If RIM over extends and sells too many, becomes a "'garminization' everyone has it" its the end. "I feel the iphone could trump everything" did you not just evoke the most mass consumed product to decry the mass consumption of a product?
They are all quacks... these guys influence what is happening on the markets daily and companies rise and fall on these idiots spewing filth. Imagine where we would be if financial 'experts' didn't exist, financial crisis? no way! its the drive of these market capitalist who use stock and product values to jump from one buck to another, if they didn't speculate on this crap RIM would still be gaining strength, despite iPhone they are selling more phones than before!
Yes RIMs stock has been built on its strong year on year increases, but if they cut a forcast, not losing money, but cut their aim of profit then they are dead? Common, we went through this with the Newton and Apple has messed it up before, the company is not dead, they have money in the bank to get through this. RIM will be around, they are ready to buy up competitors as seen yesterday.
Thu, 12/04/2008 - 15:51 — not a cramer fan but (not verified)
46
RIM's value came from it's dominance in the business market, and the fact that if anyone -- consumer and business alike -- wanted email pushed to their phone, they were the only game in town. It's kind of like when Apple had education dominance, except Apple never had a monopoly on education the way that RIM had on business... 'til now. Look, even after Apple lost it's foothold in education and most market watchers thought it was dead, it came back. So RIM can come back as well. But you have to admit things don't look good right now. They are no longer the only player in town. And that's Cramer's basic premise. You can be dismissive of it if you want, but that doesn't take away the fact that RIM's earnings (and market share) has fallen at an alarming rate in a very short amount of time. It's a wounded animal, and the predators are coming in at just the right time to pounce on it... the deck is definitely stacked against them at the moment. How's that for mixing metaphors?!? cheers...
We can debate all this for a while, but true the iphone is a competitor, but it has also changed the market. iPhone brings 2x more people to smart phones (if not more) but at the same time RIM has current contracts as well as growth in consumer use, due to more consumers looking at smart phones.
So while iPhone has hurt RIM by taking away its complete market dominance, it has informed enough users of smart phones so more can take the alternative to iPhone/At&t (Rogers in Canada) and buy RIM smart phones from other carriers.
It's a market paradigm shift where all those consumer who never looked at shit smartphones now begin to consider them, and RIM can offer what apple can't. Multiple carriers!
All he's saying is he doesn't recommend anyone buy stock in RIM. Of course, that ignores the fact that RIM products blow and now that there's competition RIM is taking a huge hit in the pocketbook. It's the same thing that's happening to Winblows. People realize there's another product that is better and are buying it instead. This is the beginning of the end if these businesses don't wake up and make major changes.
1. Yes - iPhone is a forward directed competitor
2. Yes - it may become the next big gaming platform, but
3. No - it is not a RIM killer
I have owned just about every brand, if not most models, of smartphones in the Palm, Windows, RIM, and Apple workspace (both original iPhone and 3g), and not a single one holds a candle to the RIM platform in the business market. WHY - because it is 100% business focused AND is now becoming a decent competitor in the media space.
You can drink all the Kool Aid you want, but I had to dump my Porsche 3g iPhone for my VW RIM Curve because even with iPhone v.2.2 the iPhone is a second rate business phone. In many markets I've traveled, 3g on the iPhone drops calls and slows down repeatedly (not just here in the hinterlands of new 3g Midland, but Austin, Dallas and Fort Worth - it is a little better in Houston and a lot better in San Antonio).
Incomplete Sync - no notes and no tasks. No cut/copy/paste (my god, all those OS upgrades and they can't even deliver this basic functionality?) And let's not even go into no MMS, voice dialing, and 2-6 steps for everything you have to do (profiles anyone).
My point is not to bash iPhone, because it is a wonder, and if Apple will just let up on the brakes for developers, it will remain and expand its lead in the smartphone space, BUT RIM naysayers like Kramer are fools - shoot, even before iPhone 3g and the new aluminum Macs he was dissing Apple so bad the stock has taken a 50% haircut this year. The shame of the whole situation is that reality TV nuts find a guy like Kramer entertaining and might just follow his advice...
While I don't believe everyone of these analysts is an idiot i do believe that WAY too much emphasis is placed on what they have to say. The speculation of a seemingly educated man/woman has nothing to do with business trends yet as we've seen Mr. Greenspan, or even the moron in question, has been able to make real-time changes in trading.
This is an incredibly difficult job that requires some serious sack and the one thing i have to credit Kramer with is his ability to talk on national television after the whole Bear Stearns shit-show. I'd be living in a van down by the river so i wouldn't have my knees broken and tossed down a flight of stairs by an angry once-was investor.
That being said, anyone who is willing to lend an ear to this man should invest in wall. I hear that they retain their value, offer shelter and provide a solid place to repeatedly bash your head into for lack of anything else better to do...
This douche called a bottom in the market about 4-5 months ago. He is a fool...with a stupid shirt.....that should have gone and barfed, or farted, or burped or taken care of whatever was wrong with his bodily functions before this interview. Cramer I pronounce you Douche of all Douches....what a hack!
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So he concludes...
If RIM over extends and sells too many, becomes a "'garminization' everyone has it" its the end. "I feel the iphone could trump everything" did you not just evoke the most mass consumed product to decry the mass consumption of a product?
They are all quacks... these guys influence what is happening on the markets daily and companies rise and fall on these idiots spewing filth. Imagine where we would be if financial 'experts' didn't exist, financial crisis? no way! its the drive of these market capitalist who use stock and product values to jump from one buck to another, if they didn't speculate on this crap RIM would still be gaining strength, despite iPhone they are selling more phones than before!
Yes RIMs stock has been built on its strong year on year increases, but if they cut a forcast, not losing money, but cut their aim of profit then they are dead? Common, we went through this with the Newton and Apple has messed it up before, the company is not dead, they have money in the bank to get through this. RIM will be around, they are ready to buy up competitors as seen yesterday.
concurrence
There's nothing 'Mad' about that 'elph'!! Stock speculators are on a par with the media for blowing things out of all proportion.
No way
Agree with above post. Kramer is a total ass-for-head.
...not to mention what he has
...not to mention what he has for brains...
its hard to argue with the basic premise he makes...
RIM's value came from it's dominance in the business market, and the fact that if anyone -- consumer and business alike -- wanted email pushed to their phone, they were the only game in town. It's kind of like when Apple had education dominance, except Apple never had a monopoly on education the way that RIM had on business... 'til now. Look, even after Apple lost it's foothold in education and most market watchers thought it was dead, it came back. So RIM can come back as well. But you have to admit things don't look good right now. They are no longer the only player in town. And that's Cramer's basic premise. You can be dismissive of it if you want, but that doesn't take away the fact that RIM's earnings (and market share) has fallen at an alarming rate in a very short amount of time. It's a wounded animal, and the predators are coming in at just the right time to pounce on it... the deck is definitely stacked against them at the moment. How's that for mixing metaphors?!? cheers...
We can debate all this for a
We can debate all this for a while, but true the iphone is a competitor, but it has also changed the market. iPhone brings 2x more people to smart phones (if not more) but at the same time RIM has current contracts as well as growth in consumer use, due to more consumers looking at smart phones.
So while iPhone has hurt RIM by taking away its complete market dominance, it has informed enough users of smart phones so more can take the alternative to iPhone/At&t (Rogers in Canada) and buy RIM smart phones from other carriers.
It's a market paradigm shift where all those consumer who never looked at shit smartphones now begin to consider them, and RIM can offer what apple can't. Multiple carriers!
All he's saying is he doesn't
All he's saying is he doesn't recommend anyone buy stock in RIM. Of course, that ignores the fact that RIM products blow and now that there's competition RIM is taking a huge hit in the pocketbook. It's the same thing that's happening to Winblows. People realize there's another product that is better and are buying it instead. This is the beginning of the end if these businesses don't wake up and make major changes.
All he's saying is he doesn't
It took him long enough to say it.
1. Yes - iPhone is a forward
1. Yes - iPhone is a forward directed competitor
2. Yes - it may become the next big gaming platform, but
3. No - it is not a RIM killer
I have owned just about every brand, if not most models, of smartphones in the Palm, Windows, RIM, and Apple workspace (both original iPhone and 3g), and not a single one holds a candle to the RIM platform in the business market. WHY - because it is 100% business focused AND is now becoming a decent competitor in the media space.
You can drink all the Kool Aid you want, but I had to dump my Porsche 3g iPhone for my VW RIM Curve because even with iPhone v.2.2 the iPhone is a second rate business phone. In many markets I've traveled, 3g on the iPhone drops calls and slows down repeatedly (not just here in the hinterlands of new 3g Midland, but Austin, Dallas and Fort Worth - it is a little better in Houston and a lot better in San Antonio).
Incomplete Sync - no notes and no tasks. No cut/copy/paste (my god, all those OS upgrades and they can't even deliver this basic functionality?) And let's not even go into no MMS, voice dialing, and 2-6 steps for everything you have to do (profiles anyone).
My point is not to bash iPhone, because it is a wonder, and if Apple will just let up on the brakes for developers, it will remain and expand its lead in the smartphone space, BUT RIM naysayers like Kramer are fools - shoot, even before iPhone 3g and the new aluminum Macs he was dissing Apple so bad the stock has taken a 50% haircut this year. The shame of the whole situation is that reality TV nuts find a guy like Kramer entertaining and might just follow his advice...
He said boom!
He said boom!
Is it me, or does he look
Is it me, or does he look like he's going to barf all the way through this interview?
If you take stock advice from a man like this, you pretty much deserve whatever is coming to you.
All hail the idiot...
While I don't believe everyone of these analysts is an idiot i do believe that WAY too much emphasis is placed on what they have to say. The speculation of a seemingly educated man/woman has nothing to do with business trends yet as we've seen Mr. Greenspan, or even the moron in question, has been able to make real-time changes in trading.
This is an incredibly difficult job that requires some serious sack and the one thing i have to credit Kramer with is his ability to talk on national television after the whole Bear Stearns shit-show. I'd be living in a van down by the river so i wouldn't have my knees broken and tossed down a flight of stairs by an angry once-was investor.
That being said, anyone who is willing to lend an ear to this man should invest in wall. I hear that they retain their value, offer shelter and provide a solid place to repeatedly bash your head into for lack of anything else better to do...
This douche called a bottom
This douche called a bottom in the market about 4-5 months ago. He is a fool...with a stupid shirt.....that should have gone and barfed, or farted, or burped or taken care of whatever was wrong with his bodily functions before this interview. Cramer I pronounce you Douche of all Douches....what a hack!