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By David Meyer ZDNet.co.uk
Posted on ZDNet News: Jul 21, 2009 7:25:30 AM

An analyst has recommended investors sell their Palm shares, after he read a poll on a Palm fan website that suggested very high return rates for the smartphones.

The poll, which took place on the PreCentral.net website, saw 40 percent of respondents claiming they had returned their Pres due to manufacturing defects. Based on that poll as a major source of his information — another was direct questioning of retailers — Jesup & Lamont analyst Kevin Dede recommended: "Sell."

"Golly, our own forums being used to advise investors, we're honored," blogged PreCentral.net writer Dieter Bohn on Monday.

"Our forums - God love 'em - are likely to have a higher-than-average rate of people experiencing issues with the Pre. One of a forum's main functions is solving problems, so people without problems may not head there. Our PreCentral.net forum members understand that context and take the poll within that context. Your average investor reading a release from an analyst firm may not."

ZDNet UK has asked Palm for its own Pre return figures, and for clarification on the widespread complaints over the handset's build quality. No reply had been received at the time of writing.


Palm shares stay steady on Monday after the Jesup & Lamont report but fall early Tuesday. Credit: Yahoo.

This article was originally posted on ZDNet UK.

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  • Talkback
  • Most Recent of 18 Talkback(s)
Note the 10th grade reference...
..probably written by a child.

Phonological awareness is more indicative of
intelligence than one's command of the intricacies
of spelling in the English language. I prefer
proper ... (Read the rest)
Posted by: Reply_account Posted on: 07/22/09 You are currently: a Guest | | Terms of Use
palm shares - "sell" recommendation  clicking@... | 07/21/09
ARE you implying...  quixel | 07/21/09
RE: Palm Pre defect poll prompts analyst to 'sell'  clicking@... | 07/21/09
Anyone who listens to an analyst who  GuidingLight | 07/21/09
You'd think...  storm14k | 07/21/09
Learn to spell  GoPower | 07/21/09
Seriously?  quixel | 07/21/09
Palm defect analyst sell  ddlarry@... | 07/21/09
Note the 10th grade reference...  Reply_account | 07/22/09
Jesup & Lamont!!??? You're kidding, right?  WiredGuy | 07/21/09
RE: Palm Pre defect poll prompts analyst to 'sell'  jezor@... | 07/21/09
I agree but  quixel | 07/21/09
Another Analyst: Fewer than 250,000 Pres active in mid July  Davewrite | 07/21/09
I have to agree with everyone else on this... his research is questionable.  Been_Done_Before | 07/21/09
RE: Palm Pre defect poll prompts analyst to 'sell'  Jikester | 07/21/09
Poll results :  NeoGeneration | 07/21/09
Your New Precentral Poll Useless: Talkback "I voted 10 times on the poll"  Davewrite | 07/21/09
Conspiracies, keyboads, and nincompoops  chris17403 | 07/21/09

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