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Palm Has Verizon in Hand: Analyst
1 Comment · Posted by admin in Palm Pre, Verizon Wireless
Palm has some good times ahead at Verizon, says Macquarie Securities analyst who upgraded the stock to buy Monday.
It became apparent that the Motorola Droid was not going to be the phone that finally slayed the mighty Apple iPhone. Throughout the past two months, Verizon has remained officially committed to selling the Palm phones early next year, when Sprint’s exclusive deal expires.
TheStreet first reported that Verizon would likely take a minimum shipment of Palm phones and offer limited sales support for the devices. At the time, people close to the company said most of the marketing resources would be focused on the Motorola Droid.
Not so, says Macquarie analyst Phil Cusick.
“Despite market worries to the contrary, our checks indicate substantial support pending for Pre and Pixi at Verizon in early 2010,” Cusick writes in his research note Monday.
Palm may have turned a corner on its troubles of 2009, Cusick argues. Spotty supplies of the Pre hampered its debut, and Sprint’s weak support as the shrinking No. 3 player didn’t help much, Cusick writes.
Read the full story on The Street.
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Anonymous · December 22, 2009 at 10:57 am
I have the funds saved up for the launch! Come on, Verizon, let’s get it out!