CNBC reported today that a "person familiar with the matter" has said that Sprint Nextel has exclusive US rights to Palm's new Pre handset until the end of 2009. This comes at the heels of Sprint recently posting a loss of $1.62 billion and 1.3 million subscribers, as well as a narrower-than expected quarterly loss. After the news, shares leaped up almost 20 percent, while Palm shares were down 2 percent for the day.
Officially, neither Sprint nor Palm have announced how long the exclusivity period would be for the Pre. If this is true, looks like Sprint may be recovering some of their lost subscribers, who will have to switch back to be one of the first to own the fancy new handsets.
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