AllThingsD » Palm OS

Insert "Sirius Trouble" Pun Here

John Paczkowski — Wed, 11 Feb 2009 21:18:21 +0000

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Palm Shares Tumble; Morgan Keegan, Avian Downgrade

Eric Savitz — Wed, 05 Nov 2008 20:35:14 +0000

Palm (PALM) shares are down sharply this morning following downgrades of the stock by analysts at Avian Securities and Morgan Keegan.

Avian analyst Matthew Thornton cut his rating on the stock to Neutral from Positive. He says a survey of U.S. retail stores and discussions with management lead him to conclude that “smartphone units and sales are likely to come in below expectations for the next several quarters.” He also thinks the company will exit the May 2009 fiscal year with a much lower run rate for its Centro line, putting more pressure on new Palm OS products to meet or exceed expectations in fiscal 2010, “leaving less room for upside.” He cuts his price target on the stock to $5 from $9.

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Palm: Cowen Launches Coverage With Outperform Rating

Eric Savitz — Tue, 02 Sep 2008 16:47:44 +0000

Palm (PALM) shares received a boost this morning from Cowen analyst Matthew Hoffman, who launched coverage of the company with an Outperform rating. Hoffman asserts that the stock can appreciate more than 30 percent over the next 12 months.

Hoffman sees two catalysts for the stock ahead: a refresh of the “once-aging” Treo lineup, with new models based on Windows Mobile 6.1, and the much-anticipated new Palm OS, which he says “should provide increased product differentiation” by the end of the May 2009 fiscal year.

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