Palm Releases 3Q Results
As you have probably seen in various publications, Palm released their 3Q results which showed a higher than expected profits. This follows up my post where I stated that Palm continues to distance themself from their competitors. I am sure after the recently released results, JPMorgan will probably be taking a good hard look at their recent downgrade.
I love the product adn used to own the stock some 2 years ago, but I think their Marketing sucks. They have an all-in-one device that could replace a laptop, phone, iPod, GPS etc., but the folks at Palm have done a horrible job marketing their product. Additionally, Palm has been a one-trick pony so far. Other gadgets like the Tungsten and the LifeDrive have not exactly thrived. Earnings were good but they should have been better considering the legal woes of their primary competition RIMM. I think the stock could move up but Palm’s leadership sure could use someone like Steve Jobs on their side.