
There is a certain tech blog contingent out there who have been spreading the news that the Palm Pre didn’t sell as well as hoped last week. Which is strange considering the phone sold out almost everywhere.
PalmGoon has tried to hold out from making any too biased predictions about how the Palm Pre sold and will sell in the future. As much as we wanted to see the Palm Pre aid the ailing Palm company, there is no use to reporting incorrect stories.
Today the AP is reporting that “Palm’s shares hit a new year high Tuesday after an analyst said its new Pre smart phone is selling better than he had expected.”
“Pacific Crest analyst James Faucette raised his per-share estimate and price target on the handset maker.
In a note to investors Tuesday, Faucette estimated that between 90,000 and 100,000 units were sold in the Pre’s first week on sale, and he believes there is a waiting list 30 names long at each store.”
James Faucette is not a man who makes suggestions to his investors based on hearsay. He clearly has facts upon which he is basing his predictions. This means not only did the Palm Pre sell as well as it could have last week, but that it is exceeding expectations, and that there is a long waiting list for the phone.
And all this before the advertising blitz begins this Wednesday.
Expect the company to keep rising. Don’t listen to the naysayers.


2 Comments, Comment or Ping
James
Good to read…if the wait lists hold up over time and palm+sprint can get the phones into customer hands at a nice clip then thid phone will do nicely indeed and it bodes well for the webOS platform as well
Jun 16th, 2009
SharonW
Making money over here, boss. Bought PALM back in April. Added Sprint to my position today.
Jun 17th, 2009
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