2010: Year of the Palm? Maybe Not…

Evidently, Palm is not quite as well-poised for growth in 2010 as once thought. In a note to clients this week, Bank of America/Merrill Lynch analyst Vivek Arya–who last November praised Palm as “a company with an attractive platform, selling into a high-growth market”–has reconsidered his position.
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2010: Year of the Palm?

The Pixi, the Palm Pre’s diminutive smart-phone sibling, arrives at market a few days from now (Nov. 15), and despite some potential pricing confusion with the Pre, analysts expect it to be another catalyst for the company’s comeback. In a note to clients today, Bank of America/Merrill Lynch analyst Vivek Arya said Palm is well-poised for growth in 2010.
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Research In Motion: Estimates Coming Down

Across the board, estimates for Research In Motion are coming down, with analysts citing factors such as a late launch for both the Bold and the Storm, increased competition from the iPhone, and weak consumer demand projected for calendar Q4. Overall, states UBS analyst Maynard Um, “We do not expect RIMM to be immune from the weakening economy.”

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Nortel: Another Day, Another Downgrade

Merrill Lynch telecom equipment analyst Vivek Arya cut his rating on Nortel today to Underperform from Neutral, and cut his price target to $7 from $8.50.