Singapore Telecommunications will offer Research In Motion’s popular BlackBerry service on Palm’s Treo 650 smartphone, Forbes reports.
The company is the first wireless carrier to make the service available on the Treo 650, according to Forbes.
Megan Graham-Hackett, Standard & Poor’s equity research analyst, wrote in a recent report, “We have long believed that a push e-mail service was key to broader adoption of the Treo,” according to Forbes.
Graham-Hackett upgraded Palm’s shares from “hold” status to “buy” because of the announcement, Forbes reports, and raised the 12-month target price by $6 to $27.
Palm also recently opened up the Treo platform to Microsoft, according to Forbes.
For related news coverage, read RIM’s BlackBerry to Hit China by Mid ’06 and BlackBerry, Meet China Unicom’s RedBerry.
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