Technology Wars: Profit Confidential Investigates RIM vs. Apple
Popular financial newsletter Profit Confidential reports that there has been a change in leadership at Research In Motion Limited (RIM) after the resignation of the company's co-founders Mike Lazaridis and Jim Balsillie.
"New CEO, Thorsten Heins, who is also the former COO, is not drawing rave reviews on Wall Street. The company really needs a visionary and I'm not convinced that an operations specialist will be able to right the ship," says Leong.
The reality, according to Leong, is that Heins might be better than the RIM co-founders, but he is likely not like the late Steve Jobs or Richard Branson of Virgin Media, Inc. "Time will tell if Heins can offer something different," says Leong.
"As an investor, I would stick with Apple, the best of breed," says Leong. "Apple is the largest company in the world, with an astounding market cap in excess of $394 billion. By comparison, RIM's market cap of $7.64 billion is tiny."
According to Profit Confidential, Apple has $25.95 billion in cash and no debt. Leong notes, "Apple could easily take out RIM if it wanted to. But Apple doesn't have to do this, as its 'iPhone' and 'iPad' have garnered worldwide acclaim and are seen as sexy products."
"RIM's 'BlackBerry' may be dying a slow death," says Leong.
Profit Confidential, which has been published for over a decade now, has been widely recognized as predicting five major economic events over the past 10 years. In 2002, Profit Confidential started advising its readers to buy gold-related investments when gold traded under $300 an ounce. In 2006, it "begged" its readers to get out of the housing market...before it plunged.
Profit Confidential was among the first (back in late 2006) to predict that the U.S. economy would be in a recession by late 2007. The daily e-letter correctly predicted the crash in the stock market of 2008 and early 2009. And Profit Confidential turned bullish on stocks in March of 2009 and rode the bear market rally from a Dow Jones Industrial Average of 6,440 on March 9, 2009, to 12,876 on May 2, 2011, a gain of 99%.
To see the full article and to learn more about Profit Confidential, visit www.profitconfidential.com.
Profit Confidential is Lombardi Publishing Corporation's free daily investment e-letter. Written by financial gurus with over 100 years of combined investing experience, Profit Confidential analyzes and comments on the actions of the stock market, precious metals, interest rates, real estate, and the economy. Lombardi Publishing Corporation, founded in 1986, now with over one million customers in 141 countries, is one of the largest consumer information publishers in the world. For more on Lombardi, and to get the popular Profit Confidential e-letter sent to you daily, visit www.profitconfidential.com.
Michael Lombardi, MBA, the lead Profit Confidential editorial contributor, has just released his most recent update of Critical Warning Number Six, a breakthrough video with Lombardi's current predictions for the U.S. economy, stock market, U.S. dollar, euro, interest rates and inflation. To see the video, visit http://www.profitconfidential.com/critical-warning-number-six
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Categories: Finance
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