iPhone Goes Corporate
Steve Jobs wants you to use his iPhone for business instead of your BlackBerry. Can Appletake a bite out of Research In Motion'smarket share?
Apple is expected to unveil tools on Thursday which will allow the iPhone to become more adaptable for corporate networks, explains Dylan Ratigan. That could put it into direct competition with Research In Motion.
The iPhone is simply not a corporate device, exclaims Jeff Macke. The iPhone touchpad keyboard isn’t easy to type on and they have an inferior network.
I don’t agree, counters Pete Najarian. The only complaint I have about migrating from BlackBerry to iPhone is cost and that’s coming down. If you’re looking for trades, keep an eye on Akamai Technologies (AKAM); they provide the software for digital downloads and could prosper in this situation. Also watch AT&T (T), Cisco (CSCO) and Juniper (JNPR) for infrastructure build out. And there’s always Apple which I think is a buy, he counsels.
I also like Apple, adds Guy Adami. Understand that you could have moves to the downside, but around $120 it’s probably a buy.
Your other trade is Research In Motion on a dip, adds Macke.
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Trader disclosure: On Mar. 5, 2008, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders: Macke Owns (YHOO), (INTC); Najarian Owns (AAPL), (BIIB), (C), (CSCO), (MS), (MSFT), (XLF); Najarian Owns (YHOO) And (YHOO) Calls; Najarian Owns (COP), Calls(AKAM) Calls; Finerman Owns (GS); Finerman's Firm And Finerman Own (KALU); Finerman's Firm Owns (AAPL), (BJS), (MSFT), (SKS), (TSO), (WMT); Finerman's Firm And Finerman Own (CROX); Finerman's Firm Owns (YHOO) And (YHOO) Call Spreads; Finerman's Firm Is Short (GLD), (IYR), (MDY), (SPY), (IWM), (IJR); Finerman's Firm Is Short (LEH) And Owns (LEH) Puts