Research Report Suggests Order Doubled to Palm Pre Assembler (PALM)
More News related to PALM
- Notable Analyst Rating Changes 11/5: PALM, VALE, TRW, ONNN, MDT, SPWRA Upgraded; CMCSA, ARO, DPTR, GRMN TEX Downgraded
- Barclays Upgrades Palm (PALM) to Equalweight, Cuts Target to $11
- Piper Jaffray Reiterates an 'Overweight' on Palm (PALM); Channel Checks Indicate Steady Sales
- Notable Analyst Rating Changes 11/02: MOT, UFS, GNW, EL, JWN, WY, RCL, CS Upgraded; RIMM, PALM, CMCSA, ERJ, GERN Downgraded
- Citigroup Downgrades RIM (RIMM), Palm (PALM) to Sell, Upgraded Motorola (MOT), Leap (LEAP) to Buy
There's a positive piece of research going around today on Palm, Inc. (Nasdaq: PALM) from a group called OTR Global. The report suggests that sources in the Taiwan handset supply chain said Palm has almost doubled its order of the Pre to assembler Foxconn from 650,000 units to 1.2 million units.
The report could explain the continued strong momentum in the stock. Shares of PALM are up another 4.8% today to $16.58.
In addition, the report notes:
- Total June-August shipments expected to reach more than 1 million units
- WCDMA Pre and Pixie production set to begin in September
- One key source believes VZ will get an upgraded Pre in January
- Palm plans 2 more devices for 1H10
Real-Time Market Moving News Two-Weeks FREE http://www.streetinsider.com/premium_content.php
Related Categories
Analyst CommentsMomentum Movers
Rumors
Stocks Mentioned
-0.25Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
