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Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Search Search: New Palm Pre sends stock price soaring AFP - Saturday, January 10 LAS VEGAS (AFP) - - Palm Inc., a pioneer in handheld devices but suffering hard times lately, unveiled a touch-screen smartphone Thursday which impressed reviewers and sent its stock price soaring. The Palm Pre, released at the annual Consumer Electronics Show (CES) here, runs on a new operating system, the Palm webOS mobile platform, developed by the Sunnyvale, California-based company. Palm, which came out with some of the first personal digital assistants (PDAs) but has been lagging behind rivals Nokia, Apple and Research in Motion, said the Pre would be available through US carrier Sprint by this summer. It did not reveal the price for the device, which notably allows users to move seamlessly from one application to another like with a desktop computer and run multiple applications at the same time. "Being able to flick between applications is really a breakthrough," Sprint chief executive Dan Hesse said during a demonstration of the Pre. "I can check my calendar while on speakerphone and do email while on the phone. "It replicates the way you work on a PC or a Mac." The Palm webOS mobile platform is also open to other developers to write programs for the device and Internet titans such as Yahoo!, Google, Facebook and Amazon are among its partners. "We believe there will be hundreds of thousand of applications on the platform very quickly," Palm chief executive Ed Colligan said. "These are standard tools, any Web developer can do it. It was built with developers in mind." Encased in an ergonomic black plastic case, the Pre is slightly smaller than rival smartphones. In addition to the touch-screen offered by rival models such as Apple's iPhone it also offers a slideout QWERTY keyboard. Other features of the Pre include a Web browser, Wi-Fi, integrated GPS, stereo Bluetooth, a 3-megapixel camera, video playback and eight gigabytes of internal storage space. Telecom analyst Jeff Kagan said that judging by the demonstration, the new Palm is "pretty impressive." "If it works as well in the real world it could be a hit," he said. Palm was certainly a hit on Wall Street following the presentation. Palm's share price gained 1.15 dollars during the day to close at 4.45 dollars, an increase of 34.85 percent and it added another 12.36 percent in after-hours trading to 5.00 dollars. Email Story IM Story Printable View Blog This Recommend this article Average (0 votes) Sign in to recommend this article » Most Recommended Stories » Related Articles: Technology CES: 100 high-def movies on a stamp-sized chip?Reuters - 1 hour 50 minutes ago Dell shows ultra-thin laptop, 10-inch netbook at CESReuters - 2 hours 17 minutes ago Palm shares surge after new phone impresses at CESReuters - 2 hours 17 minutes ago U.S. health information technology falls short-reportReuters - Saturday, January 10 New Palm Pre sends stock price soaringAFP - Saturday, January 10 Most Popular – Technology Viewed Marks & Spencer to axe 1,230 jobs and close 27 stores Citigroup: 2-billion-dollar exposure to LyondellBasell Finance fights sex for Aussie dictionary honour Israel presses on with Gaza strikes despite UN resolution Half the planet could be hit by food crisis by 2100: study View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular

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