UBS downgrades beleaguered Palm to ‘Sell’

“UBS analyst Maynard Um today cut his rating on Palm to ‘Sell’ from ‘Neutral,’ with an unchanged $5 price target,” Eric Savitz reports for Barron’s.

“Um says the company is on track for some new Treo products in the August and November quarters, but that Palm faces an increasingly competitive landscape, with the pending arrival of the 3G Apple iPhone and the expected July launch of the 3G Blackberry Bold by Research In Motion,” Savitz reports.

Full article here.

MacDailyNews Take: Palm is toast. Especially if RIM’s fake iPhone is being cited as a threat.

We’ve learned and struggled for a few years here figuring out how to make a decent phone. PC guys are not going to just figure this out. They’re not going to just walk in.Palm CEO Ed Colligan, commenting on then-rumored Apple iPhone, Nov. 16, 2006

16 Comments

  1. Um – err

    From neutral to sell when the price is 15% under anyway – no brainer – that’s usual for analcysts – no brains.

    But the ‘smart’ money sold long before anyway.

    He needs a job next year too.

  2. @thinkblue

    MDN uses “beleaguered” to describe certain competitors since Apple was once described as “beleaguered”. This is a way for MDN, to the amusement of us all, to tell the competition to eat their words.

  3. WOW, MDN your really good at dishing it out but seem to have a thin skin even when comments are made in fun. Hence the reason why I added the ” ” width=”19″ height=”19″ alt=”wink” style=”border:0;” /> “. I guess I will save my comments for those who can’t censor postings.

    Zune Tang I hate to say it but you have taken much worse on the chin.

    Here is hoping the censor is in a good mood this time

    Cheers

  4. We’ve learned and struggled for a few years here figuring out how to make a decent phone. PC guys are not going to just figure this out. They’re not going to just walk in. – Palm CEO Ed Colligan, commenting on then-rumored Apple iPhone, Nov. 16, 2006

    A butcher, a baker, a candlestick maker could do it….. IF THEY DID THEIR HOMEWORK !!

    Which you didn’t

  5. @ thinkblue

    I’m sure you are new to the Mac, if you were not you would appreciate it every single time it is used, In case you were not around in those days, during the Apple Dark Ages, EVERY single news about Apple would include beleaguered in the headline. EVERY single one. Those of us that endured those days enjoy this every time. I’m counting the days until the same thing is said about that other company (whose name shall not be spoken) is referred to in the same manner. Palm, Dell, Quark, etc were also all too fast to dismiss Apple. Now look at them. Karma is a … er, how shall I say it? funny thing, isn’t it?

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