“Canaccord Adams analyst Peter Misek said in a note to clients that he thinks the impact of Apple’s software development kit is neutral to RIM and maintained his ‘Buy’ rating and $150 target price for the stock,” The Associated Press reports.
“‘Microsoft, with Windows Mobile/ActiveSync, Nokia with Intellisync, and Motorola with Good Technology have all fared poorly in the enterprise. We have no reason to expect otherwise from Apple,’ he said,” AP reports.
Full article here.
MacDailyNews Take: iCal’ed. With a bullet.
Apple has quite the amusing propensity for flushing brain-dead analysts out of the woodwork. Careful, they scatter in the light.
Related articles:
In-Stat analyst still not sure if Apple iPhone is a ‘smartphone’ – March 07, 2008
Apple casts withering gaze upon RIM – March 07, 2008
High demand for Apple’s iPhone SDK bogs down servers – March 07, 2008
Computerworld: If you think Apple’s iPhone is popular now, just wait – March 07, 2008
Apple’s iPhone, iPod touch moves herald ‘gold rush’ for developers – March 07, 2008
Get ready for two-decades of mobile domination by Apple – March 07, 2008
iPhone 2.0: Apple turns both the PC and mobile communications industries upside-down – March 07, 2008
iPhone 2.0: Apple shows world how to create and grow a platform – March 07, 2008
Apple’s iPhone SDK far exceeds developer expectations – March 06, 2008
Salon: Apple’s Steve Jobs goes long way towards cementing iPhone as leading mobile platform – March 06, 2008
Apple posts QuickTime video of iPhone Software Roadmap Event – March 06, 2008
KPCB launches $100 million iFund for Apple iPhone application developers – March 06, 2008
Apple CEO Steve Jobs’ post iPhone Event Q&A – March 06, 2008
Apple announces iPhone 2.0 Software Beta; Includes SDK, built-in Microsoft Exchange ActiveSync – March 06, 2008
Apple iPhone to battle RIM Blackberry for corporate users – March 03, 2008
ChangeWave survey shows Apple iPhone making business inroads; RIM, Palm drop in satisfaction ratings – February 29, 2008
Here we go: Apple vs. RIM – February 27, 2008
Apple’s iPhone gaining ground on RIM’s BlackBerry – February 16, 2008
Amazingly dumb.
I can’t believe that there are still morons like these out in the wild.
He’s actually correct.
At least until June . . . .
Hum, neutral… Just because they coudn’t dare say: “insignificant”. That would have be too much of a lie!
Motorola with “Good Technology” is not in the same league as the Microsoft ActiveSync with its huge install base of Exchange. No comparison.
That’s the company line over their at Canaccord while they quietly unload all the RIM stock they are holding.
until June it is, then all hell is gonna break loose.
WTF, neutral to RIM? Has this guy lost his mind and who exactly would give this guy money or a job?
This was by far the best one of the day. It’s Friday, I need a drink now.
The only major force they’re still missing is Lotus Notes. But I’m not worried about IBM making the grade.
Unless they suffer from delusions of grandeur, RIM collectively wet their pants yesterday.
HMCIV,
IBM to bring Lotus Notes email to Apple iPhone, iPod touch; Lotus Symphony for Mac
Another idiot “analyst”…
CR
“neutering”, not “neutral”. It was just transcribed wrong.
“Peter Misek said in a note to clients that he thinks the impact of Apple’s software development kit is neutering to RIM “
There, makes sense now, doesn’t it?
Ohhhhh I love it when these people are shown to be fools in 6-18 months. Unfortunately, it seems that their employers have a much shorter memory.
Now if Apple introduced a similar SDK for the TV…
One environment to review, purchase, download, install and run games, widgets, movies, etc in the den, office, living room and on the bus.
I just sold my measly holding of RIMM …looking at the 28% number for Apple vs. 43% for RIMM, which numbers are for the US only, I can see them tending to reverse later in 2008. For Research In Motion its current product line is everything; for Apple, the iPhone has great potential but the company isn’t dependent on one product line. But, inertia is a major factor that will slow down RIMM’s decline, plus it has coverage in countries where Apple is not. It will take a few months for Apple’s iPhone superiority to gain traction in the RIMM market, as it were.
Wow, I haven’t ever seen so many dumb remarks in one day. I agree with igads, time to drink
@Towertone
Oh gawd, that was perfect. A great way to finish off a Friday!!
Translation to the Street: Don’t short RIMM until we’ve had the chance to quietly dump our holdings.
MDN: “Careful, they scatter in the light”
Time to spray some analysticide?
It’s more neural to RIM.
So . . . who here will be shorting RIMM in the near future?
Seems like the FUD machine is already at work. Let’s see, FUD tried to derail the iPhone…that didn’t work. Now, their BACK led by the FUD leader Ballmer. What’s funny to me is MS license their software (yes, they are whores) while poo-pooing the iPhone. What a circus. By August the dust ought to start settling on these Morons brains.
In the presentation, that cartoony diagram with a phone that looked suspiciously like a Blackberry was great. It made light of the recent and recurring RIM outages without specific names.
RIM isn’t some evil-doer that deserves to be pilloried, as though it’s an MS clone.
It’s not enough for the iPhone to be wildly successful. You want it to destroy, as well.
Who are the MS clones now?