Palm Shares Rise On Analyst Comments, Says “Pre Might Ship Early”

Palm shares continued their upward trend today after a Deutsche Telecom Bank analyst raised his price target for the stock. The analyst cites confidence in the Palm Pre handset which will be released during the first half of 2009. The analyst also said checks indicate not only that the Pre would be released on time, but that the device might ship earlier than June 30th.

Palm has long said that they expect to develop products in addition to the Pre that would run webOS. Those products might not find their way on shelves of wireless carriers sooner than expected according to Jonathon Goldberg from Deutsche Bank.  "We also confirmed earlier checks and vague hints on their recent call that the company is working on other form factors which we could see in the market sooner than expected," Goldberg said.

via Forbes

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