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It's not often -- like almost never -- that you see a downgrade parade like the one for Apple this morning, that doesn't follow earnings or some kind of catalyst.
As you might expect, when a name-brand blue-blood tech company like Research in Motion so terribly disappoints the Street, leading to a 20-percent plunge in its shares, it's going to generate a healthy amount of dialogue.
There are downgrades, and there are downgrades, but I have never seen the kind of downgrade parade marching through Wall Street this morning related to Research in Motion and its stock.
In my earlier post about Research in Motion's bitter earnings miss, I speculated that before investors rush off to sell their Apple shares in sympathy, they may want to study RIM's reasons for its shortfall. And that appears to be good advice.
To say that the optimism surrounding Research in Motion going into the company's second quarter earnings, reported just moments ago, was thick, is an understatement.
Earnings, real and growing earnings from a company not in the middle of the financial crisis. Come and get em!
The news is good for BlackBerry, even in the face of iPhone's success, which speaks to my point yesterday that the sector is having no trouble supporting multiple success stories.
There's little chance that telegrams bring good news; likewise can be said when your email inbox suddenly shows a note from the CEO with the words, "Time for another update."
Thursday will be a big day for Research in Motion as the company prepares to release its second fiscal 2009 quarterly earnings into a climate that's either really good, or really bad, for the wireless leader, depending upon who you believe on Wall Street.
The "Dream" name disappeared this morning, in favor of T-Mobile's "G1" moniker instead, a nod to the first handset powered by Google's mobile operating system dubbed Android. And now the market has to weigh whether this is merely another competitor available, or everything Blackberry and iPhone aren't.
HP is resurrecting the "Dude, You're Gettin' a Dell" campaign, which wasn't the brightest point in Dell's history, and now it's being used against it.
It's not often that a company like Palm enjoys "bellwether" status, but such is the unusual result of these crazy times on Wall Street where investors are breathlessly searching for any kind of sign post they can find.
Google will hardly be a me-too vendor. I'm sure the new HTC "Dream" phone will be feature-rich. But how it looks and how it feels might eclipse what it does since there are so many other options out there for consumers right now.
This has been a crazy week on the markets, and it's still only Tuesday morning out here in Silicon Valley. But look no further than the stalwarts in the PC business, like Apple, Hewlett-Packard and Dell to see a new kind of volatility index.
Ten years ago, when there were far fewer websites than there are today, a couple of guys living in Stanford's Escondido Village got the idea to create an easy-to-use, searchable directory so friends and family could easily find the net's newest, coolest destinations.
If Electronic Art's unsolicited bid for Take-Two Interactive sounds a lot like Microsoft's unsolicited play for Yahoo — complete with both EA and Microsoft ultimately walking away — think again.
The background is this: Balsillie has been Jonesing for an NHL team for the past several years. He looked close to getting a deal done for the financially strapped Pittsburgh Penguins. When that didn't work out, he started to focus on the Nashville Predators.
Look, I don't want to play the role of Apple defender, because heaven only knows message boards and Apple shorts think I support this company too much already.
This is the guy who is running arguably the most effective, most innovative company in arguably one of the most exciting and dynamic sectors in tech. And he just doesn't tend to sit down for TV interviews.
Apple owned the spotlight yesterday with its iPod event in San Francisco, but today and tomorrow it will all be about Research in Motion, with CEO Jim Balsillie preparing to keynote the big CTIA Wireless expo Thursday, which comes a week before the company issues its quarterly earnings.