Another silly RIM is 'like Palm' article
RIM stock bounce reminiscent of doomed Palm rally: UBS - The Globe and Mail
Philip is back with more RIM bashing and the same tired "RIM is like Palm" argument. Makes me think none of these people actually do a comparison at anything but a superficial level.
- 12-17-2012, 01:51 PM #3
No drama. Keep calm. Profit taking.
- CrackBerry Addict
12-17-2012, 02:13 PM #7
- 553 Posts
Anyone who believes making the comparison between Palm and RIM is in any way logical obviously has no idea what they're talking about and shouldn't be listened to or even given the time of day.
The next time anyone tries giving that comparison, just ask them what Palm's installed customer base was when they were launching the Pre. That alone changes everything and makes the comparison irrelevant.
- 12-17-2012, 03:19 PM #9
RIM like Palm? People are STILL making those arguments? I thought they had stopped after people finally saw how stupid they were....Guess Philip didn't get the RIM Basher's memo to move onto something else.
Proud Owner of a BlackBerry Q10
- CrackBerry Abuser
12-17-2012, 03:33 PM #10
- 112 Posts
As a newbie here, I'd like to know what the argument is. Could any of you link me to a thread that explains why RIM won't be another Palm? I am buying an L-series phone regardless, but I would feel better about it if I knew the company were to keep on living.
- 12-17-2012, 03:37 PM #11
Palm actually had a pretty solid product, unfortunately they ran out of cash before they had a chance to fully push it out. Last quarter RIM has $2.3 Billion in cash. Analysts calculate RIM needs about 2 Billion to launch BB10 and survive 2013. So unless ER shows that the cash reserves have been depleted, we're good to go.
When WebOS launched, Palm only had a few hundred million dollars and ran out of money. RIM's balance is in the billions
When WebOS launched, Palm's userbase was very, very small in comparison to RIM's 80 million users and they were only shipping a fraction as many devices as RIM is even now
When WebOS launched, Palm has quite a heavy debtload and their financials included ominous statements like "forced into bankruptcy" and "our ability to continue is a going concern". RIM has no debt whatsoever in comparison.
When WebOS launched, IIRC, Palm had fewer than 1000 apps in their app store. Rumours are that RIM will launch with excess of 100,000.
In short, RIM's in a better state to fight than Palm was. Palm ran out of money fast.
Nor do I buy "make or break". They could downsize further and focus on a niche. Remember RIM was 'on top of the world' with 10 million customers and a fraction of the employees, yet analysts declare them "bankrupt" at 80 million. They could merge. They could be bought. They could focus on services vs. devices.
Not suggesting it's easy or that they won't face challenges, but I truly don't buy into "OMG - they have one shot and that's it!!!!" thinking.
- CrackBerry Genius
12-17-2012, 03:52 PM #17
- 3,919 Posts
My personal opinion: they'll become a Windows Phone shop, after MS takes a big minority stake. In return, BES/BIS would become available for all WP.
- CrackBerry Genius
12-17-2012, 04:21 PM #18
- 1,799 Posts
- 12-18-2012, 03:27 AM #19
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