“I’d keep my eye on Sony’s Tablet S,” he says.According to the FT, the tablet has won over a lot of reviewers and has gotten a lot of praise for its design.
”This is a name that nobody’s really talking about and it could get some buzz,” he says. ”It’s got a great operating system – this is a pad that could challenge the rest of the field.”
Meanwhile, on the back of RIM’s disastrous results, shares of Apple surged – with investors again optimistic about the potential of the iPad.
“Apple is a powerhouse,” Najarian says. “As more people migrate to the iPad they become part of the Apple eco-system – I think Apple is still far too cheap at $400."
Also, shares of rival Amazon ripped higher on Friday soaring to another all time high.
Trader Patty Edwards thinks gains may be a sign that the Street is starting to think it will be Amazon’s forthcoming tablet that emerges as a potent rival for the iPad. “I’m hearing phenomenal things,” she says. “It seems if anyone can challenge Apple it’s going to be the Amazon tablet.”
Steve Grasso adds the Amazon tablet could drive the stock even higher. “If Amazon becomes a cloud play, it would gives investors a whole new reason to get excited about this stock.”
And on a somewhat related note, Netflix joined RIM in the dog house – after the video service cut its U.S. subscriber estimates for the quarter.
Although the stock had been a high flier trader Patty Edwards says, “now it looks broken. In the near-term I would not be a part of it.”
Steve Grasso agrees. “I look at this as a play on the economy – and nobody wants more revolving debt,” he says.
MONEY IN MOTION: EURO MEETING LOOMING
Elsewhere in the market, the traders were also talking currencies with the euro down against the dollar on concerns that EU finance ministers won't do enough to contain the debt crisis or provide additional support for the banks.
So what's next for the euro?
Find out from Willie Williams, director of institutional derivative sales at Societe Generale.