Did Best Buy Scoop Palm's Pre?

Best Buy

This would be huge for Best Buy (NYSE:BBY) is they could scoop what is shaping up to be the season hottest phone from Palm (NASDAQ:PALM).

Engadget Reports

"You know Palm's on to something when reputable sites start to splinter around its newly announced OS and handset. PhoneArena's fledgling sister site, WebOS Arena, has it from a "credible source" that Best Buy will be the exclusive retailer for the Palm Pre. That means that Best Buy will be the only place other than Sprint (NYSE:S) where you'll find the Pre for purchase on US soil for the first 60 days after launch (whenever that might be). Assuming the rumor is true of course."

After news that Apple's (NASDAQ:AAPL) iPhone will be sold at Wal-Mart (NYSE:WMT), this is the perfect thing for Best Buy to get consumers back to thinking of them as the premier electronics retailer.  

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