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Technology Stocks : Research In Motion TSE RIM Nasdaq RIMM

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To: Glenn Petersen who wrote (785)12/27/2000 1:14:01 PM
From: JP  Read Replies (1) of 989
 
Excerpt from Palm press release...

"For next year, Palm is promising improvements to the operating system that will allow instant messaging as well as the always-on access to corporate email accounts now offered by the BlackBerry pager from rival Research in Motion. Those features will come packed in a new handheld that can deliver the wireless capabilities of a Palm VII and the smaller size of a Palm V".

Anyone who truly understands the technology market realizes that this is the 1st step of the commoditization of RIMM's products -- including their monthly service revenue (which makes up a very large portion of their total sales). This company is no way worth 5+ billion dollars (forward looking or not). A fair value would be somewhere along 5 times revenues at best.

I rarely short a stock but, for reasons stated above, I have chosen to short RIMM as a hedge against my long positions.

Good luck to all.

JP
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