What a difference a year makes… Last year when looking at Fortune’s 100 Fastest Growing Companies, Research in Motion topped the list. This year, however, RIM has dropped down to 33rd on the list. RIM has dropped from 1st o 9th on the Fastest Growing Technology companies as well.
Something tells me that unless we see some major changes in the direction that Research in Motion is going we will see another big drop on the 2011 list assuming RIM even makes the cut. When it comes to consumers that buy smartphones, unless you just want a BlackBerry, there are much more compelling options available. Depending on which report your read most BlackBerry users don’t even want new BlackBerry devices. That can’t bode well for RIM…
[Via CNNMoney.com]
Well, we knew someone was going to acquire Palm at a basement bargain price. I hoped that it would be RIM, thought that it would be HTC or Lenovo, but, it looks like the spoils are going to HP.
[Press Release]
This probably doesn’t come as much of a surprise to anyone but, maybe, CEO Jon Rubinstein, however, the inevitable Palm buyout is imminent. According to Bloomberg, Palm is working with Goldman Sachs Group Inc. and Qatalyst Partners to find a buyer, although the company has not officially said that they are doing so as of yet.
The big question for everyone is who will the buyer be? Both HTC and Lenovo have expressed interest. I’ve been saying for years that RIM should have picked the company up if for nothing more than the intellectual property. My guess is that there are a few big companies that might be interested.
Who do you think will buy Palm? Whomever it is will get on heck of a consumer oriented mobile operating system in webOS.
If you’ve read more than 2 or 3 posts here on RIMarkable, you’ve probably gathered that I am a pretty big fan of the BlackBerry. Some would even call me a BlackBerry Fanboy… That being said, I recently bought a Palm Pre Plus from Verizon. I’d be willing to bet, however, that it was for reasons other than what you are thinking…
To make a long story short, if you are at all interested in a Verizon MiFi 2200, strongly consider the Palm Pre Plus or Palm Pixi Plus as an alternative…
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When it comes to U.S. based mobile web traffic there are really only two players in the game. The iPhone sits atop the hill with over 40% total share and Adroid is right on the iPhone’s heels just a few percentage points behind. The other dogs in the race, Palm and Microsoft, simply don’t hunt and what’s really telling is that the BlackBerry, even though it’s the number one smartphone in America, has seen a ridiculous decline since October, 2008 when it was just a few points behind the iPhone.
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There are have been a lot of rumors floating around the web as to whether the Palm Pre Plus and Palm Pixi Plus were just going to be delayed coming to AT&T or canceled all together. Palm today officially announced that both the Pre Plus and Pixi plus would be landing on AT&T, so, we know that they are coming, however, no definitive launch date has been given, so, we just don’t know when.
Both the Pre Plus and the Pixi Plus has $100 mail-in rebates on them and will cost your $149.99 and $49.99 respectively.
[Full Press Release]
This is just a quick little poll that I probably should have included with my Note to RIM post that I wrote earlier today.
[poll id="9"]
As some of you long time RIMarkable readers may know, I am on the record several times stating that Research in Motion should buy Palm. The last time that I felt strongly about this was back in late 2008 before webOS came out and Palm’s stock price was down under $2.00.
Even though webOS is a strong mobile operating system, in my opinion, Palm just can’t seem to get right when it comes to running the company. Their stock price today (at the time of this posting) is down 19% or so to $4.60 and the downward spiral, according to some analysts, is going to continue downward to $0. (I’ve never heard of a $0 target before)
I will go on the record again…
Research in Motion should buy Palm!
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Palm reports today the COB and it is expected that they are going to have a pretty big miss on earnings… $0.43-$0.48 per share. Normally you would see companies stock price in this situate tank, however, Palm has been on an upward journey most of the day. The reason for this, I’m guessing, is that Palm is a prime takeover target about right now and the rumor mill is churning.