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.
According to Palm, Pre was chosen as a name for its new smartphone because “it’s anticipatory.” If that’s the case, then it couldn’t be more well-suited to the device which has left observers waiting in frustrated anticipation for official word of its price and launch date. During a joint Palm/Sprint Webcast Thursday to discuss the Pre’s upcoming launch, the companies had little of note to say. 
