Palm: Is Demand For The Pre Slowing Down?
Since Palm (PALM) to date has refused to give any hard data on sales of the much-ballyhooed Pre smartphone, the Street has resorted to some alternative methods to get a read on how sales are going. While the company still has plenty of fans, the sharp run-up in the stock combined with the lack of information has created a large pool of skeptics. The bears on the stock contend the evidence suggests demand has slowed considerably since the launch in early June–and that the stock is due for a fall.
Palm could clear up the speculation and rumor-mongering by simply providing hard numbers. But they haven’t done that. So as a public service, I’m passing some of the more cautious chatter about Palm now making the rounds on the Street: