New Blackberry 9930 Bold (Verizon)

[CashGap]

Originally Posted by daunwaun

What?

so are there for CEOS?

Sorry, no, they have two CEOs. My mungling of the language.

They did, however, have THREE Chief Operating Officers, and it appears they are now down to two:

http://www.rim.com/newsroom/mediaexecutive/index.shtml

These are the type of things that cause anyone experienced to shake their head sadly.

[Ed Rooney]

I have one on order. I got a Verizon Torch (no keyboard) Friday and was done with it by 2pm Saturday. I also need a real keyboard. As an IT Director my email is my life. I do take a lot of pics, so the camera needs to be excellent. Apps and web browsing aren't important. I don't want to be that "into" a phone.

I agree that RIM is in serious trouble. I just want one more BB before I am forced to go Droid or (gulp) some other company. Who knows. The smartest thing RIM could do is begin supporting Activesync like droid and iphone.

Wearing my IT hat, I think the BB method of doing email is nearly dead. We are moving to the "everyone already has a smartphone" model where we support what you bring. Overwhelmingly the choice is droid or iphone. BES Express eliminates the need to buy client licenses for Blackberry, so we keep that around. If we were still buying licenses it would probably be history.

I don't know what's on the horizon, but I wish someone would come along and replace BB with a non-droid activesync touchscreen phone with a keyboard. I was a Treo guy from the beginning and hated to see it go. The Palm Pre was pretty cool, but not quite there.

[CashGap]

RIMM's earnings news today was horrible, as expected. Units down, sales down, gross profit down, net income down.

Stock is being hammered overnight.

The two co-CEOs offered assurance that they'll discount the current models enough to keep loyal users, and the new QNX OS models will be a huge hit in time to save the year.

Riiiiight.

[GradyPhilpott]

Good news!

I'll be due for a new phone in June 2012, so I'll be getting one of the QNX phones.

I'm not too hyped up about it, because my 9650 does plenty enough to keep me happy most of the time and actually, the browser has been working just fine for the sites I visit most.

I have a buddy who has an iPhone and every time we get together, he spends the whole time shoving it in my face trying to impress me.

I must admit that it does a lot of things, but basically, it does very little that interests me.

The bottom line is that I don't want a $100+ phone bill every month and any iPhone or Android is a one way ticket to enormous phone bills.

That's why they were invented.

For about $70 a month, I've got plenty of phone.

In a typical month I use well under 200 minutes, send just over 250 texts and use less that 50MB of data.

I'm always interested in new tech, but I'm not much interested in a device that is basically a pipeline to my wallet.

[ag62000]

nice!!!!!!

[TopNotchChach]

does the web browser still suck?

[jamesbondOO7]

No idea, almost never use it.

[mboverst]

Wow, just now saw this thread again after it was bumped up and the comments after my last post. Obviously RIM was overpriced at $130 and has settled where it should be based off the volume of business and profitability it has and will continue to have (very arguably undervalued).

Compare RIM to lets say BofA who is obviously depressed in this market with 10000x the assets, PPI, etc in this unstable market trading at ~7. Yeah, I back my statement that RIM is doing just fine. Just because a company is not at its high during, for all practical purposes, a near second recession doesn't mean it's anywhere near closing its doors or even in bad shape.

[CashGap]

Originally Posted by mboverst

Wow, just now saw this thread again after it was bumped up and the comments after my last post. Obviously RIM was overpriced at $130 and has settled where it should be based off the volume of business and profitability it has and will continue to have (very arguably undervalued).

Compare RIM to lets say BofA who is obviously depressed in this market with 10000x the assets, PPI, etc in this unstable market trading at ~7. Yeah, I back my statement that RIM is doing just fine. Just because a company is not at its high during, for all practical purposes, a near second recession doesn't mean it's anywhere near closing its doors or even in bad shape.

They released Q2 earnings on Thursday. Worth a read.

[Ed Rooney]

Originally Posted by CashGap

Sorry, no, they have two CEOs. My mungling of the language.

They did, however, have THREE Chief Operating Officers, and it appears they are now down to two:

http://www.rim.com/newsroom/mediaexecutive/index.shtml

These are the type of things that cause anyone experienced to shake their head sadly.

I just figured out their whole problem. Both CEO's and the CTO are local hosers who have been with the company since the stone age, the CFO is your typical ex-E&Y suit. These guys are sealed away in their little Canadian version of Bentonville, surrounded by their hoser friends and suppliers.

[mboverst]

Originally Posted by CashGap

They released Q2 earnings on Thursday. Worth a read.

Was on top of it, it's what I do...after that news still trading at $25 and doesn't change my thoughts on them.

[CashGap]

Originally Posted by Ed Rooney

I just figured out their whole problem. Both CEO's and the CTO are local hosers who have been with the company since the stone age, the CFO is your typical ex-E&Y suit. These guys are sealed away in their little Canadian version of Bentonville, surrounded by their hoser friends and suppliers.

Yep, Novell squandered their lead in a similar fashion.

Originally Posted by mboverst

Was on top of it, it's what I do...after that news still trading at $25 and doesn't change my thoughts on them.

Absolutely astounding... well, if you liked it at $140 before the wheels came off, and at $80 a year ago, and at $24 now, imagine the love in a month!

[mboverst]

Originally Posted by CashGap

Absolutely astounding... well, if you liked it at $140 before the wheels came off, and at $80 a year ago, and at $24 now, imagine the love in a month!

I didn't say I liked it ever, I just said it's nowhere near going the way of the dinosaur as previously stated.

I don't know why it's crazy to believe someone liked it at all those trading levels?

I liked LVS at $140 (same time RIMM topped out) with the Macau growth, I liked it when it was at $2, and I like it now at $50. Same holds true for my BAC reference earlier...it's trading at a fraction of it's high, is it astounding to believe that it's still a good buy or is this just another 'the wheels coming off' scenario with no end in sight?

[CashGap]

Originally Posted by mboverst

I didn't say I liked it ever, I just said it's nowhere near going the way of the dinosaur as previously stated.

I don't know why it's crazy to believe someone liked it at all those trading levels?

I liked LVS at $140 (same time RIMM topped out) with the Macau growth, I liked it when it was at $2, and I like it now at $50. Same holds true for my BAC reference earlier...it's trading at a fraction of it's high, is it astounding to believe that it's still a good buy or is this just another 'the wheels coming off' scenario with no end in sight?

(I am not qualified to type the following so no one should invest based on this)

BAC is pretty opaque to me. If I knew they had the guts to file for bankruptcy on Countrywide, I'd be all over it. No idea if they do or not.

BAC's business model, products, etc. remain viable, so the price reflects the markets distaste for banks plus the undigested toxic assets. BAC and RIMM would be similar if all phone manufacturer stocks were tanking. If JPM and C were at all-time highs with BAC in single digits, we'd know BAC was judged uniquely low value by the market.

Some comments today on RIM from here

“Management doesn’t see reality the way the market sees it right now,”

“RIM is underestimating the increasingly competitive smartphone environment,”

“We worry the refreshed RIM products will not change consumer sentiment or regain lost customers.”

"The company is showing no progress in the tablet computer market. "

“We don’t trust those numbers,”

"We do not anticipate BB7 being competitive once those new versions of all those operating systems are in the market over the next few weeks.”

I'm not finding anyone who has confidence in either of the two co-CEOs, and I see RIM as depressed in a thriving sector unlike BAC, depressed in a depressed sector.

But again... I'm not even an amateur stock picker, so who knows.