These guys aren't just analysts. They run a hedge fund that has just become the 3rd largest shareholder in PALM. So take that bias into consideration when you try to read what they are saying. I do think that the basic outline of the device releases they describe is probably accurate since it's corroborated by a recent Forbes article and not something they would have a strong interest in distorting to generate positive buzz. Forbes actually seemed a little concerned from a share value standpoint that Palm was going to release so many phones so close together.
http://www.forbes.com/markets/econom...markets03.html
One thing that's a concern is that while they obviously believe PALM is a great value they also seem to be a lot more preoccupied by its cash hoard, real estate holdings, and warranty commitments that its mobile computing vision. They make a lot of complaints about Palm's management and state that if the complaints aren't addressed promptly the Board of Directors should consider selling the company. It all kind of sounds like they are agitating for a buyout--the kind that is good for shareholders in the short-run but guts the company in the end. Hoping this isn't the case, or at least that they don't convince other shareholders to go down that path.