WSJ says Palm is poised for a comeback

[Colin Dunstan]

Holidays are upon us and nothing delivers joy and happiness more than promising words about your favorite company. Last week it was the NYT who pointed out the strong fundamentals of Palm company in an interview with Ed Colligan; today it's the WSJ who argues that Palm is poised for a comeback. Pablo Perez-Fernandez, an analyst at research firm ThinkEquity Partners, who rates Palm "buy" with a $50 price target (current: $27.89) and RIM a "sell" with a $60 target (current: $64.13), says that 2006 will be a huge year for Palm. WSJ:

A key source of hope stems from Palm's introduction of a Treo smart phone that operates on Microsoft Corp.'s Windows operating system [...] The device, which will be pushed by Verizon Wireless, is seen appealing to a wider swath of business and government customers. "This operating system brings a new set of functionality that the Palm system doesn't have," said Palm Chief Executive Ed Colligan during the unveiling of the smart phone in September. "The fact of the matter is things have changed." For Palm, the change was necessary [...] Much like chatter over a low-priced device, there is talk that Palm will release a smart phone that will run on the next-generation wireless network in Europe. Any such product could provide another unexpected spark to the stock.

Reminder: Palm will report fiscal second-quarter earnings report on Dec. 20.

[gadgetguru]

Nice article. The excerpts is interesting (I am not a WSJ subscriber). But it should be noted that it is a WSJ article, not WSJ arguing for Palm. The analyst is the one arguing for Palm.

[Colin Dunstan]

Originally Posted by gadgetguru

But it should be noted that it is a WSJ article, not WSJ arguing for Palm. The analyst is the one arguing for Palm.

Actually it's the author of the article, Roger Cheng, who is arguing for Palm, using the analyst as one source to back up his claims