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Telecom & Wireless

Palm Dances Around April Fools With ‘Real’ Announcement (PALM)

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By Douglas A. McIntyre Updated Published
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palm-pre-imagePalm 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

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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