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).
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.
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