Could Palm (PALM) Bounce Tomorrow After Launching A New Product At CES?

January 7, 2009 5:24 PM EST
A couple weeks ago, Palm (Nasdaq: PALM) Board Member, Roger McNamee, appeared on CNBC and hinted a revolutionary new product that will launch at the Consumer Electronics Show (CES).

Crunchgear has said it received information from a trusted source that Palm will launch a new large touchscreen smartphone that will have a full slide-down QWERTY keyboard. The new Nova operating system is described as “amazing” and there will be a full entree of software at launch.

This will be Palm's first major new device with a new operating system after nearly two years in a restructuring mode.

Will investors get excited after seeing Palm's supposed revolutionary product tomorrow and pick up shares of the stock? That's anyone's guess, but Palm does have some things going for it. Palm is provider agnostic and, thus, will likely allow many networks to resell its phone. That will excite consumers who are not on the AT&T network and cannot use an iPhone. Also, Palm does have a built-in installed base that could upgrade to this innovative phone.

Palm has historically disappointed investors, but I have a feeling, that this time, Palm may delight investors with a high-quality product that will truly be a positive catalyst for the stock. We will just have to wait and see.
- Jason Raznick

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Palm, Inc. (Palm) is a provider of mobile products.

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