We're All Out of Smart Phones. Still Got a Bunch of These Dumb Ones, Though.

Turns out Apple (AAPL) isn’t the only company whose smart phones are in short supply this spring. According to Morgan Keegan analyst Tavis McCourt, Research in Motion (RIMM) and Palm (PALM) are suffering shortages as well.

In a research note, McCourt says RIM’s BlackBerry Pearl is pretty tough to find these days–online and off. And Palm’s Treo 755p has disappeared from Sprint’s shelves entirely. Customers looking for one must either settle for the Palm Centro or wait until the company releases the next iteration of the Treo 755p or the Treo 800w.

As McCourt notes, shortages like these are bad news for RIM and awful news for the downtrodden Palm. “The abrupt disappearance of the Treo 755p at Sprint is somewhat concerning,” observes McCourt. “This product was selling reasonably well and, although we expect its contribution to be marginal following the 800w’s launch this summer, the 755p’s absence at Sprint clearly means Palm is foregoing some near-term sales opportunities.”

It’s worth noting here as well that Apple is still dealing with a pretty lean inventory of iPhones. McCourt says about half of the Apple stores he contacted had the device in stock. Said McCourt, “While we believe this is related to a product transition, current iPhone shortages are almost certainly causing some degree of missed sales opportunities.”