JPMorgan Out with Very Positive Palm Channel Checks

JP Morgan is out very positive on Palm (PALM) saying their channel checks at more than 20 Sprint and Best Buy Stores yielded a consistent takeaway: there aren’t enough Treo 800Ws to meet demand. The firm is raising its F1Q09 estimates to above consensus. Reiterates Overweight.

Notablecalls: Rhymes with RBC Capital (see yesterday's post).

Comments

[Yagottabe K...:]

> ...a consistent takeaway: there aren’t enough Treo 800Ws to meet
> demand...

Or another way of looking at it - each one of those stores is selling 5 800Ws per week.

2008 Jul 29 02:58 PM

[Randy Fay:]

PALM is going nowhere fast. Would be a great short at higher levels. Do you see the lines for the iPhone?

2008 Jul 30 11:58 AM

[Short death:]

Keep shorting bozo. Can't see PE on AAPL yet? Compare it to palm and then then comment on their relative strenghts and prospects.

2008 Aug 04 12:52 PM