Beacon Equity Research has announced some new trade alerts which includes Palm amongst others.

In the Trade Alert, the author highlights Zacks lowering of Palm's price target to $2:

"Palm Inc. (PALM) shares advanced 1.70% Thursday to close at $1.79. Palm is a provider of mobile products. It offers Treo and Centro smartphones, handheld computers and accessories through a network of wireless carriers, as well as retail and business outlets worldwide. ... Zacks recently lowered its estimates on Palm for 2009 and 2010, and reiterated its Sell rating with a lower six-month price target of $2. ... The firm believes that Palm badly trails Research in Motion Limited (RIMM) in the smartphone market and will not be able to effectively compete as an independent company."

With the news of lay offs from Palm this week, declining sales and no real innovation things are not looking good at all. If there is a magical new operating system out there, it may never see the light of day because Palm could struggle in the current envorinment to even get as far as releasing it.

One question: 100's of people are laid off this week and Mr Ed stays in his job? Surely that needs to change as a last ditch effort to gain some traction...