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Palm Pre on Verizon: Still a Possibility
According to Digital Daily, analysts are thinking yesterday's rumor that Verizon may skip the Pre is poppycock. Deutsche Bank's Jonathan Goldberg writes:
Meanwhile, Bloomberg received a statement from Palm that, while it's not a straight denial, definitely adds another bucket of cold water. They write that Palm has "reiterated its plan to work with additional wireless carriers in the second half of fiscal 2010." "Additional carriers" doesn't necessarily mean "Verizon," of course -- especially since we've heard plenty of rumors that the Pixi will hit AT&T.
In other words, Don't Panic.
Update: Palm, while they "don't comment on rumors and speculation" does "point out that in a press release we issues yesterday, Palm re-affirmed it's fiscal year 2010 outlook and planned product and carrier launches in the second half of Palm’s fiscal year ending in May 2010." Here's the relevant bit from the press release where Palm announced they're exercising their over-allotment option:
According to Digital Daily, analysts are thinking yesterday's rumor that Verizon may skip the Pre is poppycock. Deutsche Bank's Jonathan Goldberg writes:
Our checks continue to point to healthy carrier demand for the Pre early in calendar 2010. We believe Palm has placed orders with the supply chain for another version of the Pre with features highly consistent with a Verizon launch
Indeed, if you take a look at Palm's financial guidance for 2010, as Morgan Keegan's Tavis McCourt did, there's pretty much no way Palm could hit the numbers they're planning on without Verizon.Meanwhile, Bloomberg received a statement from Palm that, while it's not a straight denial, definitely adds another bucket of cold water. They write that Palm has "reiterated its plan to work with additional wireless carriers in the second half of fiscal 2010." "Additional carriers" doesn't necessarily mean "Verizon," of course -- especially since we've heard plenty of rumors that the Pixi will hit AT&T.
In other words, Don't Panic.
Update: Palm, while they "don't comment on rumors and speculation" does "point out that in a press release we issues yesterday, Palm re-affirmed it's fiscal year 2010 outlook and planned product and carrier launches in the second half of Palm’s fiscal year ending in May 2010." Here's the relevant bit from the press release where Palm announced they're exercising their over-allotment option:
Palm expects to use the proceeds for working capital and general corporate purposes. Palm also reaffirmed its fiscal year 2010 outlook and its planned product and carrier launches in the second half of Palm's fiscal year ending in May 2010.
originally was found here:
originally was found here:
Code:
http://www.precentral.net/palm-pre-verizon-still-possibility
