Beleaguered Palm and Sprint shares fall as Pre fails to lure new customers

“Sprint Nextel Corp. and Palm Inc. shares fell after an analyst at Wachovia Securities Inc. signaled the new Pre touch-screen phone may not be luring customers away from rival carriers,” Amy Thomson reports for Bloomberg.

“A survey of retail sites showed that most buyers of the Pre are already Sprint subscribers, helping the carrier retain customers, Chicago-based Jennifer Fritzsche said in a report today. Palm began selling the Pre exclusively through Sprint in the U.S. on June 6,” Thomson reports. “The research suggests the Pre isn’t drawing customers away from larger rivals AT&T Inc. and Verizon Wireless, Fritzsche said.”

MacDailyNews Take: Sheesh, beleaguered Palm’s plastic-screened scratch/crackfest can’t even compete with Verizon’s even crappier iPhone wannabes.

Thomson reports, “Sprint has lost more than 4 million contract customers in the past year as those carriers introduced more feature-heavy, Web-equipped phones, like the iPhone and the BlackBerry Storm.

MacDailyNews Take: Reporters on a fruitless quest to concoct “balance” where none exists look like idiots when attempting to equate the BlackBerry Storm with Apple’s iPhone. Nobody went to Verizon to get a BlackBerry Storm, Amy:

Only one storm drags down D.C. Republicans and Democrats alike: RIM’s awful BlackBerry Storm – March 06, 2009
PC World: It’s official, Blackberry Storm is no Apple iPhone killer – January 27, 2009
RIM’s big response to Apple’s iPhone, BlackBerry Storm, falls flat – January 26, 2009
ChangeWave: Apple iPhone’s ‘very satisfied’ rating more than double that of RIM’s BlackBerry Storm – December 22, 2008
Innovation and Entrepreneurship Professor reviews RIM BlackBerry Storm: ‘Disappointing and awful’ – December 05, 2008
NY Times’ Pogue reviews RIM’s BlackBerry Storm: ‘I’ve got a better name for it: BlackBerry Dud’ – November 26, 2008
InformationWeek reviews RIM’s BlackBerry Storm: ‘Tiresome, slow, severe bugginess and problems’ – November 24, 2008
TIME Mag reviews RIM’s BlackBerry Storm: ‘Novelty screen feels cheap; steer clear of this storm’ – November 20, 2008
Chicago Tribune reviews RIM’s BlackBerry Storm: ‘Can’t compete with Apple’s iPhone’ – November 20, 2008
Gizmodo reviews RIM’s BlackBerry Storm: ‘Heavy, laggy, sluggish, unstable, clunky, and tiring’ – November 20, 2008
Engadget reviews RIM’s BlackBerry Storm: ‘Frustrating, inelegant, uncomfortable; a disappointment’ – November 20, 2008
PC World reviews RIM’s BlackBerry Storm: ‘Awkward, disappointing; a failed experiment’ – November 20, 2008
BlackBerry Storm: No Wi-Fi. No iPod. No iTunes App Store. No sale. – November 14, 2008
RIM’s new BlackBerry Storm offers mechanical click screen, lacks Wi-Fi – October 08, 2008

Thomson reports, “The Pre, which features a touch screen and Palm’s new WebOS operating software, also faces increasing competition from Apple Inc.’s new iPhone 3G S, which goes on sale this week. Sunnyvale, California-based Palm aims to use the Pre to reclaim its reputation as a pioneer in handheld devices, earned more than a decade ago with the debut of its Pilot model.”

MacDailyNews Take: If by “increasing competition,” Amy means “total annihilation,” she’d be much closer to the truth. Otherwise, give us a break. And Palm is no “pioneer” in handheld devices, that title goes to Apple, who introduced the PDA to the world with Newton. Palm is a derivative company; a follower, not an innovator. If Palm is a pioneer at anything, it’s in sitting around on its collective ass, resting on its laurels, milking/screwing its cusotmers, and then running around in a too-late frenzy like a chicken after Apple lopped off its head.

Here’s a better journalistic recipe for Amy: Substitute Palm press release spin with actual history and facts while also not warping reality beyond recognition by trying to equate an inferior wannabe product with those from the market’s leading innovator in a misplaced stab at “fairness.” If you do so, people will be more inclined to believe what you write.

Full article here.

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