Palm: UBS Downgrades To Sell, Cites Competitive Threats
UBS analyst Maynard Um today cut his rating on Palm (PALM) to Sell from Neutral, with an unchanged $5 price target.
Um says the company is on track for some new Treo products in the August and November quarters, but that Palm faces an increasingly competitive landscape, with the pending arrival of the 3G Apple (AAPL) iPhone and the expected July launch of the 3G Blackberry Bold by Research In Motion (RIMM).
A Palm turnaround still relies on the success or failure of its new Linux product, he says, which won’t be launched before the first half of 2009 “at the earliest.”
PALM today is down 18 cents, or 3%, at $5.76.
buy apple!
Palm phones are nicer than ALL of the Blackberries, old, new and promised.
dead as a doornail
a long slow decline, very painful
crumble…crumble….
crash
I liked my Palm treo better than the Blackberry; and the Palm Zire and TX are nice. What a missed set of opportunities!
and thats why the stock is up AH
thanks, Maynard.
LOVE LOVE LOVE my Palm Treo. We’ve been playing, and I mean ‘playing’, with an iPhone the past month and although some of the games are fun, the functionality for business applications is not as ‘fun’ as it is on my Palm.
Palm’s only downfall will be their horrible battery life. I hope they fix that problem!
Ed Colligan must go, take good company and destroy, fist company to have touch screen phone and now is the last one on the market. He is the joke of the company, maybe he is there to destroyit. And battery life what a joke, after so many yrs new models only gets worst. I had Sony Clie yrs before Treo new models and i was eble to have wifi-why palm couldn’t. you need to buy new accesories avery 2 yrs, they keep chaning the conections. i can go on all nite, i rather to switch to new 3G iPhone nad finally retir my treo after 4 long yrs of nothing from Palm but borring.
Tech Trader Daily is a blog on technology investing written from Palo Alto, California by long-time Barron's West Coast Editor Eric J. Savitz. The blog provides news, analysis and original reporting on events important to investors in software, hardware, the Internet, telecommunications and related fields.
