PALM investors still don't get the message
After Sprint posted it's second-quarter results it's stock closed 11.76% down from yesterday. The shares of Palm are flat. I would be worried:
- Sprint lost almost 1 million post-paid subscribers. ALL Pre customers are in this category.
- No word on Pre sales numbers, again. If they had something encouraging to say, they would.
- They admitted that the majority of the Pre customers are existing Sprint customers.
- They did say the Pre has "mitigated" some of the effect Sprint would have felt from the release of Apple's latest update to the iPhone. Wasn't the Pre supposed to attract AT&T customers in droves when their iPhone contracts expire? Looks like they preferred to stay in line for an updated iPhone instead.