Recently, Palm’s stock (symbol creatively PALM) has been recommended by Fox News as a stock that would be a good buy for investors. Rumors of a possible buy-out of the company seem to have given Palm’s stock a positive trend. Analysts agree that it is a strong buy and all indicators seem to point that the stock is prepared for a gradual growth. Aside from the stock’s performance today, it has shown a gradual increase of value in the last two weeks.
Investors who own the stock have high hopes that Palm will be bought by another company which would rapidly increase the value of the shares they own.
What do you think? Is there room for three competitors (Palm, Microsoft, and RIM) in the handheld market or no? Do you think buying Palm’s stock would be a good investment?
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i’d wait for a monthe before treo700p, then buy then wait for 2 weeks after its release then sell.
You ask if there is room for three competitors (Palm, Microsoft, and RIM) in the handheld market.
I think that the most likely buyer for Palm is either Microsoft or RIM — which would leave only two handheld competitors.
(I wish Apple had bought Palm years ago. Imagine what their products would be like now!)