A stark Palm reality check
There's really no way to sugarcoat this: Palm is heavily leveraged in a fiercely competitive market and unable to generate interest for a well-received product as it burns cash amid mounting inventory. That's a whole lot of bad stuff to deal with at one time.
Palm's stock was down 26 percent in midday trading Friday. Financial analysts are recommending that their clients dump the stock while there's still time. Two went so far as to cut their target price for the company's stock to $0, essentially declaring it worthless.