Windows Mobile to help push Palm’s value up by 30% over next 12 months
So says Cowen, an analyst company who has just initiated coverage of Palm.
Cowen believes Palm will outperform the market, with shares appreciating >30% vs. the market over the next 12 months. Two catalysts were likely to initiate this boost in value:
1) the once-aging Treo smartphone line-up is in the middle of a refresh based on the Windows Mobile 6.1 OS and
2) a new Palm OS should provide increased product differentiation by the end of FY09 (May).
The recent sale of smartphone companies Danger, sold to Microsoft for $500 million, and E-Ten, sold to Acer for $291 million, provide the foundation of firm’s valuation framework.
Via Barrons.com
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Palm currently has a market cap of 834 million dollars. Be back in a year to see if you are right.
BTW I very much doubt it. But I’ll wait a year before calling you on it.
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You should probably take it up with Cowen. Its their analysis after all.
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