Research In Motion (RIMM) Counters Apple (AAPL)

Investing

Published: July 18, 2007 5:21 am

Research In Motion (RIMM) is not standing still. It will introduce a new version of its Blackberry that runs on both cellular networks and WiFi. Odd as it may seem, the Apple (AAPL) iPhone also has a WiFi feature.

RIMM does not really compete directly with the iPhone. The Blackberry is more of a business tool used for e-mail. But, as texting becomes more popular on cell phones and WiFi is added to many, RIMM cannot afford to take a technology back-seat. Apple may well be looking to the enterprise market, which it never really cracked with the Mac, as a place to market a business version of its latest product.

And, RIMM is interested in markets outside of business. As Reuters writes: "Waterloo, Ontario-based RIM is trying to broaden the market for its smartphones by loading them with consumer-aimed multimedia features like video and music players, and cameras."

The larger trend here is the movement of handsets to a WiFi platform. T-Mobile is coming to market with phones that will allow users to call from their homes using WiFi, a move that could cut overall calling costs. While WiFi is popular for uploading music files and e-mail, it ability to send voice over VoIP software could cut into cellular providers’ revenue and margins.

RIMM and Apple may win, but the like of AT&T (T) Wireless may have a problem.

Douglas A. McIntyre

Travel Cards Are Getting Too Good To Ignore (sponsored)

Credit card companies are pulling out all the stops, with the issuers are offering insane travel rewards and perks.

We’re talking huge sign-up bonuses, points on every purchase, and benefits like lounge access, travel credits, and free hotel nights. For travelers, these rewards can add up to thousands of dollars in flights, upgrades, and luxury experiences every year.

It’s like getting paid to travel — and it’s available to qualified borrowers who know where to look.

We’ve rounded up some of the best travel credit cards on the market. Click here to see the list. Don’t miss these offers — they won’t be this good forever.