[Reuters] Palm shares surge after new phone impresses at CES

Posted by: UGN Security

[Reuters] Palm shares surge after new phone impresses at CES - 01/09/09 03:44 PM

NEW YORK (Reuters) - Shares in Palm Inc surged over 36 percent on Friday after its new touch-screen phone and mobile operating system impressed analysts and short sellers rushed to cover their positions, giving investors hope it may win customers from rivals such as Apple Inc .