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PSRC PalmSource: Comments on stock's 8% move yesterday - Stanford (11.55 )

Stanford out on PalmSource noting the stock moved almost 8% yesterday due to the announcement of the Xplore M68, the introduction of a few China MobileSoft products, and a rumor that Nintendo may be licensing software from PalmSource. Understandably, the Nintendo rumor is probably the biggest driver of yesterday's price gain. Nintendo is rumored to have licensed some form of PSRC's PIM applications to run on the newly-released DS (Dual Screen) console. The firm warns clients against bidding up PSRC based on the Nintendo rumor. Stanford believes that any royalty revenue impact from the deal would probably be small. The firm also does not understand why anybody would want to use a Nintendo DS as a PDA.
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