In a recent Forbes article, Caris & Company Equity Research analyst Susan Kalla discusses what she believes to be an undervalued Palm stock. In the article Kalla says that although Palm's stock has seen a sharp increase in recent weeks due to takeover rumors, she believes the company will remain independent in the near term.

The real news in the article is the speculation that she casts about a new Treo 700 running the Palm OS being released in April. What makes her think that? Does she have inside knowledge of such a thing? Stay tuned.