Tuesday, December 18, 2007

Palm: A Fall From Grace, But What's Really Going On Here? - Tech Check with Jim Goldman - CNBC.com

Sad...

Talk about a fall from grace: this is the company that virtually invented the smart wireless device, and today, courtesy of siliconalleyinsider, a shocking realization that the company's stock is worth less than its balance sheet.

The blog says that Palm's current market cap of $573 million is woefully short of its $369 million in cash and $259 million in short-term investments.

Palm: A Fall From Grace, But What's Really Going On Here? - Tech Check with Jim Goldman - CNBC.com

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