Useless News Of The Day: RIM (RIMM) Blackberry Can Be Used To Trade Stocks (AAPL)(GOOG)(SCHW)(AMTD)(NOK)(ETFC)

Posted: June 5, 2008 at 4:42 am

It is almost impossible to understand why business people could not use their RIM (RIMM) Blackberry devices to trade stocks until now. The Blackberry can run e-mail applications and the new versions can be used to browse the internet. Other similar devices from Apple (AAPL), Samsung, and Nokia (NOK) can be used as little TVs and GPS devices. Google’s (GOOG) mapping feature works on most of them

Today, E*Trade (ETFC) announced that people with a Blackberry can trade stocks while they are walking around town, having lunch, or riding in a car. The AP writes that the new application "will allow users to trade stocks and options, set up portfolio watch lists and get news."

Since E*Trade (ETFC) almost went out of business when it was caught holding too many mortgage securities, perhaps the product will give it an edge over rivals Schwab (SCHW) and TDAmeritrade (AMTD). But, it is likely that one of them will set up a deal with the Apple iPhone.

Then, it won’t matter.

Douglas A. McIntyre

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