Palm Inc. (NASDAQ: PALM) is one company whose fundamentals are making one statement, while the stock chart's technical indicators are arguing something entirely different.

A late roll-out of the Palm Pre with new carriers has sparked concerned about disappointing Palm results in the quarters ahead, and particularly during the upcoming holiday season. Moreover, any hint that FY2010 revenue growth that will not exceed a 100% gain will likely send PALM's shares tumbling.

MOST NOTEWORTHY: EV3, Steel Dynamics and Sonic were today's noteworthy initiations:

• JP Morgan initiated EV3 (NASDAQ: EVVV) with a Neutral rating. The firm sees risk to guidance and finds it too early to recommend the stock.
  
• Steel Dynamics (NASDAQ: STLD) was assumed with an Overweight rating at Morgan Stanley.
  
• Lehman initiated Sonic (NASDAQ: SONC) with an Overweight rating.

OTHER INITIATIONS:

• HSBC initiated Rostelecom (NYSE: ROS) with an Underweight rating and $36.50 target.
  
• Keefe Bruyette assumed German American Bancorp (NASDAQ: GABC) with a Market Perform rating and $13 target.
  
• JP Morgan initiated Perdigao (NYSE: PDA) with an Overweight rating.

Sprint's shares plunged more than 15% Friday morning after the company said it will cut about 4,000 jobs and close 125 stores to cut costs to improve its financial performance, the company announced Friday in a statement. Sprint's shares sank $2.06 to $9.51 in early trading Friday.

Sprint (NYSE: S), the No. 3 wireless carrier, said the action would lower labor costs by about $700-$800 million annually. Sprint said the jobs cuts would occur nationally, and would include managers.

The action comes after the company announced that it lost an additional 683,000 customers last quarter, which brought 2007 customer losses to 1.2 million.

No 3. carrier Sprint has been stung by customer departures, as customers have been lured to competitors AT&T (NYSE: T) and Verizon Wireless (NYSE: VZ), which feature more-popular phones/PDAs and better service. Moreover, although Sprint's call quality and network has improved in the past six months, Sprint has found it difficult to reverse the company's earlier reputation as one of the worst call networks in the mobile sector. In addition to Sprint's aforementioned attrition problem, analysts believe that reputation is holding down subscriber recruitment.

Apple's (NASDAQ: AAPL) iphone and now the rumored Google (NASDAQ: GOOG) phone, keep piling on features until my head is swimming. However, they still fall short of providing those features I'd like in my "everything device". Here's a current draft of my desires. Please help me flesh this out. What features would you like to have in your everything device?

1. Phone to phone
2. Receive and send e-mail
3. Receive and send instant messages
4. Receive and send text messages
5. Internet access with seamless, intuitive browser
6. MP4 audio/video player
7. Games
8. Address book
9. Calendar
10. PC/laptop backup storage
11. Camera
12. Audio recorder
13. GPS unit
14. Calculator
15. Notepad
16. e-book reader
17. Fax send and receive
18. Thermometer
19. Garage door opener
20. Television & other home electronics remote control
21. Car lock & starter remote
22. UPC scanner
23. Bottle opener/corkscrew
24. Toothpick
25. Pill carrier
26. Flashlight

Research in Motion (NASDAQ: RIMM) has traded up a nice 6.0% in early after hours trading after the company posted better than expected earnings this afternoon.

The company reported strong sales of it's handheld devices which resulted in a 47% profit growth when compared to the same period last year. The company reported earnings of $170 million compared with $120 million last year as the company was able to pick up 875,000 new subscribers as demand for their BlackBerry devise continues to be hot.

Analysts had expected to see the company report $0.94 per share in earnings but the company actually posted earnings of $0.95 after adjusting for stock option expenses.

After finishing out the day down 0.8% to 133.70 the stock is currently up $8.00 in after hour trading.