Windows Mobile to help push Palm’s value up by 30% over next 12 months

So says Cowen, an analyst company who has just initiated coverage of Palm.

Cowen believes Palm will outperform the market, with shares appreciating >30% vs. the market over the next 12 months. Two catalysts were likely to initiate this boost in value:

1) the once-aging Treo smartphone line-up is in the middle of a refresh based on the Windows Mobile 6.1 OS and

2) a new Palm OS should provide increased product differentiation by the end of FY09 (May).

The recent sale of smartphone companies Danger, sold to Microsoft for $500 million, and E-Ten, sold to Acer for $291 million, provide the foundation of firm’s valuation framework.

Via Barrons.com

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