Submitted by Yi-Wyn Yen03.18.2009
Thunderdome
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This prediction is closed and has been judged.
Palm is banking on the upcoming launch of the Pre to revive the smartphone maker. Based on early rave reviews and a promising mobile platform called webOS, one Wall Street analyst upgraded Palm shares from $5 to $12. Palm's shares closed at $8.09 on March 18, a day prior to the company's quarterly earnings.
in early March, Palm sold off more than 23 million shares at $6 a pop to raise cash. 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.
Prediction: Palm's shares close at $12 or above by September 30.
Image: Palm
Price History
Prediction Statistics
| Betting Closes: | Sep 29 2009 | Current Consensus: | 97.59% | Total Bets: | 27 |
| Today's Change: | 8.02% | ||||
| Life Time High: | 97.59% | ||||
| Life Time Low: | 34.30% |
Comments
in addition to the Pre, Palm may have two more webOS devices waiting in the wings-
Pixie http://www.washingtonpost.com/wp-dyn/content/article/2009/04/30/AR200904...
Netbook http://blogs.barrons.com/techtraderdaily/2009/05/01/palm-will-foleo-be-r...
PALM closed above $12 today ended at $12.06
http://data.cnbc.com/quotes/palm
Thanks Andy. Judged!
Ian Lamont
Managing Editor
The Industry Standard
twitter.com/ilamont
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