AT&T to get Palm Pre Plus and Pixi Plus, Palm shares fall

Well to say that Palm shares have been falling is akin to saying that a sinking boat has sprung a leak, as Palm shares fell 25% mainly due to the $22 million announced loss for the third quarter of Palm‘s fiscal year. This despite a recent report by Canalys that forecasts a 112.3% growth year over year in the North American market alone for Palm. AT&T users on the other hand can look forward to getting their hands on the Palm Pre Plus and Palm Pixi Plus as Palm announced that they would soon be available on the AT&T network.

The Palm Pre Plus and Palm Pixi Plus are both excellent smart phones by our reckoning, they have so far garnered little attention because of the large number of highly competitive Android devices being released. However, the Canalys report forecasts (and rightly so in our opinion) that Palm will be gaining a larger share of the North American market in 2010.

One reason why the growth is so slow for Palm is, in our opinion, that the Palm Pre Plus and Palm Pixi Plus phones are not available unlocked globally. Otherwise, not only is the Palm webOS an excellent mobile operating system but the Palm Pre Plus and Palm Pixi Plus cellphones are both feature loaded and very satisfying to use, not to mention aesthetically pleasing.

Thus AT&T customers will be glad to know that Palm intends to introduce both the Palm Pre Plus and the Palm Pixi Plus to AT&T’s lineup. This was announced in a press release made by Palm that also indicated that they will showcase the AT&T versions of the Palm Pre Plus mobile phone and Palm Pixi Plus smart phone at CTIA Wireless to be held from the 23rd to the 25th of March in Las Vegas.

However, perhaps as we think due to the lack of unlocked phones available globally, or due to the stiff competition provided by Android based phones which are eating up most of the publicity and taking attention away from the Palm Pixi plus cellphone and Palm Pre Plus mobile phone, Palm made a $22 million loss in their third fiscal quarter.

Consequently, Palm shares fell almost 25% in trading and now the outlook is grim as most traders are recommending selling Palm shares and some of the more pessimistic even suggest that this might be the end for Palm.

We however do not think so, in our opinion, one way or another Palm will survive. While we would not like to see it happen, it is quite likely that a larger company like Dell or Microsoft might well launch a takeover if the situation truly reaches such a crisis.

On the other hand it is far more likely that Palm will make a recovery based on the strength of their products and the bright outlook predicted by the forecast report made by Canalys.

Filed Under: Palm


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