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Palm: Initial Sales At Verizon Slightly Disappointing, Piper Says

Palm has seen only “modest” sell through so far for the Pre Plus and Pixi Plus at Verizon Wireless, according to Piper Jaffray analyst T. Michael Walkley. The analyst, who has an Overweight rating on the shares, writes that he is “slightly disappointed” with initial Palm sales at Verizon, but contends that a more aggressive media campaign from Verizon and Palm should bolster demand.

Walkley says the company is on track to meet his forecast of 1 million Web OS-based phones in the February quarter. To hit his 1.5 million unit goal for the May quarter, he says, will require “ramping sell-through trends at Verizon.”

Source: Barrons

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