, RIMM

The four horsemen ride again.

The relief rally in Google (GOOG) shares today following yesterday’s impressive first quarter results (see transcript)has spurred widespread buying in Internet shares; it’s also triggered moves by the other “four horsemen” stocks that dominated the tech sector in 2007.

All four of the stocks suffered deep declines earlier in the year, and all have since rallied nicely.

• Google is up $89.26, or 19.9%, to $538.38; the stock is still off 22.2% from its year end level of $691.48.
• Apple (AAPL) is up $6.29, or 4.1%, to $160.78; the stock has rallied nicely since bottoming around $120 in March, but remains 19% below its year-end level of $198.08.
• Amazon (AMZN), is up $5.86, or 7.9%, to $79.89; AMZN is down 14% from $92.64 at year end.
• Research In Motion (RIMM) is up $4.58, or 3.9%, to $123.21; after trading down to the high 80s earlier in the year, the stock has actually gained about 7% for the year.

Comments

[Ames Tiedeman]

And they will all it new all time highs in 2009.

[Brandon]

These companies are going to find explosive growth from a deluge of foreign money. Yes, these companies all face challenges in 2008 and beyond, but countries around the world are awakening to the fact that they can buy great American technology at prices that are suddenly affordable.

I would compare these stocks to standing on a conveyor belt, even if you're going backwards you have to work pretty hard to actually go backwards.

[tom1234]

remember --he who laughs lasts--- laughs and laughs and laughs all the way to the bank with very full pockets --

[koko]

goog and rimm do not have the consumer exposure of the other 2. we'll see this comming week...

[Ken Singh]

RIMM MANAGEMENT PROVEN CROOKS , KEEP INVESTORS INTHE DARK

India puts a ban on certain Blackberry services
Blackberry, Mobile Service Providers, Research in Motion April 20th, 2008

India puts a ban on certain Blackberry services

The Indian government has now directed the telecom companies in the market to block certain services provided to the users of Blackberry devices.

This ban would remain in place till the service providers put up the requisite monitoring systems in place.

The government had earlier raised its objection to the RIM Blackberry services as they said that some of the services could not be monitored and hence were a security concern.

Indian government representative Jyotiraditya Scindia said in a statement: “Instructions have been issued to all mobile service providers, inter alia, asking them not to connect or provide/run certain BlackBerry services unless the required monitoring systems are in place.”

Cellular Operators Association of India Director General T.V. Ramachandran responded on this directive: “We will abide by whatever the government requires. We have no issue.”
sifybroadband.techwhack.com/986-blackber...

[Brewer]

RIMM is for suckers that think the blackberry can compete with iPhone. It hasn't the slightest chance for continued long-term growth. No one can compete with Google and Apple. RIMM and Microsoft have nowhere to go but down.

There is a lot of fear in IT about Apple, but most of the love is for Intel and the hardware, not the Microsoft software they have traditionally clinged to. Increasingly, people are clamoring for Apple software because it's simply so much better. It's getting very difficult for any IT person to deny the use of Apple products because Apple has written everything to work with Windows. As such, it is a no-brainer to just replace Microsoft instead.

I don't have a very good read on Amazon, but I expect they will continue to grow, but probably not explosively as I expect APPL and GOOG to do.