As the Palm Turns: Sprint Sales Slow, Pali Says

You just can’t count Palm ( PALM ) “Pre” smartphone shipments enough to satisfy Wall Street. Pali Capital Research analyst Walter Piecyk this morning reports that his store checks show the company’s rate of Pre sales at Sprint ( S ) stores slowed last week from 50,000 to 60,000 the week prior to just 40,000. Piecyk offers the view that this is not because of a slowdown in supply, but rather that demand is adequately matching supply. Piecyk then goes on to urge investors not to obsess too much over the week-to-week fluctuation, and says that if demand continues to slow, Sprint will step up its market efforts. Palm shares today are down 36 cents, or 2.2%, at $15.98; Sprint shares are off 20 cents, or 4.3%, at $4.41. (link)