Palm to see growth during 2010?
Ban k of America analyst, Vivek Arya, has published a research note stating that Palm is slotted for major growth in the year 2010. According to the research note it is believed that the new Palm Pixi as well as bringing webOS devices to the Verizon Wireless network will be a great help to the overall growth of Palm during the year.
Despite increasing smartphone competition, Palm can maintain differentiation and remains well-positioned to launch its products with multiple new Tier-1 carriers in early 2010 by which time it should have a robust apps catalog,” Arya wrote. “While we expect the stock to remain volatile, the recent sell-off creates an interesting buying opportunity, in our opinion, for a company with an attractive platform, selling into a high-growth market, and at a compelling valuation.”
Other things such as the rapid additions to the App Catalog, Ares and the new URL distribution of applications will greatly add to the success of Palm next year but will Palm have enough time to get all of these plans in motion? Far be it for me to predict the future but if Palm has another year without hitting a major down slope we believe that they will have a nice turn around on their hands.