PALM: The Final Postmortem

HPQ has just announced a deal to buy PALM at $5.70 cash per share.  The stock is up 25% from yesterday's close (and still off a lot from my recent $10.20 short entry point). I remain short PALM, not because I'm stubborn, just because it makes little sense to cover at a price above the deal price.  I'll leave the short on for now, with plans to cover soon. The only risk is a possible bidding war, which seems highly unlikely.  All-cash deals are hard to beat.  

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Recap of iPhone OS4 Event

Notes on iPhone OS4.0 call.

300k iPads sold first day, 450k as of today, 250k iBooks downloaded in first 24 hours, 600k as of today. Over 1M iPad apps downloaded on day one, 3.5M as of today.

App store update: over 4B apps downloaded, 185k apps in store now, 3500 iPad apps in store.

iPhone update:

iPhone has 64% share of mobile browser usage. RIMM 9%, Android 19%.

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"Just Give Me My Cheetos and American Idol"

Since I don't understand the health care "reform" and obviously have no power to affect it, I will play like an American, and just go back to watching my "Idol" with a giant bag of Cheetos. (By the way, Cheetos are actually one of the least unhealthy of the "salty snack" category, and yes, that is real orange cheese)

A smattering of things:

AKAM: cut to hold from buy at Citi – valuation.

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