Huge stock jump after the Palm Pre announcement
Fri, Jan 30, 2009
Palm Inc. is alive! It looks like we are in for a ride with Palm. After years of stagnation and low volume, low price trading there are signs of life. Palm has jumped from 1.15$ per share in December 2008 to 7.32$ last week.
That is one major investor rally, it seems that confidence in Palm`s newest gadget is in for a success. Like some would say, Palm Pre is designed to give iPhone some real competition. It`s not revolutionary or groundbreaking but it will surely put Palm back in the game ( or the 450$ mil investment will, who knows :))
Once it hit the shelves in the first half of 2009 worldwide the game is on. And the competition between iPhone, Android and Palm for inovation and end buyers can start.
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