Palm Pre Defects Affect Earnings

The Palm Pre might be one hot smartphone since it was released (relatively speaking, although it isn’t as highly sought after as the iPhone), but there is still one huge blemish associated with this handset – up to 40% of initial Pre sales are returned, and this piece of news does not sit well with analyst Kevin Dede who thinks that Palm shares are worth a mere $12.50, slapping a “Sell” rating on the company in the process. What do you think – is the Pre a false messiah?