Research In Motion, the manufacturer of the Blackberry preannounced weak numbers for the November quarter. Their products are still in demand but perhaps consumers are slightly delaying purchases. Their new Storm model is in high demand but has been getting poor reviews as users have been complaining about typing messages on the newly introduced keyboard. RIMM is still a great company but its stock price is adjusting to a slowing economy. The key question now is whether Apple will also be hit by the cautious consumer.
More bad news was reported this morning as ADP forecast much weaker payrolls in November which also led to stronger worker productivity. The declining commodity markets have forced Freeprt McMoran to suspend its dividend and cut production of copper. This continued negative news will keep the markets weak this morning as it reflects the slowing economy.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment