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Palm Pre June 4, 2009

Posted by Who? in Random.
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All the noise with the Pre seems a bit forced to me.  Glowing reviews and “the best competitor for the iPhone” seem to be plastered everywhere. Best/Worst example being the Sprint Countdown Ticker ad.  What’s the thinking here?  If you can’t create actual hype, let’s fake it?

Without having seen the thing, I think this thing is going to tank.  One reviewer said, “This thing isn’t even as good as the current iPhone, let alone the upgrade due out on Monday.”  That pretty much sums up my feelings.

Perhaps Palm isn’t aiming to compete with the iPhone/Blackberry as much as it is simply trying to get a/keep its small share of the steadily growing SmartPhone market; 36MM units in Q1-09 up 12%.

I think the stock is over-hyped and over-bought.  Immediate short-term may be to the upside, but looks like the big money is exiting.  Watch for a strong bounce off recent resistance; if no strength, I’d be interesting in shorting ze bass terd.