Wednesday, March 25, 2009
That Pre Sure Got Some Powerful Magic, Boy…
It has not yet been given a price or a release date, but Palm’s forthcoming Pre handset continues to have a remarkably restorative effect on the company’s share price. It wasn’t so long ago that Palm shares were trading just above a dollar. Today, they’re hovering around $8.67, bouyed up by little more than the device’s Consumer Electronics Show debut, an uneventful media Webcast, some hyperbolic remarks from one of the company’s investors and the enthusiasm of a few bullish analysts.
The markets are having their say about Yahoo’s choice of Autodesk Chairwoman Carol Bartz as CEO and they don’t seem to much care for it. Though Bartz is a widely-respected Silicon Valley veteran and has done much to improve Autodesk’s fortunes, investors aren’t so sure she’ll do the same for Yahoo.
“Apple’s iPhone 3G, introduced in July, is the only reason smartphone growth did not slow in September.” This according to Needham analyst Charles Wolf, who in a research note today points out that the nearly seven million iPhones Apple shipped during the three-month period ending September account for all of the sequential shipment growth in the quarter. Astonishing.
