May 24, 2006

See you Crackleberry - bummer!

I can't believe I have to kick out my tiny piece of RIMM stock. The product remains one of my all-time faves.

In the end, management did a horrible job managing the lawsuit no matter what anyone says - the stock price says so. Years of litigation and such a high price are being priced in after the settlement.

The new Motorola Q and coming Nokia Phone look cool enough for me to try and they will chip away at Blackberry future sales and may get converts willing to try - like me.

They probably lost so much time and momentum fighting and the real money senses it and is fleeing.

The first sign of stock trouble came when it closed below the post settlemt price. It is now below the price when all the worry centered on them losing the lawsuit.

Punted and bummed.

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