Cannacord Adams Analyst Says Palm's Situation Could Get Worse (PALM,T)
Wednesday, March 17, 2010 - 12:40
Written on Wed, 03/17/2010 - 12:40pm
By Chip Brian

3/17/2010-Digital Daily blogger John Paczkowski says Palm's (NASDAQ:PALM) situation could turn from bad to worse, as its fourth-quarter may not be any better than its disappointing third-quarter.
Paczkowski cites Canaccord Adams analyst Peter Misek, who believes PALM's smartphone launches on AT&T (NYSE:T), originally expected this spring, have been pushed back to the summer.
Misek also thinks Palm decreased its initial order size and cut its marketing budget for the launch, which is worrisome as the company could use the additional distribution from AT&T sooner rather than later.

Keywords: AT&T canaccord launch distribution smartphone

Ticker(s): PALM T

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