Palm’s hotly anticipated touchscreen phone the Pre, debuted June 6, after the close of the quarter, and an estimated 150,000 have been sold so far. Palm says it has shipped 351,000 smartphones in the quarter and booked a sell-through of 460,000 smartphones.
We are hearing rumors floating around that there could be a 350,000-400,000 unit backlog. PALM continues to run on the recent earnings release and we expect another P/R coming out very soon. We see $17.50 in short term and $20+ long term.
Market Club has a very interesting take on how PALM is playing out after the past news release. The “Trade Triangles” paint the picture. CLICK HERE and just enter the ticker (PALM) your name and e-mail address for the FREE No strings Attached Report sent realtime to your in-box!
