Palm Stock Hits 52-week High
Shares of PALM hit a 52 week high today. The stock has recently been pumped up on strong Pre sales estimates and a positive reaction to the new CEO announcement. Shares closed up today at 14.38.
Pacific Crest Securities analyst James Faucette said sales to consumers so far appears to be stronger than anticipated. Mr. Faucette reckons that between 90,000 and 100,000 Pre's were sold within the first week. He further estimated based on demand and waiting lists that Palm could beat 500,000 units sold by August.
In his research note to clients Mr. Faucette further remarks "We believe Palm's WebOS is the most attractive asset in the wireless industry, but that it may be worth substantially more to a potential acquirer than that which Palm can realize through selling its own products over the next two years."
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Lost oppertunities
Crazy, how we all love Palm believe in the product...and then miss an oppertunity like that !
Sleeping with our shoes on !
Treo600>>Treo680>>Centro>>Pre
RE: Lost oppertunities
Still, I'm sure the "analysts" will be updating the stock to hold or buy any day now. That's the time to jump in. :-D
Pat Horne
RE: Lost oppertunities
RE: Lost oppertunities
RE: Lost oppertunities
Pat Horne
RE: Lost oppertunities
I do regret not throwing the tip to my brother-in-law who does work in the business.
Hey Palm! Where's my PDA with Wifi and phone capabilities?
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ROI
Hey Palm! Where's my PDA with Wifi and phone capabilities?