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Jim Cramer: RIM has lost it; estimate cuts signal end of leadership position (with video)

Wednesday, December 3, 2008 · 1:03 pm · 49 Comments

TheStreet.com’s Jim Cramer thinks the estimates cuts for Research in Motion signal the end of its leadership position:

Direct link to video here.

MacDailyNews Take: As if the Storm reviews weren’t enough to signal the end.

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49 Comments

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Chris

Wednesday, December 3, 2008 - 3:54 pm · Reply

I’m surprised no one has said “bloodbath” yet.
Jersey_Trader Rephrase

Wednesday, December 3, 2008 - 3:59 pm · Reply

Thank you, Jersey_Trader, you deserve paraphrase repeat.

The only reasons corporate uptake of iPhone is being stretched out over several quarters is that contracts need to terminate

AND

IT departments are dragging their feet as long as they can.

Why are IT departments dragging their feet as long as they can?:

The iPhone halo will drag OS X Macs into replace Windows and Vista disasters.

It takes 1/10th the IT support to service Macs.

That means 1/10th IT staff necessary and a lot of IT department layoffs.

IT people, your job security scam is over!
Roberto

Wednesday, December 3, 2008 - 4:05 pm · Reply

bladbooth
@ Jersey_Trader Rephrase

Wednesday, December 3, 2008 - 4:15 pm · Reply

I doubt that they’re sweating it too much.

Bring in all the Macs you want. They don’t run most enterprise apps, which makes them very stylish doorstops.

I’m one of them, and I wish I could bring in Macs. Fact is, they don’t run our apps. I’m not sure what about that you guys don’t get. Word and Excel do not an enterprise workstation make.
dan

Wednesday, December 3, 2008 - 4:16 pm · Reply

too bad Cramer is such a douche; otherwise his technical analysis might have some believeability. I think RIM has been rocked back on its heels by the entry of iPhone and other smartphone competitors into the business sector. I don’t think RIM is down for the count.
Growl

Wednesday, December 3, 2008 - 4:19 pm · Reply

The iPhone caters to a larger market than the Blackberry ever will. There are far more consumers, hipsters, trendy teens and whatevers than there are corporate drones. Try as they might, the Blackberry will never be “cool”. No teen is begging their parents for a blackberry this christmas, and no hipster 20-something is ever going to whip out a blackberry at a bar to impress people.

The Blackberry never “owned” the enterprise. They were the biggest single player for a while, but they were early to a market that is still wide open and far from saturated.
iLuvMyMacs

Wednesday, December 3, 2008 - 4:30 pm · Reply

WTF!

“I’m a huge believer in the iPhone but don’t buy Apple” ??????

So Mrs. Kennedy- other than what happened; how do you like Dallas so far?
tokeen

Wednesday, December 3, 2008 - 4:33 pm · Reply

Windows dominates the enterprise, large medium and small. When you take a job, whether you’re a senior VP, a project manager, an accountant, a receptionist, or you work in the mail room, you are issued a computer with Windows. That’s what “owning” a market looks like.

We’re not at a place in our culture where a new employee at a business is automatically issued a phone. Only top executives and roving IT support staff get that privilege. The vast majority of workers are left to buy whatever phone we want. The market is not saturated yet and “ownership” of the market by any player is not yet seen. It will take a few more years, maybe even a decade before it’s common practice for every employee no matter what they do to be issued a phone by their employer. And by that time, it could very well be an iPhone.
AA Attendee

Wednesday, December 3, 2008 - 4:36 pm · Reply

I would rather see a foreign company crash than an American one.
@ Jersey_Trader Rephrase

Wednesday, December 3, 2008 - 4:49 pm · Reply

CrossOver mac, Parallels and VMware don’t run yer apps?
ML

Wednesday, December 3, 2008 - 4:58 pm · Reply

apple should buy rimm!
BiZarRo BaLlmEr

Wednesday, December 3, 2008 - 5:00 pm · Reply

the iPhone can only get better, which is bad news for RIM
Roger Knights

Wednesday, December 3, 2008 - 5:14 pm · Reply

@ iLuvMyMacs:

You wrote: “WTF! [quoting Cramer] “I’m a huge believer in the iPhone but don’t buy Apple” ??????”

He’s explained what he meant in earlier shows, where he’s said that he’s bearish on the market as a whole, so he’s not happy recommending individual stocks, at least to non-traders. He’s also said that he thinks that Apple is a long-term play—18 months or so. (I guess he thinks AAPL needs to put in a long period of bottom-building after such a great decline as it’s had.)

IMO AAPL will recover more quickly. I think Apple will post high numbers for the Dec. quarter in its earnings report in late January, and will announce attractive new product upgrades on Jan. 5, which put together will should goose the stock to 120. Maybe more, because a wave of short covering (once the shorts had realized they’d made a wrong guess on the impact of the recession on Apple) could cause an upward spike to 135.
Crazylegs

Wednesday, December 3, 2008 - 5:15 pm · Reply

ML – amen! I have been a long time BB user and defender here on this board and after trying the Storm, I bought a 3G iPhone and am so far very happy EXCEPT battery life is TERRIBLE. BBs always had better battery life because RIM’s back end infrastructure moves data management to the network and the device only receives the exact amount of data required. radio transmits less, battery life increases dramatically. Until apple incorporates PA Semi chips into the iphone, they would actually be very well served to buy RIM and couple the nest delivery system/back end architecture with the best mobile device software. but it ain’t gonna happen! too bad.
Crazylegs

Wednesday, December 3, 2008 - 5:18 pm · Reply

ps – cramer is a clown. he’s been more wrong on this stock than anyone. now that he capitulated – it makes one wonder if everyone has. makes sense given that on a terrible news day for RIMM, it actually outperforms AAPL, who is supposedly kicking their butt.
larryennis18466

Wednesday, December 3, 2008 - 5:27 pm · Reply

Nobody saw it coming to Bear Sterns. He said 6 months ago we are in a economic downturn. Yesterday It was confirmed we have been in it for a year. He again said that the dow would go down in the 8 thousands or less. It went down to 7500 a two or three weeks ago. So 2 out of 3 is not bad. This guy knows what he is talking about. This is the beginning of the end for RIM.
Anxiously anticipatory 'Huh?!'

Wednesday, December 3, 2008 - 5:29 pm · Reply

Doesn’t

CrossOver Mac OR Parallels OR VMware

run all ENTERPRISE apps?
iLuvMyMacs

Wednesday, December 3, 2008 - 5:34 pm · Reply

@Roger

I’m not a trader as you probably guessed- thanks for the explanation. I know guys that bought in when AAPL was over $120 so I hope, for their benefit, that the long term speculation is correct.
@ Anxiously anticipatory 'Huh?!'

Wednesday, December 3, 2008 - 5:54 pm · Reply

And my boss’ answer to that would be:

“So, you want to buy Mac, then buy copies Windows and Fusion to run Windows in virtualization to run all our apps? WTF is the point of that? Why not just buy Windows machines for half the price?”

And I really have a tough time arguing that point. Virtualized Windows is still the same sloppy crap as native Windows. It’s a silly expenditure. The answer is to get the enterprise software companies to write Mac clients, which they’re in no hurry to do. We already give preference to companies that have actual working Mac clients, we moved TO Lotus Notes FROM Exchange for that very reason. (I said “working”, don’t bother me with BS about Entourage.)

So I hold my nose and buy Windows machines. It is what it is.
Mark C.

Wednesday, December 3, 2008 - 5:55 pm · Reply

Crazylegs,

MacDailyNews Review: Mophie Juice Pack for Apple iPhone 3G – highly recommended – October 14, 2008