Palm Dances Around April Fools With 'Real' Announcement (PALM)

Palm Inc. (NASDAQ: PALM) is about to make an announcement later today, if the company can keep from dancing around how it wanted to make an April Fool’s joke on the company blog.  It is likely that we will get some additional data on the Palm Pre as far as pricing and formal release dates, although with Palm you just never really know what will come out of the company at “planned events.”  Here is what Palm noted:

• “…we thought we’d give you a heads-up (for reals) to check back later today (or follow palm_inc on Twitter) for an update direct from the Web 2.0 Expo in San Francisco.”

Palm shares are not following any directional trends this morning despite its note of “Watch this space: No foolin'”.  As of 9:05 AM EST we have seen about 41,500 shares having traded, and the pre-market indication are for the stock at $8.45 to $8.50 after closing at $8.59 yesterday.

Maybe it is asking too much, but Palm might want to figure out that all the cute hints and roundabout ramblings is not exactly the best thing during times like this.

Jon C. Ogg
April 1, 2009