Lawrence Harris, C.L. King & Associates

Palm Inc (PALM) - Lawrence Harris at C.L. King & Associates

"Given the sizable discounts now prevalent on the Pixi, it now suggests that the real problems for the Pixi and the Pre go beyond insufficient carrier support and unfocused TV advertising campaigns," CL King analyst Lawrence Harris observed in a research note to clients this morning. "Rather, consumers are not finding the Pixi a compelling product in an increasingly competitive smartphone market." if that's truly the case, these Palm Brand Ambassadors the company is sending to Verizon have their work cut out for them — at least at the moment. Sources close to Palm tell me the company plans to introduce at least one new smartphone this year. Perhaps that will be the device that drives demand and pushes the company back to profitability 

Sprint Nextel Corp (S) - Lawrence Harris at C.L. King & Associates

Meanwhile, C.L. King analyst Lawrence Harris notes that prices are coming down hard for Palm phones at both Sprint and Verizon Wireless. 

Palm Inc (PALM) - Lawrence Harris at C.L. King & Associates

Meanwhile, C.L. King analyst Lawrence Harris notes that prices are coming down hard for Palm phones at both Sprint and Verizon Wireless. 

Palm Inc (PALM) - Lawrence Harris at C.L. King & Associates

That sent its stock plunging nearly 20%, or $1.56, to $6.53. It was the biggest drop in Palm shares in more than a year. The company had initially projected sales of at least $1.6 billion for its fiscal year, which ends in May. But Palm said quarterly revenues will come in way short of the projected $409 million at $310 million at most. The new outlook demonstrates the tech pioneer's latest devices, the Pre and Pixi, aren't winning over customers, CL King analyst Lawrence Harris said. 

Sprint Nextel Corp (S) - Lawrence Harris at C.L. King & Associates

CL King analyst Lawrence Harris said that while weak advertising at both Verizon and Sprint had hurt sales, he saw a deeper problem with the phones themselves. 

Palm Inc (PALM) - Lawrence Harris at C.L. King & Associates

Analysts projected $409.3 million, according to the average estimate in a Bloomberg survey . The forecast signals Palm is still struggling to revive its reputation as an innovator in smartphones, where Apple Inc and Research In Motion Ltd dominate. Palm has so far failed to win customers back with the touch screen Pre and other models, and needs to broaden its offerings to succeed, said CL King & Associates Inc analyst Lawrence Harris . 

ADC Telecommunications, Inc. (ADCT) - Lawrence Harris at C.L. King & Associates

Analysts typically exclude one time items from their estimates For its fiscal second quarter, ADC said it expects per share results to range from a loss of 4 cents to a profit of 6 cents, including an estimated noncash amortization expense of 5 cents per share The company projected revenue of $260 million to $280 million Analysts project earnings of 5 cents per share and revenue of $2755 million CL King analyst Lawrence Harris on Tuesday upgraded the company to "Strong Buy" from "Accumulate" and raised his share price target to $10 from $8 

Palm Inc (PALM) - Lawrence Harris at C.L. King & Associates

"There was not a lot of encouraging news in Palm's guidance," said CL King analyst Lawrence Harris, adding that the results showed the Palm webOS user interface may be less popular than the Android and iPhone browsers