November 28, 2006
Palm Hurting, Apple Smiling
It's just a few minutes after noon in the New York time zone, and CNBC TV just reported that Palm's share price is down 7.4%. RIM is down about 0.5%, Apple is up a couple of %. Palm was downgraded, triggered by their announcement that they were delaying the release of a new Treo. While they've release several this year, including the Treo 680 (which was partly recalled, I believe) and the Treo 750, they had plans for releasing many more. In the meantime, Apple is doing just fine, thank you, and no doubt fans are eager to hear more about the Apple iPhone, due out next year.
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