Seeking Alpha

Research In Motion (RIMM -5%) slumps in the wake of Nokia's (NOK -14.7%) warning, as investors...

Research In Motion (RIMM -5%) slumps in the wake of Nokia's (NOK -14.7%) warning, as investors decide what's bad for Symbian is also bad for BlackBerry. The decline comes as RIM adds TPG Capital partner/former Goldman exec Timothy Dattels to its board. RF Micro Devices (RFMD -2.8%), a major power amplifier supplier to Nokia, is also selling off.
Comments (2)
  • The sell-off in RF Micro Devices (RFMD) makes no sense. They supply a very large percentage of components for many smartphone makers, as I profiled in my recent article.

     

    http://seekingalpha.co...

     

    If RFMD only supplied RIMM or NOK, this would make sense, but the reality is they supply many more companies. Selling off RFMD on NOK weakness is like expecting the entire smartphone market to contract immediately. Even if NOK fails, other companies will continue to make smartphones, and continue to buy components from RFMD.
    14 Jun 2012, 03:06 PM Reply Like
  • It's another case of sell now, ask questions later.
    14 Jun 2012, 10:48 PM Reply Like
DJIA (DIA) S&P 500 (SPY)