Sunday, June 01, 2008

Google and RIM on Rise

Doron's Take:

Wow, if there's two technology stocks that don't seem to be phased by the current economic downturn, it's definitely Canadian based Research in Motion and Silicon Valley's Google. At the end of last week, Google gained almost 15 dollars to close at $583.00 and RIM (maker of the BlackBerry smart phone) rose over a dollar to close at $138.98.

In another side piece of news, Apple's new iPhone will likely go on sale on June 18th according to various reports, while phones running Google's Android operating system aren't set to launch until late summer or fall. So it's in Google's best interest to do whatever they can do now to woo audiences. If people like what they see, they might wait for Android phones before they decide which, if either phone, to buy. So at Google's developer conference last week, they demoed some sneak peeks of Android to entice people to wait and not buy the latest 3G iPhone.

What about you? Will you wait till the Google Android phone are out or are you a hardcore Apple supporter that couldn't care to wait?

No comments: