http://www.thestandard.com/node/128989/comments comments feed. en Palm shares hit $12? http://www.thestandard.com/predictions/palm-shares-reach-12 <p> <p> </p> <p>Palm is banking on the upcoming launch of the Pre to revive the smartphone maker. Based on <a href="http://gizmodo.com/5126702/palm-pre-preview-simply-amazing">early rave review</a>s and a promising mobile platform called webOS, <a href="http://biz.yahoo.com/ap/090313/palm_ahead_of_the_bell.html?.v=2">one Wall Street analyst upgraded Palm shares from $5 to $12.</a> Palm's shares <a href="http://finance.yahoo.com/q?s=palm">closed at $8.09 on March 18</a>, a day prior to the company's quarterly earnings. </p> <p>in early March, Palm sold off more than <a href="http://www.businessweek.com/ap/financialnews/D96R80380.htm">23 million shares at $6 a pop to raise cash</a>. Palm made $84 million to keep operations going until the highly-anticipated Palm Pre arrives. The question is whether Palm and its exclusive launch carrier Sprint can sell enough Pres to compete with the likes of Apple's iPhone and Research In Motion's Blackberry devices. </p> <p><b>Prediction: Palm's shares close at $12 or above by September 30. </b></p> <p>Image: <a href="http://www.palm.com">Palm </a></p> http://www.thestandard.com/predictions/palm-shares-reach-12#comments Business & Finance co:Palm product:Palm Pre Wed, 18 Mar 2009 15:22:09 -0400 Yi-Wyn Yen 128989 at http://www.thestandard.com Palm shares hit $12? http://www.thestandard.com/predictions/palm-shares-reach-12 <p> <p> </p> <p>Palm is banking on the upcoming launch of the Pre to revive the smartphone maker. Based on <a href="http://gizmodo.com/5126702/palm-pre-preview-simply-amazing">early rave review</a>s and a promising mobile platform called webOS, <a href="http://biz.yahoo.com/ap/090313/palm_ahead_of_the_bell.html?.v=2">one Wall Street analyst upgraded Palm shares from $5 to $12.</a> Palm's shares <a href="http://finance.yahoo.com/q?s=palm">closed at $8.09 on March 18</a>, a day prior to the company's quarterly earnings. </p> <p>in early March, Palm sold off more than <a href="http://www.businessweek.com/ap/financialnews/D96R80380.htm">23 million shares at $6 a pop to raise cash</a>. Palm made $84 million to keep operations going until the highly-anticipated Palm Pre arrives. The question is whether Palm and its exclusive launch carrier Sprint can sell enough Pres to compete with the likes of Apple's iPhone and Research In Motion's Blackberry devices. </p> <p><b>Prediction: Palm's shares close at $12 or above by September 30. </b></p> <p>Image: <a href="http://www.palm.com">Palm </a></p> http://www.thestandard.com/predictions/palm-shares-reach-12#comments Business & Finance co:Palm product:Palm Pre Wed, 18 Mar 2009 15:22:09 -0400 Yi-Wyn Yen 128989 at http://www.thestandard.com Palm shares hit $12? http://www.thestandard.com/predictions/palm-shares-reach-12 <p> <p> </p> <p>Palm is banking on the upcoming launch of the Pre to revive the smartphone maker. Based on <a href="http://gizmodo.com/5126702/palm-pre-preview-simply-amazing">early rave review</a>s and a promising mobile platform called webOS, <a href="http://biz.yahoo.com/ap/090313/palm_ahead_of_the_bell.html?.v=2">one Wall Street analyst upgraded Palm shares from $5 to $12.</a> Palm's shares <a href="http://finance.yahoo.com/q?s=palm">closed at $8.09 on March 18</a>, a day prior to the company's quarterly earnings. </p> <p>in early March, Palm sold off more than <a href="http://www.businessweek.com/ap/financialnews/D96R80380.htm">23 million shares at $6 a pop to raise cash</a>. Palm made $84 million to keep operations going until the highly-anticipated Palm Pre arrives. The question is whether Palm and its exclusive launch carrier Sprint can sell enough Pres to compete with the likes of Apple's iPhone and Research In Motion's Blackberry devices. </p> <p><b>Prediction: Palm's shares close at $12 or above by September 30. </b></p> <p>Image: <a href="http://www.palm.com">Palm </a></p> http://www.thestandard.com/predictions/palm-shares-reach-12#comments Business & Finance co:Palm product:Palm Pre Wed, 18 Mar 2009 15:22:09 -0400 Yi-Wyn Yen 128989 at http://www.thestandard.com