PalmInfocenter is reporting that Palm’s stock rose 7% yesterday to a 34.59 close on an analyst upgrade. A Needham & Co. analyst said sales of the company’s Treo 650 smartphones may be outpacing previous expectations.

According to PalmInfoCenter, CBS Marketwatch is reporting that the company’s backlog of firm orders for its signature smartphone stood at $214 million at the end of its last fiscal year to May, roughly 450,000 units.

The analyst comments on speculation about the Windows Mobile Treo. He expects the company to launch such a device by the first quarter of 2006 or sooner, which agrees with earlier rumors in the online community.

Related Links

Click here to discuss this article in the forum.

Filed under: Treo and Palm news