
The Fault Lies With RIMM

By Jim Cramer
About this article:
No, this isn't meant to be a bullish article. I am just trying to put Research In Motion in perspective because I think that people will confuse the greatness of the mobile Internet theme with the hazards of investing in the Blackberry maker.
First, you have to ask yourself, what really went wrong with RIMM? Was it demand? No, demand was strong. They actually guided to the upper end of units. The issue was average selling price because it has gotten more competitive out there.
That's where people went wrong -- average selling price. I think the main theme behind the tsunami-parts cycles, equipment cycles, backhaul needs, tower demands, are more on then ever. I do believe that the competitive landscape among the providers is going to get hotter and hotter which make predicting the worth of RIMM harder. But the darned thing is selling at 14...

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