trandall1991

Research in Motion Knocked Down, Not Out

In reality it's just panic mentality at work, creating a firesale price opportunity. As the CEO described it, RIMM is engaged in a land-grab in the wireless market, as all of its competitors are folding, incapable of competing with the Blackberry. The former corporate tool is going into the consumer mass-market with a vengance, and it's going to take down Palm, Motorola, Ericsson, and eventually Nokia, HTC, LG, Samsung, etc. as the consumer market converts from dumb phones to smartphones. Only AAPL is a serious competitor right now, coming at the market from the consumer side, while RIMM comes at it from the business side. They will collide in the middle, and everyone else will be squeezed out. RIMM's PEG is now close to 0.5. I'm all in.