Jan/10
29
Palm stock rallies 11% after Verizon iPhone not announced
No comments · Posted by admin in Palm Pre
Investors had come to see that Apple’s relationship with AT&T was still strong. The iPad was going to be available with pre-paid data service from AT&T, and using 3G frequencies not available on T-Mobile, the only other GSM carrier in the United States. That alone was enough to trigger a rally in shares of PALM. The stock gained 11% from the day’s low to peak at $11.98 a share, though it eventually settled down at $11.70 by the close of the market. That was a 4.7% gain from the open and a rally of close to 8% from the low of $10.75.
Source: Pre Central
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3G · Add new tag · Apple · at&t · Business · GSM · iPhone · T-Mobile · United States
