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Tech

$TIVO : Breaks kumo support. Bearish trend confirmed.

 

$TIVO breaks kumo support

 

5 year Ichimoku chart. Right at kumo support

TiVo ($TIVO), make its mark when they launched the first digital recorder more than a decade ago. They had ride the trend when demand for their box surge and at the same time cost of components fell.

With the success of Netflix, and upcoming challengers varying from Apple, Amazon and Google, it seems that the uptrend for TiVo has about to end.

The first Ichimoku chart shows that the price has pierce through the kumo support and is in bearish territories.

The second Ichimoku chart, which spans a 5 year period, shows the price level right at kumo support at around $11.99.

However, the kumo support is thin there and  price can easily drop below that level.

 

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Tech

PALM Pre to Launch in Europe with O2 and Moviestar

Just got this in my email (Palm’s newsletter)

Palm webOS Phone to Arrive in UK, Ireland, Germany and Spain on Local Telefónica Networks.

WINDSOR, England, Jul 07, 2009 (BUSINESS WIRE) — Palm, Inc. (Nasdaq:PALM) today announced that the Palm(R) Pre(TM) phone is scheduled to be available initially in the UK, Ireland and Germany exclusively on the O2 network, and in Spain exclusively on the Movistar network, in time for the holidays. Palm Pre, the first phone based on the new Palm webOS(TM) mobile platform, brings your information from the many places it resides – on your phone, at work or on the web – into one simple, integrated view.(1)

“Europe continues to be an important region for Palm, and we’re proud to work with O2 and Movistar to spread the excitement Palm Pre has already ignited in North America,” said Jon Rubinstein, Palm chairman and chief executive officer. “Since we showed Palm Pre at Mobile World Congress in February, there’s been a great deal of anticipation for an announcement about European availability, and that day is here.”

…….

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Let’s see if we will see a new high again.

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Tech

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