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A little Palm financial news

Wed May 14, 2008 - 5:05 PM EDT - By Jennifer Chappell


Palm, Inc. announced today that their Chief Financial Officer Andrew J. Brown will be present at the 36th Annual JPMorgan Technology Conference in Boston on Monday, May 19th, 2008 at 3:40 p.m. Eastern Time.

Palm invites investors to listen to the live webcast at http://investor.palm.com/events.cfm.

In other Palm news, I read today over at Tech Trader Daily that UBS analyst Maynard Um cut his rating on Palm to Sell from Neutral, with an unchanged $5 price target. Palm today is down 18 cents, or 3%, at $5.76.

According to the article, Um says that Palm is on track for some new Treo products in the August and November quarters, but they face an increasingly competitive landscape with the pending arrival of the 3G iPhone and the expected July launch of the 3G Blackberry Bold by RIM.

Um also said that a Palm turnaround still relies on the success or failure of its new Linux product (Nova) which won't be launched before the first half of 2009 "at the earliest."





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