“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
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.
Palm is better then Windows Mobile. But then Windows Mobile will be relegated to less then the Zune status soon enough.
Um = last man off sinking ship
If you use the word “beleaguered” one more time, I swear, I will never visit this site again. How about using the built in thesaurus for some ideas?
@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.
I’m with thinkblue. Beleaguered is used too much. Still love MDN though.
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
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
Palm who ?
@ 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?
@Vista Pracova
No, I’m not new to the Mac. I’ve worked in I.T. for 13 years, and personally gave up Windows back in 1999. I discovered OS X after a couple years of straight Linux use in 2001 and haven’t looked back since. I’m the oddball I.T. guy who hates Windows and always talks about Mac’s. I’m the I.T. guy that would love to see us get rid of everything Microsoft spews out and replace it with Apple technology that actually works.
While every article back in Apple’s dark days may have used the word “beleaguered” when describing the company at the time, I’m sure it was equally annoying then, albeit on the opposite end of the spectrum for all the Apple faithful. So, yeah, OK, we get it, Apple has turned things around and is now in the lead in so many ways. Let’s be funny and say beleaguered regarding everyone else now. Ha ha ha, what a riot! Not.
So, how about letting it go already. I’m a huge Mac fan, but it’s getting incredibly annoying, and it’s time to move on. Yes, the joke is certainly on all those companies and people who wrote Apple off all those years ago. Are you not capable of simply enjoying the success of your favorite computer company without resorting to name calling and insults? It’s like watching a spoiled 8 year old kid point and yell “Neener neener neener, I told you so!” Be happy knowing that you use a superior platform while so many others continue to suffer needlessly. Do what you can to try and help those people find a better way to use technology. But, stop with the pointless posturing and name calling. It’s ridiculous and solves nothing.
@ Beleaguered thinkblue,
Lighten up, dude
@ thinkblue
I don’t think you can change this situation. I might point out to everyone that beleaguered was made popular by those who dispised Apple. It was more than fun to turn it around and use it on others (pay back is a b***h).
Might I suggest that we practice what we preach (Think Different). Let’s come up with our own word to discribe those floundering around in Apple’s wake. Let’s Think Different. The proof will be when that new word is being used over and over again. Then we can claim success.
Cheers
OK, let the game begin, here is my first kick at the can.
“endangered”
Your turn thinkblue.
Cheers
Sinking?
@ thinkblue
I’m sorry If I offended you.
You started using Macs in 2001. And claim to understand what pre-Mac OS X users went trough all those years?
But Mac users are used to taking a beating only to see later on their positions vindicated, and we can take it with style also…
In case you don’t know there was an Apple Death kneel counter going on. As late as 2006 Mr. Enderle was claiming that Apple was going out of business, even Mr Jobs was saying that Apple was on its way out (before he came back, that is).
http://www.macobserver.com/appledeathknell/
“Are you not capable of simply enjoying the success of your favorite computer company without resorting to name calling and insults?”
Yes I am, but it is not half as much fun as watching those who dismissed Apple as doomed experience the same we had to endure.
Let’s see what they can come up with, maybe they will come up with really excellent products and everybody wins, and they can help us finally come out of the computing Dark Ages.
I’ll be right here in the couch waiting.
See, not even one insult.
Cheers