Palm gets boost with Treo 700wx

RBC Capital Markets reiterated its "outperform" rating on Palm and the company's shares increased after Sprint Nextel announced plans to offer the Treo 700wx smartphone that supports EV-DO and runs on Microsoft Windows Mobile 5.0.

"Verizon had exclusivity on the Windows Mobile Treo 700w since its launch in January," said RBC analyst Mike Abramsky in a research report. "The 700wx includes more 'program' storage and tethered modem functionality, but is otherwise similar to the 700w."

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