Eric Bolling thinks the iPhone will get consumers used to paying more and that will benefit all smart phone makers. He says if nothing else, the company that will really benefit from the iPhone is AT&T (T) which is the phone’s wireless carrier.
Thompson reminds Eric that Apple gets a piece of that revenue.
Guy Adami says if RIMM earnings disappoint and shares sell-off, he sees a buying opportunity.
The entire panel says stay away from PALM.
Got something to say? Send us an e-mail at firstname.lastname@example.org and your comment might be posted on the Rapid Recap! Prefer to keep it between us? You can still send questions and comments to email@example.com.
Trader disclosure: On June 26 2007, 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 (GTRC); Bolling Owns (NMX), (MPEL), (ICE), (T),; Bolling Has Closed Out Of His S&P Futures Short: Bolling Has Closed Out Of His Nasdaq Futures Short: Najarian Has Closed Out Of His Long (.VIX) Trade; NBC Universal Is The Parent Company Of CNBC