Wireless & Telecom Question
RIMM down 25% in 3 weeks -- what's going on!?!
Asked by DirtyD in
Wireless & Telecom
4 months ago
Stocks referenced: RIMM
Best Answer
344 points
MajorPayne answered 4 months ago …
It has to do with a couple of issues - the new iPhone being one of them. Which also leads us to the real catalyst, which was RIMM giving weak guidance for 2009 and missing analysts expectations by about $0.08 cents a share. The company says it's mainly due to increased costs around Product Development and Marketing due to the increased competition coming from the iPhone and Palm's $99 centro.
I wonder if PALM might be a buy again?
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