RIM IN PL:AY Three months ago everyone was writing off Nokia also. It has had a nice bounce off the bottom. People fail to forget that RIM has dedicated billions to the new operating system PRIOR to its current demise. Analysts then say RIM will not be able to deliver with its reduced head count. Its almost as if they are trying to negate all the contributions of the personnel who worked on this prior to the pink slips. This is how analysts spread misinformation to a bewildered public.
The fact remains that within a week we had rumours of Samsung and now a new IBM proposal on the table. Whose next? Miscrosoft, Apple, Amazon, Facebook, sovereign wealth fund???? Love then or loathe them black berry is a broken but not a busted brand. It has dominant share in the emerging markets. Moreover new CEO Tim Cook has not impressed the street with two misses in a row. Alot of people are saying Appl'es designs for all of its products all look the same. There have been hackers in the cloud as well. Finally, there are numerous allegations that at the FOXConn plant in China readily employs child labour.. I am not here to confirm or deny, but these "inklings " are like catnip for top notch investigative reporters. America likes a winner but they do not like smugness and right now Apple looks smug to alot of people, VPO included.
So you have the makings of a perfect storm, Apple priced for perfection but showing dents in the armour and Black Berry now being the underdog that everyone wants to cheer for. The long and short of this is that RIM is a coveted asset to any potential acquirer . I am of the opinion the Company will get through 6 more measly months before its new operating system wows the world. It does not have to ignite sales records, only to reverse the trend. For the tiny David to do that against the Apple Goliath will command respect in the market place that RIM is back. And the new American president will be Mitt Romney, the poster child for corporate bluebloods. This is enough for all people to dislike the in your face Apple brand to the emerging markets. Romney has made a career of China bashing and this arrogant goat of a man is the best thing to temper and cool the adulation of American brands.
Greed is good. And when the greedy people sell APPLE because it is trading sideways and RIM is taking off, well u can connect the dots. The hedge funds that are raising targets on Apple are dumping it and buying RIM while it is still cheap. Cook continues to stumble and RIM rights the ship and we have a defining moment. Its underway folks, second inning starts next week.