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Palm shares down on report Verizon may drop phones
No comments · Posted by admin in Palm Pixi Plus, Verizon Wireless
Palm Inc. shares fell Wednesday afternoon amid chatter Verizon Wireless may drop its Pre Plus and Pixi Plus smartphones, sales of which have disappointed many on Wall Street.
The buzz started after Canaccord Adams analyst Peter Misek told his firm’s salesforce Verizon Wireless was “evaluating the potential for destocking,” industry jargon for dropping a product from the store shelves. Misek cited conversations with Verizon Wireless officials.
“We have relationships with certain people at Verizon, and they have been very, very disappointed with Palm sales,” he told Dow Jones Newswires.
Read the full story on Total Telecom.
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Business · Palm · pixi · Smartphone · Telecommunications · Verizon Wireless · Wall Street · Wireless
