Tuesday, July 29, 2008

Palm (NASDAQ:PALM): Very positive channel checks - JP Morgan

PALM: JP Morgan out very positive on PALM saying their channel checks at more than 20 Sprint and Best Buy Stores yield a consistent takeaway: there aren’t enough Treo 800Ws to meet demand. Firm is raising their F1Q09 estimates to above consensus. Reits Overweight.

Notablecalls: Rhymes with RBC Capital (see below).

1 comment:

the finance ninja said...

if PALM follows the same uptrend it did last year after plummeting 6 months back it should double in price by october. it seems most tech stocks in a good year double by end of sept. technically it is finally becoming neutral and slowly breaking its wave. though i think its pda phones have no chance against the iphone or blackberry.