Quote from Port1385:
Blackberry is still a good long-term short.
1) Lots of competition out there and other alternatives. LG Dare, Iphone, etcccccc....more coming out each and every day.
2) Companies are cutting their budgets and the first things to go are these Blackberries. They are expensive and not really needed. We got along before very well without them and no one really needs to be checking their work email at 9pm at night. either the Blackberries must go or more people laid off, you choose. All these companies are not expanding their staff and cutting more then ever. You know Citibanks and Morgan Stanleys Blackberry budget will be much much lower next year. Certainly Indymac's and Ford's Blackberry budget will be crunched...
3) The Blackberry is the first thing to be cut off the consumers list. Just go back to a basic phone, much cheaper. Notice the large amount of blackberries up for sale on craigslist, ebay, etc. Who wants a Blackberry anyway when you can buy an Iphone?
4) Momo stocks that have dropped this much never seem to come back in vogue with traders. Witness Yahoo, witness Cisco, witness Intel, witness EBAY, witness MRVL...all are nice companies where you can see the demand for their products in the future, but I dont see any of these companies hitting their old yesteryear prices in the next 20 years or more...if at all...
Keep saying to yourself that RIMM is a buy at these levels. 1 disappointing conference call or outlook statement usually leads to another until finally all of the analysts capitulate then either the company is a buy or it files for bankruptcy and zooms into obscurity on the pink-sheets much like Broadvision...
