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Investment firm downgrades Palm stock to "sell," Bono grimaces

Chris Ziegler

We imagine that entertainer-turned-investor Bono has enough cash banked so that Palm could croak tomorrow with little ill effect on his lifestyle, but still, it's gotta sting. UBS has now slapped Palm stock with a rather yucky "sell" rating, acknowledging that new products are on track for August and November but citing concerns over an "increasingly competitive landscape" from the likes of Apple with the 3G iPhone and RIM with the BlackBerry Bold, all combined with the knowledge that its Linux-based wares won't be hitting until next year. Could the schedule be tightened up at all if they were to adopt Android, and if so, would it be the right move?

[Via Palm Infocenter]

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