Today Palm revealed yet another piece of news to shake things up and investors quickly signaled their approval.
Palm shares soared on buzz that the company will release a new, cheaper smartphone to compete with Apple’s $99 iPhone.
Rumor has it that the Palm Pixie will be a “candybar-shaped touchscreen device,” and will sell for $99, just like its rival from Apple.
Palm has shaken things up in the past week, in both their product offerings and leadership. 
Yesterday, the company replaced its old CEO with Apple veteran Jon Rubenstein.
Is it me or does Palm appear to be on the Apple warpath? The battle is definitely fun to watch.
Palm’s stock chart …read more

Yesterday, Apple announced an iPhone price cut and introduced a new, faster iPhone. Wonder if the Palm Pre had anything to do with that?
On Saturday, the Palm Pre made its highly anticipated debut. Initial sales estimates vary by analyst, but are in the range of 50,000 to 100,000 units.
According to the Wall Street Journal, Apple sold approximately 150,000 iPhones in its first weekend.
The Pre features Palm’s WebOS operating system. For now, the Pre and its WebOS technology are only available to Sprint customers. In January, Verizon Wireless clients will be able to try the Pre.
Shares of Palm (Ticker: PALM) closed 4.44 percent higher today.
The timing of the price …read more

The Palm Pre has been touted by many as the biggest competitor to the amazingly popular Apple iPhone. The Pre debuted on Saturday and though the launch was preceded with much hype, crowds were smaller than some expected.
With the iPhone launch, people formed lines and camp outside of Apple and AT&T stores for days. However with the Palm Pre, most customers arrived just before Sprint stores opened on Saturday. The Pre was also being sold at Best Buy stores, where it received a bit more attention.
The device is priced at $299, plus customers can get $100 back with a mail-in …read more

Palm’s new phone might be smart, but what about its investors?
Shares of Palm (Ticker: PALM) rose 35 percent on Thursday and opened 18 percent higher on Friday. What is the fuss?

Palm finally showcased its new smart phone, the “Pre,” at the 2009 International Consumer Electronics Show (CES) in Las Vegas. Palm also unveiled its operating system, Palm Web OS, and a new wireless charger called the “Touchstone.”
According to comScore, Inc., Palm’s current product offering held about 16 percent of the U.S. smart phone market as of October 2008. The Palm Pre, which will compete with Apple’s iPhone and RIM’s Blackberry, has garnished some high praises.
Unfortunately, high profits justify stock jumps NOT …read more