Advertisement
News
Advertisement

Low stock keeps Pre in demand

Mon, 06/08/2009 - 9:10am
Monica Alleven, Wireless Week

The Palm Pre’s introduction over the weekend was what was expected (story here): a low-key affair, with few devices actually in stock and available at many stores.

Palm shares were down more than 9 percent, at $11.73, in early trading today. The Pre and its webOS has been seen as a make-or-break product for Palm, which fell out of favor after once dominating the portable computing market with the Palm Pilot and later gathering a fan base with the Treo.

New York-based UBS Investment Research analysts visited five Sprint and three Radio Shack/Best Buy locations in the early hours of Saturday’s launch and interviewed 87 people in line or after buying a Pre. The limited supply generally resulted in stock “outs” before noon. Not surprisingly, about 70 percent of those surveyed were existing Sprint customers and about 40 percent were Palm users. The analysts reiterated their “Neutral” ratings on both Palm and Sprint.

At a Best Buy in Portland, Ore., the Pres were sold out Saturday, and a store associate advised that all Best Buys had only about two and, at the most, eight units for sale. A waiting list at one store had eight names on it by Sunday morning.

Last week, at a launch party in New York, Sprint Nextel CEO Dan Hesse said the Pre release was a “coming out party” for Sprint, which is a “very different” company than it was 12 months ago. The carrier has been touting improvements in customer service and network performance.

The Pre has generated mostly positive reviews, including by The Associated Press (story here).

More Broadband Direct 06/08/09:
•  Cox Business serves up voice service to health care org
•  Qwest doesn't get its price for LD unit
•  Juniper interface brings 100 GE a step closer
•  Arris, SageQuest extend workforce integration partnership
•  Report: Cable stocks a better buy
•  Trilithic gains ISO 9001:2008 certification
•  Low stock keeps Pre in demand
•  Japan explores using cell phones to stop pandemics
•  Broadband Briefs for 06/08/09

 

Advertisement

Share This Story

X
You may login with either your assigned username or your e-mail address.
The password field is case sensitive.
Loading