Analyst Outlines Palm Scenario (PALM)

Posted in pre-market 
April 16th, 2010

Palm, Inc. (NASDAQ: PALM) is trading up on a positive research call this morning oin the chances of a buyout.

RBC has maintained an Outperform rating on Palm with an $11 target.  The firm has said it has a $10 to $14 breakup value and it sees a better chance than not of a deal getting done.

The stock trades an average of 27,360,600 and the 52-week trading range is $3.65 to $18.09.

At 8:58 AM EST we have seen 1,145,896 shares trade hands and the stock is up 3.9% at $5.61.

JON C. OGG

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