Palm (PALM Quote - Cramer on PALM - Stock Picks) was down 2.7% in late trading after
Wit SoundView sliced its price target to $42 from $75, saying channel checks indicate that revenue and gross margins could come in at the low end of the company's estimates.
Rival hand-held computer maker
Handspring (HAND Quote - Cramer on HAND - Stock Picks) was down 6.3% after rising slightly in morning trading. Handspring slid despite a boost this afternoon from
Credit Suisse First Boston, which reiterated its buy rating.
Research In Motion (RIMM Quote - Cramer on RIMM - Stock Picks), a maker of mobile email devices, was up 5.2%.
TSC Staff
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