Palm to get lift from Vodafone?


PalmWhile Palm’s shares have dipped recently in the wake of their recent so-so earnings report, analysts at Caris & Company feel that the stock could receive a jump based upon recent moves from their business partners. Analyst Susan Kalla stated in a recent report that partner Sony-Ericsson’s positive earnings report as well as partner Vodafone’s decision to release a new Treo smartphone in Europe.

“We believe the Vodafone announcement will counter some of the negative sentiment from lowered guidance for a shortfall in Europe,” she said.

Caris & Company is maintaining a “buy” rating on Palm.