So, the long-awaited iPhone is finally out, meaning us bloggers can get back to writing about other things. No, probably not, as there seems to be more iPhone news than ever, combined with a slow holiday week with little else is going on.

So I'd like to take this opportunity to discuss Apple Inc's (NASDAQ: AAPL) valuation. Specifically I would like to reflect on a comment I received from a commentor named "George" from a previous post I wrote about the iPhone. In the post, I brought up some doubts about the phone, including price and the network it runs on.

Erik,

Your comments are both expected (from you), doomsaying and non-illuminating, all at the same time. It seems that you prepared for your column today by reading everyone elses thoughts on the value of Apple's stock, the sheer bravado of Apple to dare to come out with such a product that couldn't possibly work on a network that is clearly last tier annd their continued lack of success in the enterprise.

I think if I want an uninformed opinion on what Apple, the company or Apple stock is going to do maybe I should ask the other Buscemi...Steve

Research In Motion Ltd. (NASDAQ:RIMM), the maker of the BlackBerry wireless devices, on Friday filed a suit against Samsung Electronics Co. Ltd. for launching a smart phone named BlackJack. This would confuse customers, RIM claims, as well as "tarnishing, blurring, diluting, and/or disparaging RIM's reputation and goodwill."

The Samsung BlackJack is a smart phone that combines phone mobility with email and Internet access as well as a camera and a media player. It is powered by software from Microsoft Corp. (NASDAQ:MSFT).

Cingular Wireless, jointly held by AT&T Inc. (NYSE:T) and BellSouth Corp. (NYSE:BLS), and a longtime distributor of BlackBerry, started distributing BlackJack last month. This month, Cingular also started distributing a similar device to the BlackJack, RIM's new BlackBerry Pearl.

While taken separately, Pearl and BlackJack certainly sound different. However, I can certainly see how some consumers might confuse BlackBerry Pearl and BlackJack. Seriously, if this wasn't the intent of Samsung in the first place, I doubt the company would name its phone BlackJack. What's more, the phones are similar in looks. See for yourself: BlackBerry Pearl and Samsung's BlackJack.

On a different note, and following up on a previous story regarding RIM needing to restate their financial results, the company announced Friday that it intends to report preliminary operating results for its third quarter on Dec. 21.

The stock is off more than 12% of its 52-week high as concerns mount on Pearl encroaching on BlackBerry sales. RIMM was downgraded by a few firms recently based on valuation mostly.