No big deal

steveballmer — Wed, 06 Aug 2008 21:56:26 -0700

No big deal people!

http://fakesteveballmer.blogspot.com

Research in Motion stock dips below $95 by end of August 2008

David Kuan — Tue, 22 Jul 2008 09:37:45 -0700

&amp;amp;amp;amp;lt;a href=&amp;amp;amp;amp;quot;http://finance.yahoo.com&amp;amp;amp;amp;quot; mce_href=&amp;amp;amp;amp;quot;http://finance.yahoo.com&amp;amp;amp;amp;quot;&amp;amp;amp;amp;gt;Yahoo! Finance&amp;amp;amp;amp;lt;/a&amp;amp;amp;amp;gt;&amp;amp;amp;amp;lt;br /&amp;amp;amp;amp;gt;&amp;amp;amp;amp;lt;a href=&amp;amp;amp;amp;quot;http://finance.yahoo.com/q?s=RIMM/&amp;amp;amp;amp;quot; mce_href=&amp;amp;amp;amp;quot;http://finance.yahoo.com/q?s=RIMM/&amp;amp;amp;amp;quot;&amp;amp;amp;amp;gt;Quote for RIMM/&amp;amp;amp;amp;lt;/a&amp;amp;amp;amp;gt;

Judgment on August 30, 2008: RIM's stock price closed on Friday, August 29, 2008, at a respectable $129.37 - far higher than when this prediction was published. The community correctly predicted this outcome. Judged at 0%. -- The Industry Standard

Original prediction:

After the closing bell on Wednesday, June 25, 2008, the maker of the popular BlackBerry line of smart phones, Research in Motion Limited (RIMM ), issued a very optimistic financial report concerning the previous quarter:

Revenue came in at a record US$2.24 billion for the quarter that ended May 31, up 19% from the previous quarter and 107% from a year ago. Nearly all of it (82%) was from the sale of RIM's proliferating family of BlackBerry smartphones. The company shipped about 5.4 million devices in the quarter.

But the company also issued a lower-than-expected earnings forecast for the current quarter, during which it will come under increased pressure from competing products such as the faster, cheaper iPhone 3G, which hit the market on July 11, 2008.

As reported by MarketWatch on June 26, 2008:

Shares of Research In Motion slid more than 10% in early trading Thursday, a day after the wireless device maker signaled that future earnings may come under pressure as it ramps up spending to sustain its breakneck growth rate.

RIMM's current stock price is hovering around $111 US as of this writing, however it has been as low as $66 as recently as August 11, 2007.

This is a prediction that RIMM's stock price will dip below $95.00 per share by end of August 2008. The stock does not have to close below $95.00 per share; it can dip below the $95.00 figure during intraday trading.

The Industry Standard - Research in Motion stock dips below $95 by end of August 2008 - Comments

No big deal

Research in Motion stock dips below $95 by end of August 2008