Palm Inc (PALM)

[netjoy]

Pre-market will tell all. GLTA.

[Value_Investor]

I think $6 ~ $8 is the realistic offer from Nokia/Dell/HP/Microsoft.
$10 ~ $12 would be the best possible offer since the price has been
beat down to $4. The patents, IPs, WebOS, & PALM brand should worth
$1B at least. Tomorrow if there is no any bad news release the price
may bounce to as high as $5.3 due to the extremely oversold status &
the huge shorting positions (over 50% OS were shorted) covering...

[DAD2]

I think that if a company wants palm's technology they will want to pay big money for it, if any news comes out that one of the others in the industry want in this will spike back to $5-6 or more, this will be fun in about a month when the dust settles and the anlysts stop slamming the stock.

Lower than expected sales have never ruined a company as far as i know. GLTA

[pile-O-profit]

So will I, 1.50 sounds perfect. My boat will start loading at 2.00, if it doesn't go that low than I guess its ok. I have better stocks, but this will be worth getting into for sure IMO

[netjoy]

I am keeping both eyes on it I agree this is dirt cheap, but I will take cheaper. LOL.

[pile-O-profit]

I am keeping a close eye on this, this is cheap!!

[Californicator]

A position averaged down in PALM....Little here...little if it dips....little more if it dips further,...Will be an extremely nice trade. When the bunce happens, it should be sweeeeet.

[Californicator]

cyc....When the bounce happens, it should be exciting to say the least.

[cyclone101]

we are in the 3's in the AH's -- 3.97 -- http://finance.yahoo.com/q?s=palm

i think we see 3.5 or lower possibly -- some even think $2 flat

i will better able to gauge in the pre market

[barefootrunner]

I agree, but that is kinda crazy since the total cash per share of PALM is $3.52! If we hit that level, time to load the boat.

[Californicator]

cyc....I'm thinking we definatly see in the 3's for the new week.

[cyclone101]

after seeing the dip under 4 happen in the ah trading Friday -- i think we could see 3.5 range give or take a few ticks -- from there the bounce will ensue imho2 --- i will be ready if it goes lower (hope it does, but not expecting it to)

this one is truly on my radar/watch-list

[cyclone101]

guess i was thinking aloud and said something right for onvce in my life -- lmmfao -- we actually did go under $4 -- i am floored it went Friday -- i truly thought it would happen Monday dip at the pre-bell, then possibly start back up -- but at this point i am really with you and holding off now for a true bottom -- -- very seriously doubt $2 will show -- but we could see 3.5 - 3.25 maybe -- but hell at this rat of decline who really knows right -- just a sit and wait game

[MONEYMADE]

Fortunately the OS is very thin..Could bounce $3.40

[tnguyen1225]

OMG. 4 is broken next stop 3.00

Where is the bottom? I think this puppy could hit 2 next week. I am ready to load the boat

[cyclone101]

yep, u2

[netjoy]

Unless there is some positive event over the weekend to change fundamentals and market perception, I fear the same as well.

Enjoy your weekend everyone and GLTA!

[cyclone101]

no worries... still think a red close (obviously/lol) then possible entry under 4 monday

[netjoy]

Just left the office...on my iPhone

[cyclone101]

possible screen shot? TIA

[netjoy]

L2 is going nuts.

[cyclone101]

thats kind of what i am counting on -- sorry to be a pooper folkz -- just want to find bottom b4 buying

[cyclone101]

its on serious radar -- think i might be able to get in under $4

[netjoy]

What did you get in at?

[surf1944]

Bought back into PALM, the Anal-list are saying sell & going to zero. We know they are always right, hoping that that big red candle on the charts ends the day green.

[Californicator]

The way it's looking, could go lower into next week.

[netjoy]

Anyone think this will touch $4 today?

[MONEYMADE]

Agreed...some say Nokia. but I like Lenovo

[One Man Army]

PALM will be bought out, IMO... The question is... Is it a takeover or a takeunder

[MONEYMADE]

I liked it when I called it...not afterwards???? In other words go with the market now. Always beat the market never follow.
Made good coin on the spike up.


God will give me new buy signal soon.

[Tina]

you're buying or shorting?

[MONEYMADE]

PALM cut to zero "0" do you believe this azzholes. More for me

[Tina]

I'm the decision maker lol

I'll just have to flip something else to make up for it so he doesn't notice!

the chart and shortsqueeze suggest maybe a pop, we'll see

[ABIGIDIOT]

well, depending on his base, could be a good time to pull out. wont be long now, whatever decision he makes.

[Tina]

thanks abig

luckily, didn't execute in my account yesterday but poor hubby is down almost $500 in his now!

[ABIGIDIOT]

caution my dear, caution. better time this one right, could be a big move either way, if they play the PR game right.


http://www.streetinsider.com/Downgrades/Morgan+Joseph+Cuts+Palm+to+Sell+and+Sets+$0+Price+Target+(PALM)/5453363.html

should pop nice!

[Alamo_on_the_rise]

Very disappointing PR to say the least!
http://ih.advfn.com/p.php?pid=nmona&cb=1268967197&article=42035279&symbol=N^PALM

The words spoken within this release sounds like a dead man walking the green mile!

Feel bad for longs!!!

[DAD2]

Stock headed to $3 AH Crashing...........

[Tina]

tight pincher! along with shorts, should pop nice!

[Tina]

just saw it's going down more after hours, yikes!

I'm in @ 5.57

hopefully pops tomorrow

[Alamo_on_the_rise]

Pincher starting to break open!

All indicators look strong. Look for affirmation and further break tomorrow and coming days. Another solid day tomorrow and there will be a lot of eyeballs on PALM!

[Phoenix-Rising]

looking good, got through the sar. SMA 20 at 6.37
hope they run it into close

[daytrader2008]

Palm’s Lone Bulls Bank on Buyout as Most ‘Bail Out’ (Update1)


By Ari Levy

March 18 (Bloomberg) -- Tero Kuittinen, an analyst at MKM Partners, is swimming against the tide on Palm Inc.

After the maker of the Pre smartphone said on Feb. 25 that 2010 sales will be “well below” its forecast, at least six analysts cut their ratings on the stock. That left Kuittinen and RBC Capital Markets’ Mike Abramsky as the only analysts among 32 tracked by Bloomberg who recommend buying the shares. The stock has since dropped 34 percent.

“People bail out because they don’t want to risk further downside,” said Kuittinen, who kept his rating even as he cut his share-price estimate in half to $10. “That’s not always in the best interest of investors.”

Palm is an attractive buyout target, possibly by a computer maker, said Kuittinen, who has covered the mobile industry for a decade and joined Greenwich, Connecticut-based MKM in 2009. Palm shares have jumped on several occasions in the past year on speculation about a bid from Hewlett-Packard Co., Nokia Oyj or Dell Inc. Kuittinen didn’t name any acquirer candidates.

Buyers may be interested in Palm’s WebOS operating system, which runs the Pre touch-screen phone, Kuittinen said. Hewlett- Packard, the world’s largest personal-computer maker, trails rivals such as Apple Inc. in phones. Dell, the No. 3 PC maker, plans to sell a smartphone in the U.S. this year.

“The possibility of a takeover is real,” Kuittinen said. “The operating system is still a valuable asset.”

Derick Mains, a spokesman for Sunnyvale, California-based Palm, declined to comment, as did Hewlett-Packard spokeswoman Mylene Mangalindan and Dell spokesman David Frink.

Android Competition

Palm reduced its forecast a month after Verizon Wireless began selling updated versions of the Pre and Pixi phones, which were introduced last year. While initial sales at Verizon were a disappointment, demand improved in February as the carrier boosted marketing of the devices, Kuittinen said.

Palm is scheduled to report full results for the fiscal third quarter after the market closes today.

The company has posted 10 straight quarterly losses, a run that analysts surveyed by Bloomberg predict will continue through at least 2012. The stock has lost 69 percent since reaching a 52-week high in September, and Chief Executive Officer Jon Rubinstein is fighting the iPhone and Motorola Inc.’s Droid, which runs Google Inc.’s Android software.

‘Grinding Work’

RBC’s Abramsky cited the value of Palm’s WebOS software and “M&A upside” when reiterating his “outperform” rating Feb. 26. The Toronto-based analyst called the forecast revision a “big stumble” and cut his share-price estimate by 28 percent to $13.

“We don’t see this as a reason to prematurely throw the baby out with the bathwater,” Abramsky said in the report. He wasn’t available for an interview.

Apart from Kuittinen and Abramsky’s positive ratings, 23 analysts have a “hold” on Palm and seven recommend selling, according to data compiled by Bloomberg.

Revenue will be $310 million at most, Palm said last month, trailing the average analyst estimate at the time by about $100 million, according to a Bloomberg survey.

Palm rose 3 cents to $5.40 at 9:32 a.m. New York time on the Nasdaq Stock Market. The shares had tumbled 46 percent this year before today after more than tripling in 2009.

Jonathan Goldberg, an analyst at Deutsche Bank AG, stopped recommending investors buy Palm shares after the reduced forecast, citing the “long, hard, grinding work” ahead for the company. He now has a “hold” rating on the stock.

Dim Outlook

“The outlook is pretty dim,” Goldberg said in an interview from San Francisco. “In our survey, the Droid was overwhelmingly the favored smartphone.”

Analysts at Piper Jaffray & Co., Kaufman Bros., UBS AG, Pacific Crest Securities and Macquarie Capital USA also reduced their ratings after Palm’s announcement.

Shaw Wu of Kaufman cut his recommendation to “hold” from “buy.” Verizon’s marketing of Palm phones has been disappointing and may not improve because of the carrier’s focus on Research In Motion Ltd.’s BlackBerry devices and Android phones, he said in a Feb. 26 report.

“We regret doing this after the stock has pulled back 40 percent in recent weeks,” said Wu, who is in San Francisco. “But we believe the issues it faces are fundamental in nature and likely ongoing.”

Verizon Wireless, based in Basking Ridge, New Jersey, is promoting the $150 Pre Plus and $80 Pixi Plus with a buy one, get one free offer. The carrier started bolstering its promotion of Palm phones in mid-February, Jim Gerace, a spokesman. The devices are an important part of Verizon’s lineup, he said.

In a March 1 report, Kuittinen estimated that Palm’s weekly sales at Verizon increased from 6,000 phones right after the introduction to 16,000 per week in February. He predicts that Verizon’s increased marketing will push that number to 26,000 in the quarter ending in August.

“We recognize the risk a small smartphone vendor runs,” Kuittinen said. Even so, “Palm’s software and design expertise is deep enough to carve out a niche.”

To contact the reporter on this story: Ari Levy in San Francisco at [e-mail]
Last Updated: March 18, 2010 09:35 EDT

[mc6102]

PALM , bust $5.60 and watch it go some more.....

[mc6102]

MAybe that report isn't as bad as thought... and with those shorts, there may be some big covering.

We'll see.

[MONEYMADE]

PALM,,,,could see some nice swings today.

[bolivar]

added here today 5,38

[Tina]

Hope we do well!

Look at how sold off this stock is!

[mc6102]

Had to buy some. In today, see what happens

[Tina]

Odd, the short % isn't showing up on shortsqueeze.com right now.

Think I'll join you tomorrow :)

Palm Inc. $ 5.53
PALM -0.04

Short Interest (Shares Short) 72,085,900
Days To Cover (Short Interest Ratio) 2.5
Short Percent of Float %
Short Interest - Prior 74,571,300