Palm Inc

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Palm Inc

• YASH BHATNAGAR

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Palm Recommendation

• Buy at 10.70
• Sell at 15.55

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Palm Background

• Designs and produces smart phones for the general
  public
• Dependent solely on the smart phone market, price
  varies based on market
• Sleek and efficient company, employing just 939
• Founded in 1992

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Basic Numbers

• Current Price 11.56
• Beta .81
• EPS -7.47
• 52 Week Low 1.30
• 52 Week High 18.09
• Market Cap1.65B
• Year to date Up 585.12

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Palm Reasons to Buy

• Smartphone penetration is likely to grow three
  fold over the next three years, to 504 million
  users in 2012 from an estimated 165 million in
  2009.
• Palm is totally dependent on the smartphone
  market, so if it goes up Palm will inevitably go
  up
• Palm just released its new mobile operating
  system webOS with the Palm Pri
• Palm is releasing its earnings report on December
  17th, Year to date it has increased 583
• There are rumors that it will be taken over by
  Nokia, causing an increase in stock prices

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Competition

• RIM, Taking losses because of negative opinion of
  its Blackberry Storm
• Nokia, It has gone down an astounding 15 in its
  year to date

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Sources

• http//finance.aol.com/quotes/palm-inc-new/palm/na
  s
• http//www.palm.com/us/company/about.html
• http//brainstormtech.blogs.fortune.cnn.com/2009/0
  8/18/abramsky-apple-rim-could-triple-revenues-by-2
  012/
• http//www.google.com/finance?qNASDAQPALM
• http//www.reuters.com/finance/stocks/keyDevelopme
  nts?rpc66symbolPALM.Otimestamp20091113194800