Apple's Cell Phone impact is overhyped. Buy RIMM
Unfortunately, I can't put together any money for RIMM for quite awhile. But, I am definitely loving where it is trading at right now....in the 30s.
I think RIMM's plunge is entirely based on the FEAR that APPLE brings to any competitor. That provides a great opportunity for investors to buy Apple's competitor at a cheap, reasonable price.
Why buy Apple's competitor instead of Apple?
1) APPLE P/E 16.5 versus RIMM 12.7
2) APPLE's I-Phone while hugely popular always remains mired in AT&T only. Last time I checked AT&T doesn't own 100% of the marketshare of cell phone networks.
3) RIMMs products are sold by virtually every single cellphone network including AT&T.
But, I like Research in Motion especially for its latest acquisitions and partnerships.
Particularly, I am eyeballing the following press releases;
"Vodaphone Greece Launches Blackberry Storm"
"M-TEL brings Blackberry Storm to Bulgaria"
"RIMM sends Blackberry Curve to O2 stores in Ireland."
All of which happening THIS MONTH. So whatever estimates for earnings that disappointed investors that came out may be subject to change on the upside...There's too much expansion here to be a SELLER of RIMM.