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Palm Pre to Arrive in Canada on Bell Mobility Network

I just got this in my mailbox from Palm Newsroom (or rather email alerts send to Palm’s investors).

TORONTO, May 06, 2009 (BUSINESS WIRE) — Palm, Inc. (NASDAQ:PALM) today announced that Palm Pre(TM), the first phone based on the new Palm(R) webOS(TM) mobile platform, will debut in Canada exclusively on Bell Mobility’s 3G high-speed mobile network in the second half of 2009.

This is definitely good news; or rather good enough to keep some of the momentum going.

One of the issues challenging Palm is their dwindling cashflow and the hype-to-the-sky, Palm Pre. In a way, they may cause their own demise if they don’t deliver on Palm Pre.

I own Palm’s shares and hope that they deliver on this. More importantly, I hope to see them phase in more good news in Q3 on other partners in Europe and Asia.

Meanwhile, on the Ichimoku charts, PALM continues to break new high both on the Daily and the Weekly.

The Weekly chart is extremely exciting. It has break through the kumo, with all indicators showing bullish signs.

Weekly Chart link:

http://stockcharts.com/h-sc/ui?s=PALM&p=W&b=5&g=0&id=p69023755561