(PALM) Palm, Inc. – Bear of the Day

October 13th, 2009

Although demand for Palm’s (PALM) Pre smartphone is growing, it is still selling a small fraction of Pre phones to smart-phones users and, in our opinion, most of them are already existing Palm customers.

We still expect the stock to underperform the market as RIMM and AAPL continue to expand market share, and phones based on the Android operating system enter the market.

We believe the maturing lifecycle of Centro, the slow ramp of its Windows Mobile-based product sales, and the time taken to add carriers to distribute its Treo products in the U.S. and global markets will continue to exert pressure on revenue and earnings.

Zacks Investment Research
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Read more on Palm at Wikinvest


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