Is the Palm Pre Suffering From High Return Rates?
The Palm Pre might be subject to excessively high return rates, according to an equities market researcher. But then again it might not. Slideshow: How the Palm Pre and Apple iPhone stack up Kevin Dede, an analyst with Jesup & Lamont, said in a research note issued Monday that Palm’s soaring stock price was overvalued, given that returns of its recently released innovative smartphone seemed high. A “great many returns” were sparked by problems with the slideout keyboard and dead pixels on the touchscreen, according to Dede. Users posting to various Palm-related forums also report cracked screens. Dede’s report was detailed in a story by John Paczkowski, managing editor for the Wall Street Journal’s All Things Digital site. But a closer reading of Dede’s research raises serious doubts about its validity, as a number of bloggers and analysts have noted. Dede based his conclusions about the possibly high number of returns on two sources. One was his impromptu survey of a trio of local ret
