PLMO palmOne aided today by JP Morgan comment that stock is significantly undervalued (21.15 +2.15)
The firm also commented on news of the availability of a J2ME-compliant run-time environment for Java applications on the Treo 600 and Tunsgsten devices, and the start of a marketing program with Sprint PCS, focused on small to medium businesses. According to firm, the Java development makes the Treo a suitable platform for more sophisticated enterprise applications, and believes this will help promote the PalmOne device as a corporate standard.