RIM took a beating today on Wall Street. Bear Stearns lowered their price target for the stock and said competition from the likes of Microsoft, Nokia, and Motorola add to RIM's "risk profile." The timing is partly based on the upcoming CTIA conference where cellular companies often make new product announcements. (Watch for marketing slogans with the phrase "BlackBerry Killer.") But I also think the stock was hurting this week because of Paris Hilton's Sidekick getting hacked while the media kept calling it a BlackBerry.RIM's Stock Drops on Competition Fears and Paris Hilton
RIM took a beating today on Wall Street. Bear Stearns lowered their price target for the stock and said competition from the likes of Microsoft, Nokia, and Motorola add to RIM's "risk profile." The timing is partly based on the upcoming CTIA conference where cellular companies often make new product announcements. (Watch for marketing slogans with the phrase "BlackBerry Killer.") But I also think the stock was hurting this week because of Paris Hilton's Sidekick getting hacked while the media kept calling it a BlackBerry.
