RIM: the end of an era...not quite

RIM, the maker of the imfamous Blackberry, has been under a lot of scrutiny lately for falling behind other phone makers like Google (Android) and Apple (iPhone). Personally, I think investors are being a little tough on RIM. With a P/E ratio of 12x, much below its fellow industry rivals, RIM is the stock set to appreciate. People are far too caught up in the hype of advertising from tech giants like Google and Apple, which have inflated P/E multiples of over 20x earnings. Although there is high competition in the phone software business, I think many people are forgetting the innovation that RIM is capable of and their stock has been hit far harder than it should have been in the past couple months. RIM's launch of its new model phone will put RIM back on the right track, and make of its critics look stupid. Be prepared for a RIM comeback by the end of the year.