RIP Palm: it's over, and here's why
In January of 2009, shares of Palm traded at a little over $3 as everyone awaited details of the once-mighty smartphone maker's plans to save itself from certain death. In the wake of the Pre's successful unveiling later that month at CES, Palm's stock price more than doubled, and optimism about the Pre's prospects eventually drove shares to a high of over $17 in October of last year. But as of this past Friday's earnings report, sales are way below Palm's and Wall Street's expectations, the company has little cash left on hand, and shares of PALM have dropped all the way back down to $4. There's a growing consensus—as expressed by the market—that there are only two possible futures for Palm: acquisition, or insolvency.
So what happened? Wasn't webOS the greatest thing since the original iPhone OS? Wasn't the Pre a great phone? How did Palm blow it so badly?
I was a Pre user up until January of this past year, when the Nexus One came out. I went with Palm as far as I could, but in the end, I bailed.
Here's where I think Palm went wrong, and why I left the Pre.
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Palm is not dead yet
theinquirer.net: PALM'S BIGGEST INVESTOR Elevation Partners said that it will stand by the firm even while other shareholders run away.
Analysts think that the outfit is about to be bought out after it failed to make its mark on the smartphone market. It has been making losses for two years but thought it was about to turn the corner when it launched its latest range with a new model.
rest here