Monday, December 28, 2009, 6:25AM ET - U.S. Markets open in 3 hours and 5 minutes.

UPDATE: A representative of 23andMe confirmed that Mohr, Davidsow did sell its stakes, but it predated this round of funding.
It’s just weeks before the long anticipated launch of the Palm Pre, and the smart phone wars are raging. And Verizon’s recent buy-one-get-one promotion has finally given the Blackberry Curve an edge over the iPhone, according to new first quarter stats from the NPD Group.
RIM’s consumer smart phone market share increased 15% in the quarter versus the fourth quarter of 2008. Between its devices, RIM now has nearly 50% of the consumer market. Apple and Palm each declined in share by 10%. But with more big announcements coming this summer, don’t expect this to be a permanent trend. The iPhone was second to the Curve, the BlackBerry Storm came in third place, the BlackBerry Pearl in fourth and the T-Mobile G1 was in fifth place.
Ok, Palm, the stage is
more than set. Let’s see what former Apple product whiz Jon Rubenstein, $425
million from Elevation Partners,
and two years of work on the Pre can do.
As for Microsoft, ZDNet
bloggers are pointing out that the rise of all these mobile computers are even
more bad news for the company that used to be in the middle of the information
technology revolution.
Remember
23andMe, the startup that helps you decode your genes?
The company has raised another $11 million in funding according to regulatory
filings, a little less than half of a hoped for $24.26 million round.
Its first round of funding caused a bit of controversy in the Valley
thanks to a cozy investment by Google and Genentech. 23andMe is co-founded by
Anne Wojcicki, the wife of Google co-founder Sergey Brin, and Genentech’s chief
executive (pre-Roche acquisition) Art Levinson is also on Google’s board.
Turns out there is drama in this round too. Existing investor Mohr
Davidow Ventures has divested its stake in the company after investing in
Navigenics—a direct competitor to 23andMe.
While losing an
investor isn’t great news, it’s not necessarily cataclysmic either. I’m betting
23andMe can find new pockets—or revisit its founders’ pockets if necessary.
Of course the biggest tech story of the day was the speculation that
Amazon is launching another, larger-format Kindle on Wednesday. The
chatter settled less on the device itself and more about whether it could help
save the media business. Here’s our discussion with blogger Om Malik about it
here.
But it seems, for this week at least, The Boston Globe doesn’t need saving. The New York Times was able to come to terms with six of the seven unions. The holdout is the writers’ union. What exactly are they thinking in a job market like this one? Henry Blodget isn’t quite sure. Also, here’s Warren Buffett on the absurdity of newspapers competing with digital formats.
i mean, really....if you have to give your phones away for free, are you really beating anybody? how do you consider this an edge?
Yes, credibility of information seems to be a problem in the Market today, thus the Sarbanes Oxley Act of 2002, was to cause Co's to get outside Audits. RIMM is not the only co guilty of such violations, but, as a Financial Advisor, has advised, it is common, neither "admit or deny" the violations, get fined , and move on to the next investor. Is this how Mr. Madoff operated? Buy US!
Since Oct 08 the Fundamental approach to Stocks has diminished in quality, if not value. Daily SEC Litigation filings were brought to my attn, now part of my Fundamental, and Sector analysis. If we make money is it OK to accept fraud? I like Microsoft, and Apple!
Talk to Apple, do they agree that RIM has 50% of the consumer market? Yo! Credibility is the issue? KKD also had some SEC problems as of late?
Watch The Obama Deception it will open your eyes.
The name may be the same for many of the responses, but it should be noted, that the sources are different people!
Both blackberry and Iphone are made in China
The SmartPhone market's also getting commoditized. Since we are in a recession, folks are canceling their landlines and VoIP and switching to or grabbing a better phone for their cellphone. This is because cellphone is an all-around useful device - at home, on the go, long distance calls, text, internet, ... everything. I guess the thought is: If I have only one phone, let it be a good one - a Smart one. Once that mega switch is over, it probably is already, the smartphone sales would come crashing down in an already commoditized market. The final nail would be when Nokia manages to bring a nice one to the market. How to Play it: Buy long term put options on the device makers, because shorting the stocks could be a disaster as they are pretty volatile.
As an almost final nail for this week, the Market dipped after the Gains of Monday. Why is this no surprise, the Market is getting predictable, and the Statistics coming out of the Industry for Phones are becoming questionable due to sources? Claim, revise, and deny later? Sort of like the current Earnings reports? Cash rules!
yfu. monday @11:43pm. you should have been in bed by then and slept it off. you must have had too much to drink, or you are drunk on hate, man.
An article on another site happened to mention that the two quarters compared by NPD are NOT the same. Apple follows "normal" quarters and its quarter ran from Jan-March. RIMM's figures are based on December-February. How can they come to any reasonable conclusion about sales when one includes the biggest holiday month of the year and the other doesn't??? Similarly, the report would have been a lot more useful if NPD had not included the units that were GIVEN AWAY by RIMM as part of its "sales."
Another bogus claim that RIM is outdoing Apple. Nothing could be further form the truth. RIM is running scared, that is the only reason for the (unsuccessful) 'storm'. At this point, many a sane person is waiting for the next iPhone. Also, RIM's quarter included give-aways and December, Apple's is all post holiday (when the worry over the recession intensified). I suppose it's a good headline for grabing clicks, but there is really no truth to it when you look at the details.
Another bogus claim that RIM is somehow outdoing Apple. Nothing could be further form the truth. RIM is running scared, that is the only reason for the (unsuccessful) 'storm'. At this point, many a sane person is waiting for the next iPhone. Also, RIM's quarter included give-aways and December, Apple's is all post holiday (when the worry over the recession intensified). I suppose it's a good headline for grabing clicks, but there is really no truth to it when you look at the details.
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Yahoo! Finance User - Monday May 04, 2009 07:15PM EDT
This article shows either the writer has not done the Homework, or, condones Fraud, of the Stock Market. Ref: RIMM, SEC Litigations, #20902. Feb 17, 09, whereby the SEC prosecuted this company for Antifraud violations, covering period, 1998-06. This Company grew on bogus information supplied to Auditors, SEC, & S&P500, thus the Pundits touted this Company. What is the true value of this stock, and has it been re-conciled for the violation period? Why was the Fraud needed in the first place? No company value? If the SEC is in error please correct them?