Tuesday
Aug182009
PALM: Don't Call It A Comeback; We've Been Here For Years!
Tony Peric
RBC analyst Mike Abramsky called the trio of the best smart phone makers on the market "the new world order" includes Apple, RIM, and Palm, and said that they are are positioned for leadership in the cell phone industry, thus sending estimates and price targets higher for all three companies.
- Apple price target jacked to $250 from $190, FY11 estimates $50.3 billion revenue (18% y/y growth) and $8.25 EPS on 49.3 million iPhones. Near-term estimates raised, too.
- RIM price target jacked to $150 from $100, FY11 estimates $21.2 billion revenue (32% y/y growth) and $5.43 EPS. Near-term estimates raised, too.
- Palm price target jacked to $25 from $18, FY11 eatimates $3.2 billion revenue (52% y/y growth) and $0.75 non-GAAP EPS. Near-term estimates raised, too.
Why Palm? The company has near-term challenges but the "special sauce to lead", Abramsky says, including WebOS platform.
"Don't call it a comeback, we've been here for years...Mama said knock you out"
[via BusinessInsider]
Reader Comments (7)
Hmm... I'm thinking that these analysts are nothing more than just cheerleaders who are just following their own gut feelings and own preconceived notions about these devices.
While Ashok Kumar has had it out for the Palm Pre since Day One (he was actually calling the Palm Pre "dead on arrival" before it even launched), we almost always see Mr. Abramsky come out with a conflicting viewpoint... and while I AGREE with him, I regard ALL analysts' "reports" as mere editorials, nothing more.
Sadly, I think most of the "analysts" out there are iPhone owners, which doesn't bode well for Palm. It amazes me that investors actually listen to these guys... but I'm glad Mr. Abramsky's not with the "herd."
Time for Palm to have better commercials. Not a bad Title?
palm's stock has been up and down. The bad news is it's goes up 3 % and then down 4% each day for three days. Up 2% then down 3% for three days. Then flat. Then up .0% and down 2.5% , then down 5% on like a real bloodbath day. Then like today, up 4%. The result is over about a month your down 17% percent overall so the trend at the moment is down. But with real earnings figures, real sales figures, and actually opening the app store the stock will pop. But short of good news it will move on rumor, with the cellphone sector, and on the market momentum.
Gosh if you just look at those revenue forecasts:
RIM: $21.2 billion
AAPL: $50.3 billion
...
PALM: $3.2 billion
... Talk about being the small fish! You gotta love the underdog... I keep saying: "c'mon li'l fella! You can do it!"
Yeah, they need an ad or three with this song in the background. Hell, this sort of thing works great for Apple, and is definitely more memorable than randomly soothing ambient muzak.
All talk! Remember how long the other phones have benn out. Just wait till the next pre comes out or the one after that! Than all the people haten will be on ur knees! Just watch
Every body admits that our life is high priced, nevertheless people need cash for different stuff and not every one earns big sums cash. So to receive some home loans or collateral loan would be good way out.