Palm Getting Crushed by Droids
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Moritz Dispatch
Nov 2, 2009, 10:47:30 AM11/2/09
to Moritz Dispatch
Scott Moritz
11/02/09 - 09:01 AM EST
NEW YORK (TheStreet) -- Palm's road to recovery has taken a sharp turn
south now that Google's Android phones at Motorola have given
smartphone investors a new compass point.
Shares of the Pre phone maker have fallen 30% in the past month,
capped by a 13% single-day drop Friday.
The stock price continued to fall Monday after Citi analysts
downgraded Palm and BlackBerry maker Research In Motion to sell and
upgraded Motorola to a buy.
The move comes just five days before Motorola's Droid phone starts
selling at the nation's No. 1 wireless shop, Verizon.
Click here for more on the Asterdroid field that is battering Palm:
http://www.thestreet.com/story/10620230/1/palms-plunge-continues-on-downgrade.html
11/02/09 - 09:01 AM EST
NEW YORK (TheStreet) -- Palm's road to recovery has taken a sharp turn
south now that Google's Android phones at Motorola have given
smartphone investors a new compass point.
Shares of the Pre phone maker have fallen 30% in the past month,
capped by a 13% single-day drop Friday.
The stock price continued to fall Monday after Citi analysts
downgraded Palm and BlackBerry maker Research In Motion to sell and
upgraded Motorola to a buy.
The move comes just five days before Motorola's Droid phone starts
selling at the nation's No. 1 wireless shop, Verizon.
Click here for more on the Asterdroid field that is battering Palm:
http://www.thestreet.com/story/10620230/1/palms-plunge-continues-on-downgrade.html
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