A Bold Call to Buy RIMM Shares; We Say Buy Google

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The looming battle for smartphone/tablet supremacy is hotting up.Last week our hedge fund analyst columnist got a few dissenting comments when he argued that Android (powered by Google, GOOG)would win the smartphone/tablet wars, even surpassing the cult-like iPad Apple (AAPL) line up. Well, here is another bold dissenter --- a bold, crazy dissenter?

From MarketWatch: "SAN FRANCISCO (MarketWatch) — Forget Bernanke or Greece. The real news on Wall Street this week occurred when an analyst stuck his neck under the falling blade of Research in Motion Ltd. shares with an audacious buy recommendation.

"Arguing that the 60% plunge in shares /quotes/zigman/18534/quotes/nls/rimm RIMM -0.19% of the maker of BlackBerrys in the past four months already accounts for the weakness the Canadian company has reported in the past week, analyst Kevin Smithen of Macquarie Capital initiated coverage of RIM with an outperform rating on Wednesday."

One of the commentators to our story suggested that Android/GOOG would lose in a technology patent infringement case. I dunno. I know Apple has crazy loyal fans and it is something of a lifestyle statement, but Android is a quality product and may justify buying shares in GOOG. What say you?

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