Hayweed

Motorola, Nokia, Palm, RIM Suffering iPhone Headache

Rimm's big growth was with their consumer phones. They pushed hard into this space as Apple entered the phone business. With the iPhone at $600 then $400 Rimm was cheaper consumer choice at $200. Now with the iPhone at $199 the consumer will move toward Apple and Rimm's growth will slow. If Rimm's growth slows the stock will tank a lot. Can't have a 40 pe with growth slowing.