Quote from Bootsie:
You know what... I went into my local Bell store and picked up a new Blackberry Storm on Friday. As I was standing at the counter, I looked at all of the available "smart-phones" they have to offer. I stopped counting after 30.
So I ask... Seriously, who gives a shit about this new phone. How much market share are they going to take from the Rimm's, Apple's, etc. What, 2%... at most?
I mean, all the guys at Best Buy are getting outfitted with iPhones... across the country. Rimm is everywhere in corporate Canada. (don't know about the states but I assume it's there as well... Obama?) These are the place Palm is going to need to be in order to make any money... not the back of the room in your local grade 10 math class.
I won't give them 10 seconds of my day.
B
I dont see how this product is different than any other product. There are countless varieties of car stereo's to choose from to satify the variety of appetite. The Iphone is not perfect and nor is the rimm. If it lives up to the hype, The Palm may be the best smartphone of the lot. Thats what will drive its sales. If it turns out to be a piece of crap in comparison, it will die out. But the stock price rides the hype up and down. That is where the money is made. But I wouldnt touch it long term because there are better stocks to choose from long term.
But right now, it is certainly a trader. But not for me. Ill stick with RIMM till at least earnings.