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."
For more about Palm's Windows Mobile-based Treo:
- read this article from Forbes.com