Thanks to a cautious Piper Jaffrey note:
Research In Motion: Nov channel checks indicated mixed demand – Piper Jaffray (120.55Â -1.53) -Update : Before the open Piper Jaffray said Nov channel checks indicated mixed demand for smartphones and data-oriented devices across all four major U.S. carriers, as they noted an increasing mix of mid-tier phones for the Holiday Season. Given the potential for RIMM not launching any new key products for leading carriers during the Feb qtr and the overall normal seasonal decline in the N.America market following the Holiday Season, the firm is slightly lowering their Feb ests and maintained their Neutral, firm cuts their FY08 estimates to $2.13 from from $2.21 (consensus is $2.18). The firm says however they believe RIMM continues to enjoy a strong replacement cycle and continued strong new subscriber growth.
My sense, Piper may be right on this call. I would not venture out, buying this dip in RIMM, yet. Last week, I was lucky enough to buy RIMM, under $105.
Hopefully, I will get another chance to buy some under $105 again.
If you enjoy the content at iBankCoin, please follow us on Twitter
The Nasdaq is up yet RIMM, AAPL, GOOG are all down…WTF?
WTF is down also. Poor earnings expected.
Sadly, WTF only trades in Australia. Mate.
Rimm will see 110-111 today
fly, you are wrong on this. i know for a fact they are introducing a new phone to compete with the iphone in q1.
I wonder if they will be selling those mid tier phones to mid tier bloggers?
Makes sense, no?
fly email me, ill try and dig this up again