“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