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Palm Valuation Not All It's Cracked Up to Be

John Paczkowski in News on July 20, 2009 at 12:22 pm PT

With Palm’s shares up more than 900 percent since January, two things are clear: Palm’s Pre and webOS operating system are nothing short of a triumph and the run-up in Palm shares is most likely a wee bit overdone. In a research note issued Monday, Jesup and Lamont analyst Kevin Dede says as much, arguing that the company’s shares are overvalued, particularly in light of Pre returns.

Palm Valuation Not All It’s Cracked Up to Be

John Paczkowski in News on July 20, 2009 at 12:22 pm PT

With Palm’s shares up more than 900 percent since January, two things are clear: Palm’s Pre and webOS operating system are nothing short of a triumph and the run-up in Palm shares is most likely a wee bit overdone. In a research note issued Monday, Jesup and Lamont analyst Kevin Dede says as much, arguing that the company’s shares are overvalued, particularly in light of Pre returns.