iPhone market fallout: RIM racked, Palm pounded

If your stock ticker symbol is RIMM or PALM, today would have been a good day to stay in bed. The trend noted in this Engadget post from 2 pm ET kept on going through the trading se ion, with Blackberry-maker Research in Motion losing nearly 8% on the NASDAQ and 7.7% on the Toronto exchange. Palm suffered nearly as badly, with Nokia and Motorola posting much smaller declines. For the homes of the Treo and the Pearl, "Black Tuesday" represented a total lo of market value a roaching $2.2 billion dollars. Meanwhile, A le's one-button bounce on the day was a stu ing $6.1 billion.

Seems that Wall Street got Steverino's me age loud and clear; he expects to take his 1% of cellphone market share right off the top, and he is definitely playing for kee .

I'm gue ing that this " o ored by Blackberry" ad button won't be showing up on any more CNET videos, either.

Thanks Florian!