Cramer is Pumping RIMM?!?!?
As i’m watching Mad Money he is pumping RIMM. I find myself shocked… i mean truly shocked as to what he is saying about RIMM.
He is not mentioning the Option Expense issue. (they are probably the only company that is not discounted because of it, doesn’t he have a rule about accounting issues and buying a stock?)
He is not saying that their hardware sales were nothing special last quarter.
He is not saying MSFT exchange platform w/their mobile software is a real threat to their software growth.
He is not saying how the Pearl is truly a crappy phone, and will experience A LOT of returns from the ‘Prosumer’ market. (I know this as fact… my sister purchased the Pearl, and there was a reason why she got it for $50, w/contract. The phone is horrible, many software bugs, camera/picture quality is crap and it is not that easy to navigate. The only positive is that Pearl mouse is unique. Except the mouse causes most of the problems. If you don’t believe me call ur local T-mobile store or call Blackberry, tell them you are having problem with your Pearl… that calls not being received, when in your pocket or bag, and call waiting not working causing dropped calls. See what they have to say.)
Bottom line, RIMM is a good company because of their software. The software is what caused their quarter to be a good one, but they themselves admitted to a slower software revenue looking forward, and a greater focus on hardware. And right now, their hardware is NOT, by any means, special.
In fact as the new smartphones come out, the quality of the Treo seem soooo much better. The Treo is the best smartphone out there… by FAR. (And I am not speaking as a PALM sharehold, but as a consumer.)
