Tough crowd. Yesterday, shares of palmOne
I guess I can understand why investors would take note of such "news." (I put "news" in quotes because, as CBS MarketWatch pointed out, there isn't any confirmation from Nokia or other explanation from palmOne about its move yesterday.) The Treo 600 is well-received in its market. In fact, some consider it the top choice among high-end handhelds. Nokia, meanwhile, makes some very well-regarded, high-performance phones, and it could certainly be seen as a threat as it battles for market share.
But is the mere concept that palmOne might face stiffer competition really worth a one-day drop in market value clocked at nearly $120 million? That's a tough sell. Speaking broadly, the handheld sector is already one of the most competitive around. Just ask Sony
So wherever you look, there's a Research in Motion
As yesterday illustrates, every move -- or, in this case, word -- is watched by investors with hawklike intensity. That puts investors in a difficult spot.
Fool contributor Dave Marino-Nachison doesn't own any of the companies in this story.
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