Saturday, March 20, 2010

Desperate times for Palm | Relevant Results - CNET News

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.

Desperate times for Palm | Relevant Results - CNET News

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