Verizon Endeavors to Sell the Pre in Six Months
Comments today from Lowell McAdam, Verizon Wireless's President and CEO, seem to the carrier is eager to offer the Palm Pre once the Sprint exclusivity contract expires. Reuters is reporting that Mr. McAdam made comments during a webcast today that:
"Verizon Wireless plans to start selling Palm Inc's Pre and a new version of the touchscreen BlackBerry Storm in about six months"
This news marks the second major US carrier to pre-announce their intentions to offer the highly anticipated Palm Pre. AT&T's CEO commented along similar lines on Wednesday. Sprint's exclusive deal on the Pre will supposedly expire at the end of 2009.
For longtime Palm watchers this development is quite a surprise as these two carriers have typically dragged their feet when it comes to offering new Palm devices. While T-Mobile has not offered a Palm device since the Treo 600, AT&T and Verizon have typically offered the latest Palm devices many months (if not years) behind Sprint. Of course, the comments could also be taken as defensive measures given that the CEO's are trying to prevent any customers they can from jumping ship to a competing carrier.
Shares of Palm Inc stock are up nearly ten percent on the comments today. At the time of publication, PALM is trading at 11.49 up 0.96 (9.12%) on the day. Shares of Sprint have taken a slight hit but are mostly even on the day at 5.06.
Article Comments(6 comments)
- RE: Anyone else still on Palm...??!? -richf
- RE: The iPhone X reveals why Tim Cook was so mad about Palm -richf
- RE: Anyone else still on Palm...??!? -tl47
- Anyone else still on Palm...??!? -tl47
- RE: Picking up a Pre 3 -tl47
- RE: Palm brand will return in 2018, with devices built by TCL -dagwud
- RE: Palm brand will return in 2018, with devices built by TCL -Tuckermaclain
- RE: Palm brand will return in 2018, with devices built by TCL -hkklife