Verizon has announced it will carry the new Palm Pre within the next 6 months, according to a Reuters report.
Shares in Sprint, the exclusive launch provider for Pre, fell 2 percent after the comments from Lowell McAdam, as the highly anticipated Pre is seen as key to helping No. 3-ranked Sprint stem subscriber losses.
Shares in Palm were up 8 percent after the announcement of a second U.S. carrier for the device on which Palm is depending heavily to revamp its own business and regain market share from rivals such as Apple Inc's iPhone.
"Over the next six months or so you will see devices like Palm Pre and a second generation Storm," on the Verizon Wireless network, McAdam told a webcast.
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Shares in Sprint, the exclusive launch provider for Pre, fell 2 percent after the comments from Lowell McAdam, as the highly anticipated Pre is seen as key to helping No. 3-ranked Sprint stem subscriber losses.
Shares in Palm were up 8 percent after the announcement of a second U.S. carrier for the device on which Palm is depending heavily to revamp its own business and regain market share from rivals such as Apple Inc's iPhone.
"Over the next six months or so you will see devices like Palm Pre and a second generation Storm," on the Verizon Wireless network, McAdam told a webcast.
Read More