December 17, 2009 in Financial (E)
[prMac.com] Los Altos, California - Crowd Technologies, Inc. provider of the stock prediction site Piqqem, today announced the sentiment results for Research in Motion and Palm ahead of their earnings announcement on Thursday, December 17. It appears that Apple's iPhone has been punishing both RIM and Palm in the market place and it is now clearly showing in their pre-earnings Piqqem Sentiment results.
"It is clear to me that Apple has completely disrupted the smart phone market and RIM and Palm are paying a heavy price." said Jett Winter, CEO. "We have seen RIM's sentiment drop by 15 pts in the quarter, while Palm's already weak sentiment tumbled another 18 pts heading into today's earnings announcement."
Piqqem captures, processes, and displays sentiment results by allowing its users to vote on the price direction of a stock and then applies its own propriety factors to calculate sentiment for a security. In their model, a scale of -100 to 100 is used with -100 representing the lowest level of sentiment and 100 representing the highest level of sentiment.
Sentiment for RIM:
* 08/31/09 : 34
* 09/24/09 : 37 (Q2 Earnings Release)
* 09/30/09 : 43
* 10/31/09 : 39
* 11/30/09 : 28
* 12/15/09 : 19
Sentiment for PALM:
* 08/31/09 : -15
* 09/17/09 : -13 (Q1 Earnings Release)
* 09/30/09 : -19
* 10/31/09 : -21
* 11/30/09 : -25
* 12/15/09 : -33
Jett Winter is CEO of Crowd Technologies, Inc. a company that develops applications that leverage the wisdom of crowds. Their first major application is Piqqem which captures, processes, and presents sentiment data on the future price and price direction of publicly traded securities. Piqqem provides five types of sentiment on securities: i) Price Directional ii) Price Specific iii) Demographic iv) Relative (Stock vs. Stock) and v) Time-Based. Copyright (C) 2009 Crowd Technologies, Inc. All Rights Reserved. Apple, and the Apple logo are registered trademarks of Apple Inc. in the U.S. and/or other countries.